LOS ANGELES (CBS) —  More stores across the U.S. that offer deeply-discounted products are seeing their sales decline after years of growth amid America’s “Great Recession” — and one analyst said on Monday it’s another sign of even deeper downturn.

While the demand at stores like the 99-Cent Store or Dollar Tree is still relatively high, the biggest chains in the nation have fallen short of Wall Street’s expectations for several months, a trend that may prove even more ominous for the economy at large.

“I think what’s going on in those stores is that we are in a depression for 80 percent of Americans,” top retail analyst Howard Davidowitz told KNX 1070.

America’s three largest discount chains — Dollar General Corp., Family Dollar Stores Inc. and Dollar Tree Inc. —  all recently missed their quarterly earnings targets.

Davidowitz pointed to the weakness of the dollar and a gloomy consumer outlook as some of the factors behind the stores’ slump.

“In those stores, somebody comes in with $12 to do all their shopping,” said Davidowitz. “The person who used to come in with $12 now comes in with $8.”

“In other words, the economy is continuing to be worse, the Obama depression continues to explode,” he added.

Analysts say rising food and transportation prices are likely eating into the profit margins of discount stores, which risk driving away price-sensitive customers with any potential price hikes.

Core customers at most U.S. discount chains typically have a household income of $40,000 or less.


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Comments (315)
  1. Bonnie says:

    Not buying this for one second. The 99 cent store where I live is jammed no matter what time of day I go. People have to shop somewhere, and this is the cheapest place for certain items. Don’t belive everything you read folks !

    1. Chief568 says:


      You can buy it or not…but the point is that EVERY store is hurting for sales. This Depression we are in is NOT getting any better. The ONLY reason the stock market went up is because stimulus money went to the larger banks, etc…and it did NOTHING to fix the economy. The “tax cuts”, which were NOT cuts but simply a continuation of the CURRENT tax levels, only helped businesses MAINTAIN the employees they had. Businesses are NOT hiring…nor will they…as long as businesses are AFRAID. And they are afraid because of the looming costs involved with Obamacare. It’s just that simple.

      1. E Plummer says:

        You need to listen to what the man in the article is saying! Obama has taken this country into a worse position than where he found it. People are only spending on what they HAVE to have. They are spending the rest on gas and higher household epenses.

        So whether you buy it on not, the dollar stores don’t charge admission, there can be many many people in there, sales is what counts.

        We are in trouble as long as Obama is in office, he needs to go back to community organiziing.

      2. George Taylor says:

        Chief568 – I agree with you – I don’t know of any business in the priviate sector that is not experiencing a down-turn. You are right on the money about why businesses are not hiring – looming tax increases and OBAMACARE – has most businesses holding on and not considering hiring additional people. This trend towads socialism/communism must end and the country must elect new political eadership that is not anti-free-enterprise if we are to get out of this recession.

      3. Tim says:

        I guess your a egg came before the chicken person. Last time I checked the economy was tanked while Bush was in office, Obama inherited the mess.

      4. orb says:

        You people are rediculous. The reason business’s are not hiring is because the economy tanked while Bush was in office and no one is buying anything with the the money they don’t have.

        Put down your banjo, turn off Fox, Limbaugh and the rest of the BS and be real for once you mental midgets

      5. Fanny Forbes Franklen says:

        Welcome to OmeriKa and you’d better like it. The real unemployment figure is over 20%, inflation is over 10% and we are in the 3rd year of the Obama depression. Can you feel that hope and change? We can.

        ————- http://911essentials.com

      6. Bonnie says:

        High end stores are suffering, not dollar stores. People can at least afford to buy basics there. If they’re not shopping there, then where ARE they shopping ? They have to eat, and it isn’t going to be Whole Foods ! Where I go, the lines are out the door and every checker is being utilized.

      7. Brian says:

        First point, ORB..it is ridiculous, not rediculous. I’ll just gloss over the facts that someone who doesn’t know how to spell is most likely not the person to be spouting economic opinion. Second, these stores are MISSING EARNINGS, not necessarily REVENUES. You see, when the dollar goes to sh%#, things COST MORE to purchase for businesses which in turn pass the increase on to you and me. When you have a name like DOLLAR STORE, it’s hard to charge 1.19 for something that used to be sold at a buck for a decent profit, yet the cost of inventory increases due to the falling dollar. This drives up the cost and the business can’t easily pass it on to the buyer because they are pinned at the dollar price.

