Is this undeniable proof that the Bush economy is the worst ever?

Question

Didn't you think that this would be the one place that wouldn't have to close stores?

http://news.yahoo.com/s/ap/20080701/ap_on_bi_ge/starbucks_closings_urgent_2

Answer 1

You should've been around for the late '70s to early '80s; makes today look pretty darn good!

Answer 2

two just closed in my town... Goody's and Bed, Bath and Beyond... not my style of stores exactly... but I think both filed chapter 11...

I'm not sure I would say "worst ever"... but worst that I can really remember... I don't remember the 70s...

Answer 3

No. It is another case of over expansion. Coffee shops are another fad similar to frozen yogurt shops.

Deciding how much to expand and where to expand is crucial to a business's well-being.

Starbucks added 3,000  new locations in just one year.

"Starbucks ...Nov 15, 2007 ... We ended the year with warming in over 3000 U.S. locations, an increase of nearly 2400 stores during the year".

http://seekingalpha.com/article/54449-st...

Answer 4

No.

Answer 5

Stores have been closing down a lot longer then Bush has been President, for any number of reasons. I'm guessing you're fairly young, but you need to check your history. Our economy is pretty good if you compare it to the Carter years, and maybe you've heard of the "great depression".

Answer 6

The US ins in an economic state known as stagflation- stagnant inflation.

This means minimal economic growth (lower than that required to absorb job seekers) and rising inflation.

The last time this occurred was under the Carter administration- which incidentally had higher growth rate than under Reagan's second term.

Carter was hobbled by the Military-industrial-congressional complex embroiled in Nixon era gun running- who sought another pliant buyable Republican to use as their frontman.

Ford was one of the few Republicans who felt they were acting against thgt National Interest.

It would appear that Reagan, Bush and Bush Jnr all favour governmental economic insanity as the world economy performed far worse under these Republicans- actually the epitome of Eisenhowers' "Iron Triangle": military-industrial-congressional complex nexus', than under moderate Repubs and the average democrat.

Answer 7

Our economy is bad and going to get worse.  Yet, there are still people that are going to say otherwise.  I really don't know what it is going to take for them to finally open their eyes and see that.  At this point, I really don't care.  

Just look at everything that has been going up because of the price of gas.  It is like talking to a brick wall when you tell some people though.  I think they are just scared and don't want to admit our country is falling apart.