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Is the economy improving? The administration says it is. So, just where does the government get the information to support such claims? I think that is a fair question.

The reason I ask the question is because almost every day I either read about or hear about another company either going out of business or downsizing. So, let’s look at the facts.

On January 21, 2012, Ryan’s Steakhouse announced plans to shut down 81 restaurants.

On March 29, 2012, Best Buy announced it will be seeking an $800 million cost reduction by shrinking its stores by 50 and eliminating 400 corporate positions.

On March 30, 2012, Sears Holdings Corporation, parent company of Sears and K-Mart, stated that because of being cash strapped it will likely sell its Lands’ End brand. Sears said it hopes to be able to raise about $2 billion in cash. The holding company had previously announced plans to close a number of retail stores.

On April 2, 2012, Pinnacle Airlines Corp., a carrier that provides regional flights for Delta Airlines, Inc., announced it had sought bankruptcy protection.

On April 2, 2012, AFA Foods, a ground beef processor filed for bankruptcy because of the uproar over “pink slime.” I wonder if unfounded comments by the government about the food product contributed to the filing?

On April 2, 2012, Solar Trust of America LLC, and several affiliates filed for bankruptcy. Supposedly no taxpayer funds were involved.

On April 5, 2012, Yahoo announced it is laying off 2,000 employees.

The above information does not seem to jive with the administration’s claim that the economy is improving. Major businesses across the spectrum are either cutting back, selling assets, or filing for bankruptcy.

Another puzzling factor is the continued low (relatively speaking) unemployed numbers being released by the government each week. How is it possible that as companies close or cut staffing the unemployment numbers either remain steady or drop?

Could it be that we are all getting a “snow Job?”


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