“another business a victim of Obamanomics.”
I disagree having been a supplier to Sears and KMart for several decades. Both companies were mismanaged for decades. Since the early 2000’s they’ve been owned by Eddie Lampert, a Wall Street “investor” who has effectively milked the real estate and cash out of the company through successive downsizing and restructurings.
Sears is the story of a once great company plundered by financial manipulators who lined their pockets at the expense of suppliers, employees and loyal customers. Consider with visionary leadership and investment the once dominant Sears catalog and mail order business could leveraged emerging technologies and millions of loyal middle class customers to become what we know today as Amazon.com. Instead the catalog business was shut down by the beancounters and the executives earned multimillion dollar bonuses by shedding the assets.
The industrialists and capitalists who built the US economy into the world’s greatest were independent visionaries and creators. The MBA’s, lawyers, and financiers who have destroyed the US economy over the past 30 years are self centered plunderers, financial manipulators, and destroyers allied with big government. Sears will be just another gravestone recording what was once great about America.
Bravo! Well said, the takers are killing the makers.
Nice post.
There is an evolution of companies like you describe.
Sears did a lot for this country.
Soul of the south, yours is an interesting post. I agree with much of it. I note further that Fed policy for sometime has aligned itself with so-called “investors” at the detriment of “Main Street” America. Obama is the latest example, but there are earlier actors, too, including many from the GOP. It is ironic, that we in “Flyover Country” have had to place our last hopes in a billionaire from the East Coast. May God bless DJT and watch over us all.
“another business a victim of Obamanomics.”
I disagree having been a supplier to Sears and KMart for several decades. Both companies were mismanaged for decades. Since the early 2000’s they’ve been owned by Eddie Lampert, a Wall Street “investor” who has effectively milked the real estate and cash out of the company through successive downsizing and restructurings.
Sears is the story of a once great company plundered by financial manipulators who lined their pockets at the expense of suppliers, employees and loyal customers. Consider with visionary leadership and investment the once dominant Sears catalog and mail order business could leveraged emerging technologies and millions of loyal middle class customers to become what we know today as Amazon.com. Instead the catalog business was shut down by the beancounters and the executives earned multimillion dollar bonuses by shedding the assets.
The industrialists and capitalists who built the US economy into the world’s greatest were independent visionaries and creators. The MBA’s, lawyers, and financiers who have destroyed the US economy over the past 30 years are self centered plunderers, financial manipulators, and destroyers allied with big government. Sears will be just another gravestone recording what was once great about America.
Nailed it
Amen and applause for Post #28.