May 15, 2007
Another day, another Obama
In a town hall meeting with the AFL-CIO in New Jersey, Obama seemingly goes against the typical liberal Wal-Mart hating...
Obama said Wal-Mart's business model for managing its inventory efficiently is something "we should admire,"
...before reverting to form...
...though he quickly added that, "as profitable as they are, there's no reason they can't afford to pay" their workers a living wage.
...and making it personal...
And, he said, "I won't shop there," though he left it unclear whether he boycotts the retailer along with many union members or just dislikes their merchandise.
...which raises a personal question for his family since his wife Michelle...
...has just been re-elected to the board of an Illinois food-processing company, a position she took up two years ago to gain experience of the private sector.And the biggest customer for the pickles and peppers produced by Treehouse Foods is the retail giant Wal-Mart ...According to the couple's tax returns, Mrs Obama earned $51,200 for her work as a non-executive director on Treehouse's board last year ... She also received 7,500 Treehouse stock options, worth a further $72,375, as she did the previous year, when she banked a $45,000 salary from the company. (Note: reported by AT last year )
...but there is a perfectly good explanation...
"Michelle and I have to live in the world and pay taxes and pay for our kids and save for retirement".
...if you are a cynical politician.