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:
Sears has been on death watch for 20 years. People’s shopping preferences change over time. Sears started out as a catalogue and grew into a chain of retail stores. However people’s desire to shop catalogues and at true department stores has waned in the last 30 years. Mall stores like Macy’s and Yonkers sell better clothing and Best Buy does electronics better. Add in the internet and sears, which refuses to change, is dying. That isn’t Obama’s fault, it’s the fault of a company with a poor business model and no creativity.
This has been in the works for many years… The only people to blame are the shoppers
Most of those stores are closing because their goods and/or services are obsolete. That’s Capitalism at its best, you commie pinko fags.
Unlike the government, businesses that fail to adapt and compete cannot stay afloat forever.
Mark all of the bad economy to Oboma brainless muslim thinking
If they had stopped selling guns they might be doing land office business right now!
And what is your resource for 11% that trumps the bureau of labor statistics which has been used by all presidents.
I’m not an Obama fan per se but it’s nuts to blame him for Sears closing. They have been in decline for decades. My family bought things there a lot when I was young but they started changing for the worse a long time ago. When my mom would call them out to service appliances, mowers she bought there they were horrible and over charged. When we took things there it was the same. They also got to where they weren’t compe$#%&!@*ive price wise and their workers were at times hateful.
Radio Shack gone….now these bandits..who’s next??
Wow, do you realize how hundreds of thousands if not millions of Americans will lose their jobs when this happens? Atlantic City is going through this on a smaller scale now. Four of the Twelve Casinos Closed and Went Out Of Business in a Nine Month Period in 2014.