They fall down, go boom! Obama economy killing businesses
BOB UNRUH
WND.com
Feb. 10, 2016
The impact of the “Obama economy,” those ups and downs attributed to the tax-and-spend policies implemented by the president’s administration, is moving further into negative territory with the announcement that dozens of additional retail stores across America are being closed down sooner than planned.
WND had reported only a few days ago on the effective retail apocalypse that was leaving stores closed and, in some places, entire malls shuttered because of the downward spiral of the nation’s economy.
At that time, Michael Snyder, a University of Florida law-school graduate, former Washington, D.C., attorney and publisher of the Economic Collapse Blog, wrote on “The End of the American Dream” blog: “Major retailers in the United States are shutting down hundreds of stores, and shoppers are reporting alarmingly bare shelves in many retail locations that are still open all over the country.”
He warned the 2015 retail lag was only worsening in 2016.
“In impoverished urban centers all over the nation, it is not uncommon to find entire malls that have now been completely abandoned,” he said. “It has been estimated that there is about a billion square feet of retail space sitting empty in this country, and this crisis is only going to get worse as the retail apocalypse accelerates.”
Most recently, CNN reported Sears, which owns the Sears chain as well as the Kmart string of stores, said this week it was accelerating the closing of at least 50 locations that are unprofitable.
The Rest…HERE
