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Apr 14, 2008

Retailing Chains Caught in a Wave of Bankruptcies

The consumer spending slump and tightening credit markets are unleashing a widening wave of bankruptcies in American retailing, prompting thousands of store closings that are expected to remake suburban malls and downtown shopping districts across the country.

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Lance Winslow

Newark, CA

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#1
Apr 14, 2008
 

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How fitting that this occurs in the waning months of a morally and ethically bankrupt administration. It's epidemic.
Puna Gregg

Maunaloa, HI

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#2
Apr 15, 2008
 

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Once again Georgie Boy MISSION ACCOMPLISHED!!!!!!

I just came back from town, I purchased 10 gallons of Diesel last Wednesday for $4.25 per gallon UP .40 cents from the week before (For you Republican Bush lovers thats ALMOST 10%).

Today, I put in another 10 gallons at the same fueling station for $4.38 (for you Republican Bush lovers thats another ~3%). At this rate Diesel will be $5.00 by the end of the month. Then $10.00 a gallon by summer, etc, etc.

Do you need to be a rocket scientist to see where this is going????

The entire country will be bankrupt soon enough...How can I justify raising my prices to just keep up with this crap....EVERYTHING IS GOING UP....WHERE DO THESE AS*HOLES IN WASHINGTON get their miserable statistics????

The cost of living they are quoting is an absolute SHAM, total BullSh*T.

Soon enough the self employed will not be able to charge enough to make any money because of rampant inflation EVERYWHERE fueled by outrageous fuel prices: Small business keep this country going, if we go down NO STIMULUS PACKAGE will drag us out of a depression.

Case in point: How many airlines have gone bankrupt in the last month?

Why do the feds bail out the largest banks, but squabble on helping the middle class keep thier homes?

Do any of you think $300 /$600 per family is going to make a crap of difference? Its costing me an extra $150.00 a week for fuel for my business....Thanks a bunch for the "GIFT".....

Now shove it up where the sun don't shine!!!!!!!!
doublelec

Detroit, MI

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#3
Apr 15, 2008
 
another accomplishment gor the bush administration. herbert hoover's younger brother.
leo from shanghai

Clinton, MO

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#4
Apr 15, 2008
 
the GAP stores may go back to using 10 year old child slaves in india to cut costs. BLOCKBUSTER & CIRCUT CITY trying to join , that should be a winner.

Joined: Apr 8, 2008

Comments: 224

Bayport, NY

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#5
Apr 15, 2008
 
he knew he could only serve two terms
Boy Scout

Jacksonville, FL

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#6
Apr 15, 2008
 

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Yea, as usual ya'll blame the idiots and the real theives keep doing whatever they want, just like spoiled children--with parents that let them get away with it.

YOU are the ones making all this possible. I'm happy as fire seeing all these businesses close, because as things get worse and worse as they must, sooner or later americans might force the Jewish media from America and all the Jewish influence sucking the marrow from the bones of this nation.

Joined: Mar 11, 2008

Comments: 93

Deposit,NY

ISP: Madison, WI

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#7
Apr 15, 2008
 
No surprise the consumer is spending his extra money on fuel and food cost. Which will keep going up until our so called government does something. But they always wait until the last second to do something to turn things around ( they hope) , but it is usually to late for most of us.
I Told U So

Minneapolis, MN

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#8
Apr 15, 2008
 
Yes. It is despicable. It is the right-wing southern protestants who are killing the country, economically.
I Told U So

Minneapolis, MN

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#9
Apr 15, 2008
 

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Boy Scout wrote:
Yea, as usual ya'll blame the idiots and the real theives keep doing whatever they want, just like spoiled children--with parents that let them get away with it.
YOU are the ones making all this possible. I'm happy as fire seeing all these businesses close, because as things get worse and worse as they must, sooner or later americans might force the Jewish media from America and all the Jewish influence sucking the marrow from the bones of this nation.
May they find YOU and burn you on a cross, KKK-er. It is the right-wing southern protestant businessmen who are squeezing every last penny from decent citizens.
Boy Scout

Jacksonville, FL

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#10
Apr 15, 2008
 

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I Told U So wrote:
<quoted text>
May they find YOU and burn you on a cross, KKK-er. It is the right-wing southern protestant businessmen who are squeezing every last penny from decent citizens.
hahahahahahahahahaha, you do the same thing as I do, only you blame Southern Protestants, people that are meek, because you are a wussie with a p.
I Told U So

Minneapolis, MN

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#11
Apr 15, 2008
 
Boy Scout wrote:
<quoted text>
hahahahahahahahahaha, you do the same thing as I do, only you blame Southern Protestants, people that are meek, because you are a wussie with a p.
A great many southerners from Florida, expecially white protestants, are homosexual. It has to do with the suspenders they wear.

