Re: [Dems2008] Just how bad the economy

It just comes to show you what we are dealing with now. Oil over 100 a barrel, millions in bankruptcies, People losing there homes, People losing there jobs and Bush is over in Africa having a nice time. I cant wait til he is out and we got a dem in the office that can fix what he broke. How much more can we take???

citation502 <citation502@yahoo.com> wrote:

I saw the following two paragraphs in an article today about the bankruptcy filings by Sharper Image and Lillian Vernon:


"You'll see a record number of bankruptcies over the next 50, 100, and 1,000 days," said Burt P. Flickinger III, managing director of the New York-based retail consulting firm Strategic Resource Group. "Consumers are cash and credit constrained. They're out of purchasing power."

*********


The International Council of Shopping Centers projects 2008 store closings could reach 5,770 stores in 2008, the largest number of closings since 2004. Retailers as a whole reported their worst January same-store sales in almost four decades.

LA this is station 51 clear KMG365

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