        People need to start paying attention to the value of the dollar. When our government prints more money with no real asset behind it the dollar is worth less, soon to become worthless.

      8. Bill Harness says:

        Hello E Plummer, George Taylor, Tim, and top retail analyst Howard Davidowitz

        Obama’s Depression? Stop thinking, acting, and behaving like a bunch of morons. All of you sound like most any news analyst on most any news channel these days. If you don’t like how things are, then do something about it. My only thoughts for you morons to ponder are: this is not Obama’s or Bush’s Depression…it is America’s Depression, and let the people of America vote directly on all important issues. The politicians we have elected do not represent the American people, so let us bypass those morons. Put Afghanistan, Iraq, Libya, military spending, entitlement spending, fiscal policy(including bailouts), and all other important issues on a nationwide ballot. Let us all call for an American People’s Election to decide the important issues of our country.

      9. Jim says:

        Tim and ORB I agree with you. The recession started on BUSH’s watch. Another note, Bush and all of the similar wealthy people have not really been affected by the economy. The top 1% or 2% wealthy of the country are hurt by the downturn and in the long run will actually make more money from it. This money will be passed on to the family and continue the same greediness and no human compasssion for the rest. A note regarding the stalemate in the current debt ceiling/deficit talks; I hope Obama sticks to his guns and forces the republicans to compromise on the tax breaks for the wealthy. The republicans defense is that it won’t create jobs by taking away the tax breaks, but how long have the rich had those tax breaks…….. at least four + years and why is the unemployment rate still high and the economy slow to return. If these tax breaks were so critical to job creation, then what’s going on!!! Again it shows the rich do not use these tax breaks for hiring mega employees; they use it for themselves!!!!! If the rich and big business were the driving force of the economy then why is are economy still slow to return? THE WORKING AND MIDDLE CLASS ARE THE DRIVING FORCE OF THIS COUNTRY. When there doing well they spend on everything and that creates business to expand and hire, thus the country and economy does well. GO OBAMA!!!

      10. John says:

        That’s a lot of BS Bonnie and you know it. Businesses are not selling because the banks have all of the money and no raises given to workers for YEAR$!

        This has more to do with BUSH charges and now the bill has arrived. What a bunch of whining bores to blame Obama for Bush’s failings!

    2. Phillep Harding says:

      Bonney, how many people in that dollar store of yours used to shop elsewhere, and can no longer afford to do so?

      We had a crash in 1920 but the gov did not ride to the rescue and we recovered so quickly that it’s left out of most history books. Another crash in 31, and the “rescue” destroyed the economy for 10 years. The governments rode to the rescue in this last crash. How long is this depression going to last?

      1. AnyoneButObama2012 says:

        It will be a 20 year depression, or close to it.

      2. Bruce Brinkmann says:

        Also, most of the shoppers at these extreme discount stores can’t just say charge it. Most have no credit or don;t want any. If you don’t have the cash then you can’t afford it. Or like my dad used to say “buying on time means, getting to the store before it closes”. He was a good man.

      3. Kingfish says:

        It may also be the fact that people are starting to realize most of it is Chinese junk, made with slave labor.

      4. Truth teller says:

        Not really, 1933 the FED ban private ownership of gold, maybe you should do your history before opening your illinformed mouth.

      5. JT says:

        You can try to rewrite history all you want, but the crash in 1920 is not like the crash of 1929. Anyway, the New Deal helped people find employment and have some security, and Obama could do more, but he is always catering to the conservatives. This is not an Obama depression, and anyone using that word is probably being paid by a certain organization to comment on this article.

    3. Sniffit says:

      Excatly. Especially don’t belive this is the “Obama Depression” nice racist slant ther GOPCBS.

      THe vast majority of Americans know this is Bush’s Depression and those who don’t are drinking the GOP KKKoolaid

      1. JT says:

        HA!!! This may be the funniest comment I have ever read.

