Liberals will be hard pressed to tout Obama’s economic success after the retail apocalypse has been fully realized.
With thousands of stores being closed across the country, the Federal Reserve will have a hard time propping up our failed economy with QE and zero-interest polices after confidence is finally completely shattered.
SEE PAGE 2 FOR LIST OF CLOSING STORES:
Their theft policies have also helped put them out of business. Their loss prevention was always a joke.
you can thank walmart to
The republican majority senate keeps shooting down every economic based bill that Obama tries to implement. Nice try on p$#%&!@*ing the buck though.
This c**p has been a work in progress for 30+ years. Why would you blame someone that has been trying to help, but hands are tied by a majority republican Houses?
Actually there is work popping up all over China and they don’t have welfare.
You SEE this; Anna’s Linens went broke – nationwide – and now is closing all stores, including this one in Burlington, N.C.
The chickens come home to roost finally; a job base largely of nil-wage jobs just doesn’t bring many shoppers to spend much at retailers – in any industry.
“Secular stagnation” is the economics phrase: nil good-wage jobs cause nil retail-level spending cause nil production cause nil hiring for good-wage jobs; go to top and repeat.
The internet killed the mail order retail business and the travel agent business. 64 months of job growth, the greatest in US history, would have been better if Bush didn’t leave us at the bottom of the cliff.
NO Lindsys republicans could not cure a thing they had 9 trillion of national debt they spent and was out sourcing American job through trade deals
This is old news, probably from last year. (The link includes stores to close by January of this year.) The link is a tally of all the major stores closing, not just Sears. I’m glad I’m retired and not trying to survive in this economy.