Wow. 47 Major Retailers Announce Closing of 6,000 Stores Across the Country

http://conservativetribune.com/major-retailers-closing/

You’ll never hear the Obama administration pass on an opportunity to gloat about the miracles they think they’ve managed to pull off over the past seven years to get America’s economy back on track.

The only problem with that is, it’s not remotely true. Somehow, the spin doctors at the White House always manage to cherry pick rare instances of economic improvement and turn them into something much bigger.

Expect to see more storefronts closed at malls across the country,” one retail watcher told WND. “It’s getting ugly out there.”

So what else is the problem? For one, Americans are maxing out their credit cards far too early into the year and some of that can be blamed on higher health insurance costs (thanks, Obama) and rising taxes (thanks, Obama).

Retail watchers expect that lower middle-class and poor neighborhoods will be hit hard by the closings. Situations like the Baltimore race riots only make retailers more skittish about expanding (H/T WND).

These big retailers closing their doors means thousands of lost jobs, if not more. That starts the economy on a wicked downturn that will require strong fiscal leadership in the White House.

Hopefully we’ll have some of that by the start of 2017.