Friday, February 13, 2009

As the Economy Crumbles, so goes the days of our lives


In 2008, right before the Christmas Season, Circuit City closed it door for good.
Linen and Things went out of business also.
Office Max also closed stores in December.
Now Moody has published a list of businesses that will fold in 2009.
Here are just a few:
RITE AID has a large debt after trying to expand by acquiring Brooks and Echerd drug stores CLAIRS STORES- Maul outlets that catered to teens with a line of low end accessories
CHRYSLER CORP. Trucks consist of the bulk of their Auto sales.
DOLLAR THRIFTY a small rent a car company suffering from reduced business travel and vacation business
LOEHMANNS CAPITAL CORP. consumer cutbacks is hitting this retailer very hard.
SBARRO great Pizza but they are located inside malls and mall business is down.
SIX FLAGS consumer cutbacks hurting their business and forecast for 2009 are down.
BLOCK BUSTER Competing with cable and Direct T.V combined with consumer cutback.
KRISPY CREME Once again their expansion right before this economic breakdown.
SIRIUS SATELLITE RADIO low profit and reduced new subscribers is hurting their bottom line
These are just a few of the businesses that are in trouble in these trying times.
The Republicans playing politics appear feel no urgency in passing an economic recovery plan.
Maybe they think tax breaks can fix this Economic Breakdown.
I guess the only safe stocks to buy are the Defence Contractors and the Oil companies.
Nothing Changes.

2 comments:

  1. When Ronald Regan pushed the "Just Say No" agenda, I don't think he realized his followers would go so far as to "Just say no" to economic simulus.

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  2. Ronald Reagon in his best acting role as our President just showed how Conservatives in power would run our country and it's Economy. enormous deficits.

    ReplyDelete