        Racist slant? Ha!!
        GOPCBS? Ha!!

        Please explain what Bush did to “cause” the “depression”…

      2. Gerald Carter says:

        Two unfunded wars; Tax cut to the Rich during war time; Tarp; Auto Industry bailout; Medicare D; Housing Crisis; should I go on?

      3. Back at Ya says:

        You got everything right about Obama and the Dems except the first one: He has THREE unfunded wars (Libya, which is also flat-out ILLEGAL because he’s not received congressional approval…like Bush got with the first two, which are now also Obama’s.

      4. Harpotoo says:

        So that’s you excuse? That Bush raised the deficit so OBungo can raise it four times as much and that makes Obungo a great Prez in your eyes so much so that you’ll PROUDLY vote for him again?!?! Smok’n the Dope!

      5. Gerald Carter says:


      6. Back at Ya says:

        Then how come Obama is utterly tanking, politically?

        Sorry, your post was written the way you WISHED politcal reality was…not the way it really is.

        Your guy Obama is cratering, and there’s nothing you can do about it.

      7. truth says:

        caps lock = fail

      8. American says:

        gerald …………. obviously, sucks to be you ……….. the typical member of the obama mob of America haters

        nothing like demonizing the real Americans and spouting the obamalies

      9. J0nx says:

        Nope sorry lib. Obama owns it now. He had his chance to institute change and right this ship and he got on bent knee and started felating the banksters instead. Things were pretty messed up when GW left office but Obama had at least a year to do the right thing and he chose the banksters over you. The sooner that you sheep can accept that he does not like you or represent you then the sooner we can take our pain and muttle through the inevitability of at least a lost decade thanks to banksters and corrupt politicians like Obama and others like him.

      10. jp says:

        racist? Seriously? I mean, do you guys ever try out another meme?

      11. fleabagger for obama says:

        its all they got.

      12. Facts and Reality says:

        NIce try, attempting to protect your fallen angel Obama from the outright DEPRESSION that HE now owns.

        BTW Obama himself is a racist, and if you voted for him just because his daddy was black and you had something to prove, then you’re racist too…same as if you voted AGAINST him for the same reason.

        Your guy Obama’s toast.

      13. the other ken says:

        Things started to fall apart after the Dems gained control of both houses in 2006

      14. JustAGuy says:

        How true! That’s the fact that everyone ignores! On purpose!

      15. Jadams76 says:

        We have now officially “jumped the shark” on the racist charge thanks to your comment . Congratulations!.

      16. Taipan2900 says:

        CBS belongs to your side…Not the GOP..Nice try

      17. Lighthope says:

        > Especially don’t belive this is the “Obama Depression”
        > nice racist slant ther GOPCBS

        It isn’t racist to call it an Obama Depression because calling it such has nothing to do with his race.

        But it is racist of you to think it was.

      18. Jim Phelps says:

        Sniffit what are you sniffing? This mess started with the democrat controlled filibuster proof house of reps and senate from Feb 2007. Yes that means at the time Senator barrack obama is to blame! As for your idiot approach to try to change the past and label the GOP as KKK. News flash KKK was founded and funded by the democrats to put a stop to the republicans for their actions of freeing the black man, making the black man a full citizen, giving the blacks the right to vote along with giving women the right to vote.

        So sniffit as the saying in the service goes, pull you head out of your as$. This Obama depression is caused by obama.

        as long as obama is in office America is doomed

      19. Jim Phelps says:

        Sniffit what are you sniffing?

        This mess started with the democrat controlled filibuster proof house of reps and senate from Feb 2007. Yes that means at the time Senator barrack obama is to blame!

        As for your idiot approach to try to change the past and label the GOP as KKK. News flash KKK was founded and funded by the democrats to put a stop to the republicans for their actions of freeing the black man, making the black man a full citizen, giving the blacks the right to vote along with giving women the right to vote.

        I bet you think Martin Luther King hated black as well since he was a republican, Know what you are talking about obot.

