It’s been reported today that Jason Furman has joined Barack Obama’s Presidential campaign as Economic Policy Advisor. Needless to say, we find Furman’s positions on Wal-Mart disturbing.
Furman made big waves in 2005 with his paper “Wal-Mart: A Progressive Success Story,” which openly supported the Wal-Mart business model and helped the company.
Wal-Mart’s low price-low wage model has made American communities poorer, not richer. Wal-Mart drives American manufacturing overseas, depresses wages and benefits and routinely does whatever it can to dodge its city and state taxes.
Unfortunately, Jason Furman’s got it wrong.
From Walmartwatch.com
Whoever said that Wal-Mart doesn’t mostly fall on political battle lines obviously doesn’t want to admit the truth.