Costco and Wal*Mart have taken their battle into the political arena, with Costco donating heavily to Democratic causes and candidates, and Wal*Mart to President Bush and his GOP supply side cronies. It's no surprise that the two companies have taken different sides: Costco's labor-friendly policies are good for workers and good for the economy, while Wal*Mart treats its workers like crap and buys cheap manufactured goods from China.
Democrats know that you can't fix an economic recession with tax cuts for the biggest corporations and super-rich. President Bush's policies may benefit corporate titans at Wal*Mart, but they do absolutely nothing for the majority of Americans.
The theory of supply-side economics has already been proved to be nothing more than wishful thinking. You don't stimulate economic growth by giving millions, even billions, to the wealthiest people in America. It just makes no sense. You can't justify it. Why can't the majority of hardworking Americans get the tax cut? They're getting pennies
compared to what the super-rich are getting.
Costco recognizes that GOP policies aren't a good solution to our economic problems. And Costco stands to benefit from a Democrat in the White House because it has already done the right thing. As Costco CEO Jim Sinegal best put it: "I'm not a social engineer. Paying good wages is simply good business."
We think so, too. Go Costco!
Seattle P-I story: Costco, Wal-Mart duel in political arena
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