Comments on: Circuit City To Close 155 Stores, Cut Jobs

As Many As 7,300 Workers To Be Laid Off As Electronics Chain Pulls Out Of Dozen Markets

[voidmaster-2009]

Frank is running for re-election this year. Do you think he''''ll get another term in office after this disaster that HE PERSONALLY engineered?

What do YOU think???

Posted by txgrouch2007
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He will likely win reelection. Constituencies typically like their own guy, regardless how bit an ashhole he is.

Another thing that helps incumbents get reelected even when they have been naughty is the average American''s attention span -- or lack thereof.

Not so long ago, the vast majority of American citizens told their Congressmen and Senators to vote against the financial bailout. That bailout passed with as much overwhelming support from Congress as it had opposition from the people.

You would think that there would be a backlash to such arrogance. But there won''t be. And by the time the next president is sworn in, most of those who voted will have gone back to ******** about their jobs or lack of same.

[txgrouch2007]

NO MORE REPUBLICAN FAILURES WITH OUR LIVES AND OUR CHILDREN''''S LIVES!!!!!
Posted by messiahx4eve at 08:52 PM : Nov 03, 2008

Republicans do not have a majority in either house of Congress. Whatever Congress does, the Republicans didn''t do it themselves.

Whatever Congress has done in the past two years, it had to have Democrat support.

I agree, Congress has created a disaster in this country. The fact that Republicans don''t have a majority means that DEMOCRATS ARE AS MUCH TO BLAME as Republicans.

Most notable is Barney Frank, who led opposition to Repubican calls for stronger regualtion of Fannie Mae and Freddie Mac BEFORE the "affordable housing" meltdown happened.

Frank is running for re-election this year. Do you think he''ll get another term in office after this disaster that HE PERSONALLY engineered?

What do YOU think???

[voidmaster-2009]

By the way, what makes Obama''s strategies socialist are not the taxes, but the regulations. Unfortunately, Wall Street and the like have proven that regulation is necessary -- that is, if such entities are to retain their societal importance.

McCain will necessarily have to take the same regulatory approach. The greater problem is, neither of these candidates will ever get passed regulation that is effective. Such regulation would have to be so draconian that it will never clear Congress intact. What will come out will be a watered down list of dos and don''ts.

Neither major candidate has any really prospect of fixing anything with the economy. At least with Obama, there ought to be a sense of hope that could ultimately do some good. But that is contingent upon the American people seizing upon that hope and making good use of it -- long term. And their track record of doing such things long term, frankly, sucks.

[voidmaster-2009]

I think we will see much more of this. The American economy is built upon continued growth. Without it, even otherwise successful businesses will fail. The problem is, such growth cannot be sustained by a consumer base that years ago spent so far beyond its means that it is now impossible for it (consumer base) to recover without major defaults.

This cannot be fixed without suffering. It was brought on by a greedy market, unscrupulous investors and consumers consumed by an %u2018I-want-it-now%u2019 mentality (note the previously thriving rent-to-own market).

Buying on credit necessarily has to stop. One should not leverage anything beyond a house or a car. And even then, mortgages should not exceed eight to ten years -- tops and a car loan, no longer than two.

[hypnotoad72]

Reality check:

http://weblog.infoworld.com/realitycheck/archives/2008/02/the_three_presi.html

[messiahx4eve]

Remember this story when you go to vote tomorrow, FOUR MORE YEARS OF THE SAME INSANITY IF MCCAIN & PALIN GET ELECTED. Now you know why bush has stayed away from the side of insane mccain, it would be a REMINDER of the PAST EIGHT YEARS OF TOTAL FAILURES IN ECONOMIC PRACTICES. It was planned this way from the beginning of mccain''s bid for the white house. REMEMBER the past 8 years and let it sink into your head as you go to vote. Sarah Palin is a deathwish waiting to happen. Vote tomorrow but VOTE SMART. NO MORE REPUBLICAN FAILURES WITH OUR LIVES AND OUR CHILDREN''S LIVES!!!!!

[lucy-in-tx]

Uh, huh.. and if you will look at it in another way in 20-25 years practically the only stores around will be Walmart, Sam''s Club, and maybe McDonald''s.
All Walmart needs to do is sell cheap housing, have discount funerals, and sell autos to dang near corner the entire consumer market.

[txgrouch2007]

Since we haven''''t had the trickle down from the Reagan years yet, won''''t people please wise up? Posted by hennighg at 07:28 PM : Nov 03, 2008

You know, with all that''s going on today, it''s REALLY SAD that you have to go all the way back to Reagan to find something to criticize... LOL!

[txgrouch2007]

After they go out of business, who do you return your stuff to? Holiday sales are going to be way down.
Posted by iphyt4u at 06:10 PM : Nov 03, 2008

They''re closing 20 percent of their stores. The OTHER 80 percent are still open - for now.

So, you''ll just drive to a DIFFERENT Circuit City store.

Which is a bummer if you live in Phoenix or Atlanta, because that will mean DRIVING TO A DIFFERENT CITY.

Yah, holiday sales could be down in those cities...

[txgrouch2007]

The Phil Gramm Store called and left the following comments on my answering machine:

Circuit City is just a bunch of WHINERS. This recession is all in their imagination, they''re making it a self-fulfilling prophesy by taking away jobs just when people need them the most, what with the REAL economy growing by leaps and bounds.

It''s just negative bias in the news media making people THINK the economy is bad, so they stopped spending money and now they''ve MADE it bad. This show the obvious liberal bias in the news media, because it''s all a deliberate plan to make people vote against the GOP.

So in conclusion, he says we should vote for McCain and stay the course, the fundamentals of the economy are strong, and if people would just go shopping more they''d get a better job.

P.S.: Phil Gramm STILL thinks his 1999 banking deregulation bill was a good idea.

[hennighg]

Tax breaks for corporations, eh? Compassionate conservatives, ay? This Circuit City thing is emblematic of the last 8 years. Trickle down? Since we haven''t had the trickle down from the Reagan years yet, won''t people please wise up? The pocket book is not the only gauge of good leadership. However, Mr. Bush, et al, aren''t even good at that.

[nookreader]

Since the disgusting firing of Circuit City sales people, for no other reason than their wage level, I have bought over $5,000 worth of electronics....all at other stores.
I will never buy another thing at Circuit City until they make those people whole.

[iphyt4u]

After they go out of business, who do you return your stuff to? Holiday sales are going to be way down.