Wal-Mart eyes super savings ... by backing Obama's health care plan


Wal-Mart is throwing its weight behind health care legislation that increases its own responsibility to provide coverage. It comes as quite a shock to Wal-Mart haters and supporters alike. What's behind the move?

First, Wal-Mart issued a statement supporting President Barack Obama's plan to provide broader health care coverage by requiring large employers to do just that. Not only is Wal-Mart publicly supporting this, but claims the Service Employees International Union and Center for American Progress as allies in the effort. Talk about strange bedfellows.

Wal-Mart's support also breaks with partisan lines and the popular belief that big business leans Republican. But corporations pledge allegiance to policy that serves their business, regardless of party. And most, when making donations, give to both parties just in case. There's no such thing as loyalty when it comes to business, except to shareholders. And that means a dedication to making money.