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Obama forces successful supermarkets to be sold to a failing company that shuts them down
wordpress ^ | O0ctober 5, 2015 | Dan from Squirrel Hill

Posted on 10/05/2015 4:35:04 PM PDT by grundle

click here to read article


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1 posted on 10/05/2015 4:35:04 PM PDT by grundle
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To: grundle

Venezuela fast-track..?


2 posted on 10/05/2015 4:37:35 PM PDT by gaijin
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To: grundle

Everything Obama touches turns to crap.


3 posted on 10/05/2015 4:38:41 PM PDT by doc1019 (Out of my mind ... back in 5)
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To: grundle

I hope the people that voted for this jackass not only once but twice are really enjoying their life.....


4 posted on 10/05/2015 4:39:43 PM PDT by HarleyLady27 (I have such happy days, and hope you do too!!!)
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To: grundle

Forced them how? The article doesn’t say. Why is anyone in the private sector listening to this twit much less following his orders?


5 posted on 10/05/2015 4:39:45 PM PDT by katana (Just my opinions)
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To: grundle

Article is a tad light on details...

like helium...


6 posted on 10/05/2015 4:42:35 PM PDT by Popman (Christ alone: My Cornerstone...)
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To: grundle

Remember Pontiac? They were just starting to crank out some good cars before 0bama forced them GONE as part of the GM bailout. I guess the Pontiac product was just too white.


7 posted on 10/05/2015 4:43:01 PM PDT by CivilWarBrewing
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To: grundle

Sounds kind of Solyndrical in failure mode.... Throwing money into a bad bucket.


8 posted on 10/05/2015 4:43:34 PM PDT by C210N (When people fear government there is tyranny; when government fears people there is liberty)
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To: grundle

Oh yeah and all those auto dealerships were CLOSED EXCEPT the ones run by leftists.


9 posted on 10/05/2015 4:43:49 PM PDT by CivilWarBrewing
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To: grundle
It's the Chicago way.

Take control of a perfectly good business, steal it blind and milk it for all it's worth by taking out loans and stripping assets and then, when it is about to go bankrupt and insolvent, burn it to the ground for the insurance money

10 posted on 10/05/2015 4:49:10 PM PDT by rdcbn ("If what has happened here is not treason, it is its first cousin." Zell Miller)
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To: katana

Two weak supermarket chains merged. As part of the merger, they had to divest some of the stores where the former chains had competed in the same neighborhoods. Sounds like it worked out pretty well for the merged chains if some of the divested stores are being shut down, decreasing competition. The combined chains were number 2 behind Kroger in number of stores even after the divestures.

Albertsons itself almost failed in 2006 (a series of poor management decisions came home to roost), and shed a lot of stores at that time before being bailed out by a private equity firm.

Safeway was known for being overpriced with poor customer service.


11 posted on 10/05/2015 4:49:58 PM PDT by PAR35
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To: HarleyLady27

They are too stupid to understand how stupid they are. It’s very frustrating and will destroy this country soon.


12 posted on 10/05/2015 4:50:46 PM PDT by MrMarbles
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To: grundle

That is good. Let the sobs starve to death.


13 posted on 10/05/2015 4:50:56 PM PDT by sport
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To: PAR35

Doesn’t bankruptcy mean the rest of us pay?


14 posted on 10/05/2015 4:51:40 PM PDT by The Ghost of FReepers Past (Woe unto them that call evil good, and good evil; that put darkness for light..... Isaiah 5:20)
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To: grundle

Kind of a stretch that they were forced by Obama. This sort of selling of in certain markets has been going on regardless of type of business for decades. Especially prevalent as of the past 5-10 years has been cable providers.


15 posted on 10/05/2015 4:53:15 PM PDT by Fury
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To: grundle; katana; Popman

Here are the details:

https://www.ftc.gov/news-events/press-releases/2015/01/ftc-requires-albertsons-safeway-sell-168-stores-condition-merger

http://www.seattletimes.com/business/retail/haggen-wants-to-close-100-additional-stores/

Eight months from the forced divestiture by the obama administration until most of those stores were closed.


16 posted on 10/05/2015 4:55:06 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: grundle

I’m not sure that you can blame Obama if a company finally figures out that it doesn’t want to be in California and that it made a really stupid decision. Poor management decisions should have consequences. Gping from 18stores to 164 stores is like going from the kiddie pool to trying to swim the English channel. http://www.haggen.com/press-releases/haggen-expands/

Probably gave a great big golden parachute to the idiot that thought that that was a good idea.


17 posted on 10/05/2015 4:56:28 PM PDT by PAR35
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To: catnipman; grundle; katana; Popman

Here’s the money quote from the story:

“union leaders estimate that about 8,000 workers could be affected in California alone.”


18 posted on 10/05/2015 4:58:55 PM PDT by PAR35
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To: doc1019

Obozo has the merde touch.


19 posted on 10/05/2015 4:59:36 PM PDT by meatloaf
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To: The Ghost of FReepers Past
Doesn’t bankruptcy mean the rest of us pay?

Only if you were an investor or loaned them money without getting adequate collateral.

20 posted on 10/05/2015 5:00:19 PM PDT by PAR35
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