Devoted to Managers and those that seek to improve their management skills

A federal judge ruled that a reckless Maryland law, created for the sole purpose of attempting to control Wal-Mart (WMT) as a company, was illegal, and struck it down.

Judge J. Frederick Motz of U.S. District Court in Baltimore found that the law violated federal law regulating employee benefits, specifically the Federal Employment Retirement Income Security Act (ERISA). "The act violates ERISA's fundamental purpose of permitting multi-state employers to maintain nationwide health and welfare plans, providing uniform nationwide benefits and permitting uniform national administration," he wrote in the decision.

Sandy Kennedy, president of the Retail Industry Leaders Assn said, "The decision sends a clear signal that employer health plans are governed by federal law, not a patchwork of state and local laws. It also is a clear message that similar bills under consideration in other states and municipalities violate federal law, as well."

All these politicians pretending they care about people because it's time for another election is sick when you think of it. The only people they would hurt if something as stupid as this would be allowed, would be the poor and middle income people that shop at Wal-Mart.

I do have to fault Wal-Mart for not getting the facts out there though; they have been far to quiet while unscrupulous people have been lying and ignoring a huge amount of facts. One of the biggest ones is that a large portion of Wal-Mart workers are part-timers and their spouses already carry insurance and so have no need of it. But we don't want something as irrelevant as facts to get in the way of stupidity right.

Thanks union and democrats for getting us a good boost in the stock. It was up $1.03 a share at the end of the day to finish at $44.20; a gain of 2.39%.