Weak ObaRecovery: Wal-Mart touts $98 flat screen to lure shoppers

Weak ObaRecovery: Wal-Mart touts $98 flat screen to lure shoppers

Price tag“All hat, no cattle– Cowboy adage for an empty suit

Bloomberg.com reported on Nov. 19, 2013 what they refer to as “the weakest holiday shopping season since 2009. ”

So anemic is this year’s forecast for retailers that Bloomberg notes that in a bid to draw more shoppers to their aisles, discount giant Wal-Mart is slashing the cost by a third of a 32″ flat screen television to $98, down from $148 last year.

To hammer home the point, Bloomberg.com emphasized what other retail powerhouses have up their collective sleeves to attract shoppers:

  • “Sears Holdings Corp. has waived layaway fees and its Kmart chain is introducing a rent-to-own program.”
  • “More than a dozen retailers are opening earlier, or for the first time, on Thanksgiving Day.”
  • “Among the attention-grabbing stunts: a $1 million jackpot for one of the first shoppers to visit Gap Inc.’s Old Navy chain on Black Friday.”

The Obama Effect…

Amazingly, 2009 — the first full year of Barack Obama’s presidency — was also the beginning of the American Recovery and Reinvestment Act, aka: “The Obama Stimulus Plan.” Almost $1 trillion later, the American economy is in real danger of being overtaken by China as the world’s economic superpower.

To paraphrase Greg Gutfeld of Fox News, “Obama promised us a robust economy, he just forgot the ro.”

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T. Kevin Whiteman

T. Kevin Whiteman

T. Kevin Whiteman is a retired Master Sergeant of Marines. He is the founder of the blog Unapologetically Rude and has written for Examiner and other blogs.

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