It is amazing isn't it? Yesterday, Merrill Lynch (late to the party again) issued a "sell" recommendation on Wal-Mart (WMT). What planet do these guys live on? Oh, I forgot. They are from New York City which is a place so far removed from reality that they can't judge how common people really live.

Here are some issues facing the average American worker, and some facts as to why I feel Wal-Mart is a buy;

1) Representative Walter Jones (R-N.C.) said, "Since NAFTA was approved, the United States has lost 3.1 million manufacturing jobs, and more than 10,000 illegal aliens now stream across our southern borders every week."

2) Former Assistant Secretary of the Treasury in the Reagan Administration, Paul Craig Roberts wrote; “According to the Bureau of Labor Statistics, one-quarter of all new US jobs created between June 2006 and June 2007 were for waitresses and bartenders. Almost all of the net new US jobs in the 21st century have been in domestic services."

3) On August 20-21 in Montebello, Quebec, President Bush met with Canadian Prime Minister Stephen Harper and President Felipe Calderon of Mexico to put the finishing touches on the “Security and Prosperity Partnership” (SPP) agreement, which essentially merges the United States, Canada and Mexico into one entity.

On April 22, 2001, when President Bush signed the Declaration of Quebec City in which he made a “commitment to hemispheric integration”, this opened the door for the free flow of goods, capital, and people across North American borders.

This North American Union is to follow in the footsteps of the European Union which has been met strong resistance in France, Germany and Britain.

The media (with the exception of Lou Dobbs) has basically blacked out this news from the America people, but this borderless union of the United States, Mexico and Canada continues to unfold. Oddly, most experts believe that this agreement can accomplished without ratification of the U.S. Congress or Senate.

4) Here, in the most Western panhandle of Florida, our local Lowe's (LOW) stores now have aisle signs that are written in English and Spanish.

In Summary, if;

- 3.1 million Americans have lost higher paying manufacturing jobs, and
- One-quarter of all new US jobs were for waitresses and bartenders, and
- The net new US jobs in the 21st century have been in domestic services, and
- More than 10,000 illegal aliens now stream across our southern borders every week, and
- If the hemispheric integration of the United States, Mexico and Canada is allowed to continue, then...

Where do you think all of these workers with lower paying jobs are going to shop???

Tiffany?
Coach?
Macy's?

No way! But, these people are going to shop somewhere.

Wal-Mart will gain hundreds of thousands of new customers because of lower wages for American's who have lost their manufacturing jobs, and new immigrants entering the U.S. In addition, a Wal-Mart benefit from products made from cheaper labor, and has a $10 billion dollar buyback in place.

This is a no brainer.