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URL:  https://boards.fool.com/wal-mart-wakes-up-30337258.aspx

Subject:  Wal-Mart wakes up Date:  10/24/2012  2:07 AM
Author:  fleg9bo Number:  650537 of 888931

http://pjmedia.com/blog/wal-mart-goes-back-to-basics-a-cauti...

After suffering seven straight quarters of losses, today the merchandise giant Wal-Mart will announce that it is "going back to basics," ending its era of high-end organic foods, going "green," and the remainder of its appeal to the upscale market. Next month the company will launch an "It’s Back" campaign to woo the millions of customers who have fled the store. They will be bringing back "heritage" products, like inexpensive jeans and sweatpants.

...this episode should be seen as a cautionary tale about "progressives" and social engineering experiments on low-income Americans. This morning's Wall Street Journal article is blunt: "That strategy failed, and the Bentonville retail giant now is pursuing a back-to-basics strategy to reverse the company's fortunes."

The failure, in large part, can be pinned to Leslie Dach: a well-known progressive and former senior aide to Vice President Al Gore. In July 2006, Dach was installed as the public relations chief for Wal-Mart. He drafted a number of other progressives into the company, seeking to change the company's way of doing business: its culture, its politics, and most importantly its products.
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Sounds like Leslie gave Wal-Mart that same progressive result that Obama's given to America. Some people never learn.

--fleg
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