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It just shows that the economy really isn't improving at all.
These stores were just holding on and the weak are always the first to go.
Your big business is laying off thousands but they can absorb it.
JPMorgan announced 8000 layoffs.
Sony is closing 20 of it's 30 retail stores in the US and announced 5000 layoffs.
I'm sure it's a combination of many things that led to the closures of both stores. But this, I can tell you: There is no recovery going on. Never has been. Obama is not creating real, honest-to-pete jobs.
And the left are dismissing this with a wave of their hand saying they don't deserve to be in business.
Hypocrisy runs on both sides my friend.
A job is a job but it's only worthwhile if your side thinks so.
Sure, "a job is job" but not all companies survive. As Rightwing type you SHOULD understand that.
You folks seem to be simply sore that your feeble attempt to score political points and argue that the economy is deteriorating by using some cutbacks as "evidence" of that didn't pan out because it was pointed out that the firm in question (ie Radio Shack) has been having problems independently of whatever the economy does.
The fact is, using some announced cutbacks as proof that the "economy is deteriorating" is simply bullsh*t when overall the number of jobs is INCREASING - and have been since 2010 (actually since 2009). Cutbacks are announced ALL THE TIME - even in economies that are humming along or even booming. As long as the cutbacks are outnumbered by new jobs created (which is the case today and for the last few years), it's not that big a deal for the economy as a whole.
Sure, "a job is job" but not all companies survive. As Rightwing type you SHOULD understand that.
You folks seem to be simply sore that your feeble attempt to score political points and argue that the economy is deteriorating by using some cutbacks as "evidence" of that didn't pan out because it was pointed out that the firm in question (ie Radio Shack) has been having problems independently of whatever the economy does.
The fact is, using some announced cutbacks as proof that the "economy is deteriorating" is simply bullsh*t when overall the number of jobs is INCREASING - and have been since 2010 (actually since 2009). Cutbacks are announced ALL THE TIME - even in economies that are humming along or even booming. As long as the cutbacks are outnumbered by new jobs created (which is the case today and for the last few years), it's not that big a deal for the economy as a whole.
Ken
It has nothing to do with "political points".
The weaker fish are always the first go to when the going gets tough.
And this is one tough economic climate in which to survive.
Going on 7 years now since the bottom began falling out in 2007.
It's not quantity but quality you need to look at.
What jobs are you losing and what new jobs are you creating.
A nation of service jobs is not going to lead us back to the "good old days".
I'm sure it's a combination of many things that led to the closures of both stores. But this, I can tell you: There is no recovery going on. Never has been. Obama is not creating real, honest-to-pete jobs.
And yet even here in little ol' Benson Arizona (a small rural ranching/tourist town) in the last 6 months a large Tractor Supply store and 2 new restaurants opened, and the number "help wanted" positions in the local paper has more than quadrupled in the last year. In neighboring Graham County, Safford has so much work at the mines that there's not enough housing in area to house all the new workers.
Funny how that's happening when there's "no recovery going on".
And yet even here in little ol' Benson Arizona (a small rural ranching/tourist town) in the last 6 months a large Tractor Supply store and 2 new restaurants opened, and the number "help wanted" positions in the local paper has more than quadrupled in the last year. In neighboring Graham County, Safford has so much work at the mines that there's not enough housing in area to house all the new workers.
Funny how that's happening when there's "no recovery going on".
Ken
You of all people should realize that pockets of boom are not indicative of the entire US.
Austin Tx is still the #1 city to move to and there are bidding wars going on for homes.
Yearly increase in values are in the double digits.
Does that mean every city is enjoying the RE bubble that is happening in Austin ?
It has nothing to do with "political points".
The weaker fish are always the first go to when the going gets tough.
And this is one tough economic climate in which to survive.
Going on 7 years now since the bottom began falling out in 2007.
It's not quantity but quality you need to look at.
What jobs are you losing and what new jobs are you creating.
A nation of service jobs is not going to lead us back to the "good old days".
Radio Shack has had problems for a lot more than the last 7 years. They've been shrinking for the last 2 decades at least and their problems have little or nothing to do with the overall economy. Overall American business are doing pretty well, with healthy profits and record amounts of cash on hand.
We will NEVER get back to the "good old days" when America was the sole source for most of the worlds' modern products for the simple reason that that situation was "artificial" to begin with because back then so much of the world was backward and underdeveloped - giving the US an unnatural (and essentually unfair) advantage over nearly every other country. That's all changed now - the old backward 3rd world nations are now longer backward and have joined the modern world and thus are able to compete with the US. NOTHING is going to change that. We will NEVER AGAIN be so "unnaturally" dominant was we were back in the "good old days" when 80% or more of the worlds population were essentially agrarian peasants. Nor did this simply happen over the last 7 years, it's been going on longer than that. The first recession of the Bush 43 era (the one after the dot com crash) had very slow recovery for the same reasons and was the source of the term "jobless recovery" because even then - when the 3rd world was not nearly a developed as it is today - overseas competition was ALREADY having a serious impact on the US economy.
Having said that, that does not mean that recovery isn't happening, merely that it's not nearly as robust as in decades past (when the US was the overwhelmingly dominant source of manufactured goods). Happily - for the first time in nearly 2 decades - manufacturing IS making a comeback here and offshoring is slowly giving way to onshoring of jobs.
You of all people should realize that pockets of boom are not indicative of the entire US.
Austin Tx is still the #1 city to move to and there are bidding wars going on for homes.
Yearly increase in values are in the double digits.
Does that mean every city is enjoying the RE bubble that is happening in Austin ?
Of course not, but MORE AND MORE are - which is why tax revenues are up and nearly all states are projecting budget surplusses in the current fiscal term. It's no longer "pockets of boom", it's starting to become pretty healthy in MOST AREAS. As I've already mentioned, Seattle is already at essentially "full employment" and many other locations are closing in on it, with the overall national UE rate not too far from that itself.
The number of metro areas with "decent" UE rates is now quite substantial:
First of all, 35 years ago my DH referred to Radio Shack as "Radio S**t". DH is a comp. professional and expects a little higher quality product than they delivered, even then.
Quote:
Originally Posted by Gurbie
I think the OP wants us to see this as signs of the long-overdue collapse of the world, brought on by the election of Obama.
Quote:
Originally Posted by HappyTexan
Or so you thought so you voted Obama into office.
Now they are getting layed off with Obama in office.
Any comment to that ?
Yes, the OP does, as do certain others. I think it's sad that people are gloating about these layoffs just to score political points.
Quote:
Originally Posted by HappyTexan
And the left are dismissing this with a wave of their hand saying they don't deserve to be in business.
Hypocrisy runs on both sides my friend.
A job is a job but it's only worthwhile if your side thinks so.
Hell, Tex, that's "Libertarianism 101". If you can't make a go of it, get out!! We don't have many buggy-whip makers anymore, either.
Quote:
Originally Posted by mrviking
Yes, dems set a precedent with blaming bush for everything so it goes both ways.
Now just a freaking minute! The RW on this board declared we couldn't bring up Bush after 12:10 PM January 20, 2009. Bush is not the president! Bush is not the president!
Quote:
Originally Posted by Gurn350
I'm sure it's a combination of many things that led to the closures of both stores. But this, I can tell you: There is no recovery going on. Never has been. Obama is not creating real, honest-to-pete jobs.
You want Obama to set up a federal jobs program?
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