Target: Mike Duke, CEO of Walmart
Goal: Tell Walmart to stop “Buy America” campaign until the company actually makes beneficial investments in American manufacturing
Walmart has recently launched a “Buy America” program that promises to purchase $50 billion worth of domestic products over the next decade. However significant $50 billion may sound, another $5 billion would only amount to 1.5% of what Walmart currently spends on its inventory each year. Please condemn Walmart’s supposed “Buy America” program as nothing more than a marketing ploy, and tell Walmart to make a more substantial investment in American-made goods.
Walmart is so gigantic that $50 billion over ten years is likely to do very little to have any significant impact on American production and jobs. Huffington Post journalist, Stacy Mitchell, argues that since this program mostly signifies Walmart buying more U.S. food because of its rapid takeover of the grocery industry, it will actually result in lower wages. Walmart has already tried this misleading Buy America campaign in the 1980s, which NBC’s Dateline revealed to be a sham. Thirty years ago, Walmart was willing to buy domestically made goods, but only if they could be bought at a price as cheap as imports, which they obviously were not.
Walmart’s expansion into the grocery store industry must be halted, especially in urban markets since it poses a serious threat to a small, but growing localized manufacturing revival across the nation’s cities. Please tell Walmart to stop their impending takeover of grocery stores disguised as a “Buy America” campaign, and to make beneficial investments that will stimulate quality domestic production and job growth.
Dear Walmart CEO Mike Duke,
Please stop trying to market your company’s expansion into the grocery industry as the so-called “Buy America” program. This program is misleading on so many levels. $50 billion over ten years amounts to nothing substantial when accompanied with the knowledge that $55 billion is only 1.5% of your company’s inventory budget each year. Walmart may be buying America, but only an insignificant fraction of it.
This program is a mere after-effect of Walmart’s ever-growing purchase power of U.S. food. Walmart is expected to designate at least half of this not-so-new spending program on groceries, rapidly impeding on grocers’ market share. This takeover will result in no net gain in jobs and will most likely trigger a decline in wages throughout food production.
Please do not try to pass off Walmart’s encroachment on to the grocery industry as well as the locally-made goods market emerging in cities like Los Angeles, San Francisco, and New York City, as a program that serves the interests of American consumers and workers. End Walmart’s cheap marketing ploy that is “Buy America”.
[Your Name Here]
Photo Credit: Jared C. Benedict via Wikimedia Commons