        So sniffit as the saying in the service goes, pull you head out of your as$. This Obama depression is caused by obama.

        as long as obama is in office America is doomed

      20. gates1588 says:

        The cause of this economic malaise is purely demographic. 80 million baby Boomers only had 40 million kids. The consequences in a consumer based economy are massive. And now the Boomers are turning into retirees that only buy food socks and underwear. Add the fact the boomers are leaving the tax-paying part of their lives and government at all levels is losing funding. The only cure is the passage of time. It does not matter who is President, or which political party has a majority. Things can’t get better until Boomers start dying off.

      21. fat nat says:

        your a jack a** get over it the president and his little peons have no idea what their doing and you know it

      22. discovega says:

        Like it or not, this the “Obama Depression” every thinking person in the world knows this…only a fool denies this fact.

      23. alien5 says:


      24. iwahstore says:

        Can we please stop blaming Bush and Obama for the mess the country is in and just concentrate on getting things done to promote the economy. America is sick and tired of the “blame game”. We need action and we demand it now. We need a budget (we have not been operating under one for over 800 days) and the debt ceiling crisis did not just come up. If those in Congress cannot get their act together quickly, then we will vote those bums OUT and put in people that can.

      25. Edgar Friendly says:

        Why is it you people always bring up racist things like the KKK? “racist slant”…you are the racist. No where in the article does it mention skin color fool.
        First of all, if you knew real history, you would know that democrats started the KKK.
        MLK was republican – the civil rights legislation was passed by republicans.
        Now, forgiving your ignorance, your democrat leader Debbie whatsername-schultz one month ago said “we own the economy”…”we”, as in democrats, obama, YOU.

        Your political and historical knowledge gets the same grade as your education: FAIL.

        but I suppose that’s racist too. Everyone disagreeing with you is racist. In all 57 states. And all the news corpses.

        (tip to Dr Pepper)
        “I’m a racist.
        He’s a racist.
        She’s a racist.
        We’re all racists.
        Wouldn’t you like to be a racist too?”

        A wasted mind is a terrible thing.

      26. lyn says:

        Correct this is actually a Clinton recession, once the fawning all over the newness of the internet, Y2K, and the housing bubble caused by Clinton relaxing the rules so banks were giving to people with no variable income, people not even legally in the country, and recommending that you take a couples combined salary and could get them a loan at 50% of that with no down payment we were doomed. In 1997 it was projected to be crashing down by the mid 2000’s, it was already starting to happen, Bush may not have done much but Bush also didn’t control the senate or congress after his first term either and during his first term he was dealing with the aftermath of 911. Under Obama gas prices doubled and in many cases even getting a simple head of lettuce and gallon of milk did as well along with people losing their jobs. Now comes a mandate over healthcare not even an option open to everyone where people can receive healthcare at a reasonable amount and not get turned away for having a preexisting condition, but a mandate meaning you have to have what they feel you should have or your risk penalties by the IRS, this is causing insurance and everything else to go up. I won’t even get started about how I actually think a country like China of all places has their healthcare correct, but that is less profit driven and as long as big pharma and fast food is around that won’t happen here.

        Disagreeing with Obama hardly makes one racist, but the fact that you Sniffit can’t handle an adverse opinion against someone you obviously approve of does. Do you realize that under Bush more minorities became first time home owners only to have it stripped away under Obama?

        Sadly neither party truly care about middle income or small business. Instead of bailing out banks and other big business and handing another big business a ticket to increase their rates over 20% in many cases yes I’m speaking of the Insurance industry, they should have been helping middle income and small businesses more, maybe with student loans or grants to encourage display workers to try to start something, anything to finally help middle income and small businesses since they are the back bone of the country and the one’s that pay the most in taxes and get the least breaks.

        And another section this is hurting big time is the college students and elderly, those with limited income either because they are trying to study to enter into society as a functioning adult or because they have already been there and deserve to now retire and with gas and food prices they too are having a hard time even going to the dollar store to get some small incentive. Obama came in saying he was going to make all these changes and the only thing he has successfully done is allowed food and gas prices to continue to rise and insurance companies to nail everyone thanks to his new law that as Pelosi kindly put it you had to vote on the 2,000 page bill to know what is in the bill, huh, shouldn’t you read it first then vote on it? I don’t like either party, and I blame both parties for this mess but that doesn’t make me a racist, remember Obama is half white.

