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Go Back   Armchair General and HistoryNet >> The Best Forums in History > Happening Now > Politics Central

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Politics Central An archive of discussions of a political nature that took place here.

 
 
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  #1  
Old 29 Jul 08, 18:07
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And Continue To Fold...

I just saw a news article mentioning that both the Benningan's franchise chain and the Mervyns department store chain are filing for bankruptcy. Bennigan's says it will shut down all of it's restaurants, while Mervyns hope to remain open.

If someone in the White House doesn't wake up and go to work, there won't be a nation to hand over in November.
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  #2  
Old 30 Jul 08, 00:59
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Does not get handed over until 20 Jan
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  #3  
Old 30 Jul 08, 03:25
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Nah. Others will take over from them.

That's the wonder of capitalism! Heeheehee

But seriously, Starbucks might fall, but someone will come in to serve the coffee. Walmart might fold, but someone else will come in with superstores. Nothing gets lost permanently.
  #4  
Old 30 Jul 08, 05:41
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  #5  
Old 30 Jul 08, 11:25
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Quote:
Originally Posted by MountainMan View Post
I just saw a news article mentioning that both the Benningan's franchise chain and the Mervyns department store chain are filing for bankruptcy. Bennigan's says it will shut down all of it's restaurants, while Mervyns hope to remain open.

If someone in the White House doesn't wake up and go to work, there won't be a nation to hand over in November.
It couldn't be that both businesses just sucked and couldn't keep up with the competition, could it? Of course not - It's all Bush's fault, right?

I mean, really...Bush must be secretly slipping tax dollars to Applebees and K-Mart!

  #6  
Old 30 Jul 08, 18:38
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I'm sorry...

Quote:
Originally Posted by MountainMan View Post
If someone in the White House doesn't wake up and go to work, there won't be a nation to hand over in November.
But how exactly does the White House have anything to do with Bennigans? Lots of restaurants are still going strong. It's the dining public who "vote" on this issue; with their $$ and their time. They didn't vote for Bennagins. They didn't have their jobs outsourced, they weren't undercut by China. I'd say it's way more likely that management mistakes caused their demise.

The President has VERY LITTLE direct impact on business. The late 90's economic environment occurred due a chance confluence of new tech factors (cheap powerful computers, fiber optics, cell phones, etc.). That would have happened if Clinton, Bush, or my mother were President.

The President can affect tax policy and trade agreements; though both will be heavily influenced by Congress. All in all, Congress has a lot more influence on the economy than the President. Especially when the Speaker of the House has the new (and totally self directed) job of "Saving The Planet". Now that should worry us all. A WHOLE bunch. But don't blame Bush because folks would rather eat at McDonalds or Fridays than at Bennigans.
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  #7  
Old 30 Jul 08, 19:07
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Quote:
Originally Posted by Ogukuo72 View Post
Nah. Others will take over from them.

That's the wonder of capitalism! Heeheehee

But seriously, Starbucks might fall, but someone will come in to serve the coffee. Walmart might fold, but someone else will come in with superstores. Nothing gets lost permanently.
You mean like jobs?
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  #8  
Old 30 Jul 08, 19:10
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Quote:
Originally Posted by Sino Invasion View Post
But how exactly does the White House have anything to do with Bennigans? Lots of restaurants are still going strong. It's the dining public who "vote" on this issue; with their $$ and their time. They didn't vote for Bennagins. They didn't have their jobs outsourced, they weren't undercut by China. I'd say it's way more likely that management mistakes caused their demise.

The President has VERY LITTLE direct impact on business. The late 90's economic environment occurred due a chance confluence of new tech factors (cheap powerful computers, fiber optics, cell phones, etc.). That would have happened if Clinton, Bush, or my mother were President.

The President can affect tax policy and trade agreements; though both will be heavily influenced by Congress. All in all, Congress has a lot more influence on the economy than the President. Especially when the Speaker of the House has the new (and totally self directed) job of "Saving The Planet". Now that should worry us all. A WHOLE bunch. But don't blame Bush because folks would rather eat at McDonalds or Fridays than at Bennigans.
What you are looking at are the overt symptoms of a failing economy, and the economy is one of the responsibilities of the president. Eight years of virtually complete neglect have led to the failure of the mortgage system, several key banks, the stagnation and depression of the economy, and now the next row ofd dominos, restaurant chains and similar businesses. Each of these failures reasults in the loss of jobs, sometimes only a few here and there, often thousands at a time. This, in turn, means less discretionary income and further drives down the general economy.

So yeah, the President IS responsible for the economy, just as he has always been. Oh, and by the way, if he can find millions of dollars to bail out a mere 400,000 home owners on a select basis, he can find the time to do his job.
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  #9  
Old 30 Jul 08, 19:56
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Quote:
Originally Posted by MountainMan View Post
What you are looking at are the overt symptoms of a failing economy, and the economy is one of the responsibilities of the president. Eight years of virtually complete neglect have led to the failure of the mortgage system, several key banks, the stagnation and depression of the economy, and now the next row ofd dominos, restaurant chains and similar businesses. Each of these failures reasults in the loss of jobs, sometimes only a few here and there, often thousands at a time. This, in turn, means less discretionary income and further drives down the general economy.

So yeah, the President IS responsible for the economy, just as he has always been. Oh, and by the way, if he can find millions of dollars to bail out a mere 400,000 home owners on a select basis, he can find the time to do his job.
More evidence of why older retired should be made into food...for Africa!
 

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