This was brought out in a recent survey.
Stuff Addiction

Alexis, IL

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#12
Apr 15, 2008
 
The demise of conspicuous consumption is much over rated. People in this country are addicted to it. Stuff....must get stuff......need more stuff!
Lance Winslow

Hayward, CA

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#13
Apr 15, 2008
 

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Stuff Addiction wrote:
The demise of conspicuous consumption is much over rated. People in this country are addicted to it. Stuff....must get stuff......need more stuff!
Wasn't conspicuous consumption eradicated with antibiotics?
Keen Media Observer

Minneapolis, MN

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#14
Apr 15, 2008
 
If'n I was in retailing, I'd high-tail it. :)

“Play Nice”

Joined: Nov 27, 2007

Comments: 3617

Orlando, Florida

ISP: Atlanta, GA

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#15
Apr 16, 2008
 

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Looking back about 3 or 4 years ago, I can remember debating with economic "geniuses" on Yahoo news boards. I would relate my simple little economic predictions and they would come back with all kinds of statistics, indexes, and insults. According to them, the economy was working just fine and I should take an economics class.

I'm glad I saved my money and didn't take that class. Everything I predicted has come to pass.

As someone at the bottom of the economic ladder - call me working poor, if you will - I was the first to feel the pinch. I had to draw in my purse strings 2 or 3 years ago. Even then rising prices were hurting me.

I made the statement that those of us at the bottom of the earning ladder should be a barometer for those higher up. If I'm having a hard time, chances are economic difficulties are going to creep up the ladder and affect the next level and the next level and so on. And so it has.

I also explained that it is the consumer that keeps the economy going. Take away any of that consumer's disposable income (that which is left over after necessities are paid) and the economy is going to fall. Clothes, jewelry, electronics, home furnishings, etc... these are all things people begin to do without when times get tough. And the businesses that sell those things lose and then they lay people off and then more people don't have money to spend and then more businesses go under... it's a vicious cycle.

I'm sure the economic woes stop someone up the ladder; they eventually meet a level where cost is no object, but even the well off are paying more for the things they buy. It just doesn't hurt as much.

But even many of those who can still afford to shop indiscriminately are worried. They see the tide rising and engulfing more and more people. More and more Americans are realizing they can do without and will do without because they are concerned about their financial future. I have far more company these days than I had 3 years ago, and it's been interesting to watch my predictions become reality.

I've always thought that a rich nation was one that had money for its needed and money for extras and all that money helped keep people working and businesses operating. I don't think that's America anymore.
Boy Scout

Jacksonville, FL

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#16
Apr 16, 2008
 
http://www.afterdowningstreet.org/...
Keen Media Observer

Minneapolis, MN

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#17
Apr 16, 2008
 

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It ain't no bed of roses out there for anyone. Perhaps we should put the Boy Scout to work procuring for store owners?:)

M1W
Boy Scout

Jacksonville, FL

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#18
Apr 16, 2008
 

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Keen Media Observer wrote:
It ain't no bed of roses out there for anyone. Perhaps we should put the Boy Scout to work procuring for store owners?:)
M1W
You sa, not me sa. I want to see the store owners bite the dust, as they have hurt all of america, well, at least a majority, as their voting has registered over the years.

They will have nothing to do with the truth and the proof, because then they couldn't steal at every turn.

I laugh at their demise as every decent honest person in america should, because they teach our children to do everything for the sake of the bottom line and thus teach children to be far less than what the american spirit has taught us and tradition demanded.
Lance Winslow

Hayward, CA

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#19
Apr 16, 2008
 
Boy Scout wrote:
<quoted text>
You sa, not me sa. I want to see the store owners bite the dust, as they have hurt all of america, well, at least a majority, as their voting has registered over the years.
They will have nothing to do with the truth and the proof, because then they couldn't steal at every turn.
I laugh at their demise as every decent honest person in america should, because they teach our children to do everything for the sake of the bottom line and thus teach children to be far less than what the american spirit has taught us and tradition demanded.
Not Victoria's Secret? Surely you don't mean Victoria's Secret.
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