Retailers going Bankrupt after the weakest holiday shopping in 40 years

[August1977]

Look at the stores, there is plenty of wealth and resources the problem is wealth distribution, industrialisation, information technology and foreign trade policies have lead to soaring competition and exploitation of labour. You exploit labour and the result is that consumption will drop and hence production. Time to reevaluate some Keynesian principles of economics.

[arzoyan]

Capitalism, Corporate or State dominated or In It together is the wage slavery of immense humanity for abstract process of Capital accumulation and concentration for the elite, 250 top corporations control over 1/3 of the world GDP. More than 3 billion workers are on 2 dollars a day. Capitalism is template of perpetual war,oppression,enviornmental destructions,animal cruelty and suffering, A dehumanising distorting minority imposition in thier inatiable drive for ever more Profit no matter what

[powergirl901]

All these precious kids and their "play dates" and private schools and expensive colleges...that is all over.

Everyone's either broke or soon will be. Move in with the grandparents, because they are the only ones with any cash.

[edengard]

It's good to see this coming and invest in Chinese firms. So glad I didn't have to take the punishment doled out by stupid American companies investing in mortgage debt on poor people in huge houses or their stockbrokers' 3rd vacation home.

[KhmerD0g]

hahahha. america is heading toward a great depression

[MarylandJuly89]

@KhmerD0g

LOL how can you find this humorous?

[KhmerD0g]

it's karma. this is what happen when u have idiot politicians running the country. you also have idiot voters vote them to office. there is a good lesson to learn from this.

[MarylandJuly89]

good point

[MarylandJuly89]

i used to support him, in till i found out who he was associated with. RP is just just as bad as the rest.

[KhmerD0g]

i take u refer RP as republic.

ron paul is a libertarian. he has no choice but to join or causus with the republican party because third party in america does not have any traction. america is two party system. ralph nadar and other political parties are irgnored by the mainstream media. when ralph nadar debates with other third party candidates, not a single media cover it, except C-Span and foreign media RussiaToday.

[MarylandJuly89]

No, when i meant RP i meant RON PAUL! HE'S just as bad as the rest

[KhmerD0g]

okay.

i meant RP as republican party.

ron paul is the lesser of evils. i don't see any politicians lesser of evil than him.

[KingDrudge]

Americans wanted a war in Iraq? Well, now your paying for it. Next time you want to prove how tough you are to the Muslim world.....try doing it without borrowing money from the Chinese.

[caganb]

The rich spend even less than the poor. I guess that's why they are rich !

[hummarstra]

We can all thank the Federal Reserve (which is neither federal nor a reserve) for this. ABOLISH THE FED.

[starlitopensky1]

70,000 store closing by Juneish...wait until Nov. 2009....

Thanks for the video. :)

[truthsabre7]

Does anyone really believe

unemployment is at 7.2%?!

[pinkfloydmoon]

According to shadowstats , Calculated the old way , THE REAL UNEMPLOYMENT IS 16 PER CENT AND RISING

[starlitopensky1]

In Michigan it is at 20%, actually greater than that.

[truthsabre7]

Michigan is already in a depression.

[starlitopensky1]

So very true.  Just wait until next year... sorry to say that.

[grasshutz]

double that figure

[chelle099]

According to the Bureau of Labor Statistics (Jan 9th)...

"In December, the number of unemployed persons increased by 632,000 to 11.1 mil-

lion and the unemployment rate rose to 7.2 percent. Since the start of the reces-

sion in December 2007, the number of unemployed persons has grown by 3.6 million,

and the unemployment rate has risen by 2.3 percentage points."

The Employment Situation for January 2009 is scheduled to be released on Friday, Feb-

ruary 6, at 8:30 A.M. (EST).

[WOLF333999]

It's just the beginning.

[gow75]

I cant buy shit, just lost my job, debt that i cant pay, this going to get really bad, my wife may have to have her car repossed because it is just too much.

[bar730]

Must be great to be wealthy right now.Everything at half price including our land.

[ilikeicecreamandcake]

in a away its good. americans can realize they can live happily without more clothes, gadgets and sneakers and piling on debt.

[vdubs4life1964]

I'd love to see the graph on silver and gold bullion sales for the last 6 months..

replace that paper with real wealth.

[ilikeicecreamandcake]

first viewer.