Dirk Van did his callin portion of the show about the announcement that Walmart has pledged to buy $250 billion more in goods made in the United States over the next ten years.
Beyond the preposterous government like claim of “well, we’ll do it soon, until we don’t”, Dirk stated the reality without realizing it. Walmart now owns 25% of the grocery business in the United States with no plans to stop. Safeway just died, being acquired by Albertsons’s. In Chicago, Dominick’s just recently went under.
Food by its nature is largely domestically produced, with a few notable exceptions – like frozen seafood. As Walmart continues to grow their grocery business and open more stores, their purchases of US made goods will increase without changing a thing – but groceries are close to a zero sum market. Each customer buying groceries at Walmart used to buy them somewhere else. It won’t create any new jobs in the food making business