CNBC predicts a “tsunami” of store closings; as many as 1/3rd to 1/2 half all retail outlets will close in the next five to ten years.
Under the economics of Obamunism, this is *fantastic* news. First of all, most retail positions don’t pay a “living wage,” so… who needs those jobs, right?
Also, tens of thousands of people will go on unemployment, which, according to prominent Democrats is the best form of stimulus there is. (Much better than the Republican alternative of creating private sector jobs.) So, if we can just get unemployment numbers up by a few more million… the economy will be booming. /Democrat logic.