      27. truth says:

        obama and bush are exactly the same. You cant describe one without the other. Wake up Sheeple.! There isnt a left or right and there never was. for everyone that is blaming one president or the other you sound like you are descibing the same guy. the guillotine is just about in place over all our necks.

      28. Sniffit says:

        Wow look at all the Goppers copy and pasting what Rush Limbass told them too.

        So full of factual errors and ad hominem attacks by claiming I called them racist.

        I’m sorry but I didn’t. But if you want to bring that up, then I guess you are the racist ones.

        It is FACT that most Americans put the economy’s problems as due to Bush and his doubling of the deficit (note: Obama has come nowhere close do doubling it since 2008).

        You crybabaies are just said that after Obama caught Bin Laden his approval went back to the high 60s


      29. Bdoxx says:

        This depression has little to do with Obama or G.W.Bush. It can be blamed almost entirely on short sighted and irresponsible business practice by U.S. corporate leaders over the last 20+ years. Unable to see past the next annual or even quarterly earnings report, they have gutted the U.S. manufacturing base and shipped it overseas putting millions out of work and crippling US tax revenue. Cutting the corporate tax rate has infact created millions of new jobs.. in Mexico, China and elsewhere but not here. Time to pay the piper.

      30. Bonnie says:

        That’s right ! How long did it take for Bush to finally admit that the economy was in bad shape ? If I recall correctly he was in total denial saying that there was nothing wrong with the economy. Talk about stupid !

      31. John Breland says:

        My confidence is always inspired when people drag out the tattered old race card, especially when race is not even the subject. It means they’ve already lost the argument and have nothing else meaningful to say.

        Sniffit, has it ever occured to you that people might actually disagree with your President on policy grounds? Seems that when it comes to making distinctions based on race, the Left has a monopoly these days. Maybe that’s instructive about who qualifies as the real “racists” in the room.

      32. bigtimeliberal says:

        i thought the fools only posted on huffpost /aol. i guess when your a lemming and the piper says the same ole thing over and over your eyes glaze over and you keep blaming bush . the only so called americans that believe it isnt obamas depression are a small minority

        ask your friends and neighbors are you better off now than you were before obama took office. only the lemmings will continue to say with glazed eyes yes, yes yes master yes.

      33. AnimalFarm says:

        You lose your stupid argument when you pull the race card, you Obamatron. The “Bush Depression” started when the demonrats took over congress in 2006. Bush did too much of what demonrats do, like expand the size of government, give out “freebies’ (remember the $600 stimulus?), signing stupid energy bills, create the TSA. Had Bush been a true conservative, instead of trying to out-democrat a democrat, people wouldn’t have been furious in 2006 and put demonrats back in charge as pay back. Of course, one can cut off his own nose to spite his own face. We went from the frying pan to the fire. Frank and Dodd are responsible for the housing and loaning disaster. Bush brought up the problem in 2004 and Frank had a cow, screaming that Freddie and Fannie were just fine. Obama has put a recession on steroids and if it isn’t a depression it sure is a double-dip recession, with no end in sight, no hope of it getting better with the Obama Regime in charge, which is doing all this damage and destrucion by design, on purpose.

      34. AnimalFarm says:

        Sniffit said, “(note: Obama has come nowhere close do doubling it since 2008)
        Damn right, Obama has quadrupled the deficit in just 2 years from what Bush had increased it in eight. Whatever you’re sniffing, put it down… not that it will matter much, liberalism is a mental disease.

      35. tomtheplumber says:

        You live in a fantasy world “sniffit”. And what exactly is it you sniff, cocaine? Like your Messiah Barry? Barry has been in control for 2.5 years now and has made matters worse. He had no experience that would qualify him to lead the greatest country in the world and he’s blowing it with his oppressive policies. I believe he’s doing it ON PURPOSE. It’s no longer Bush’s recession, so stop pointing your booger laden fingers at everyone else like liberals ALWAYS do. Time to man up and take the blame!

      36. Sniffit says:

        wow animal farm you sure know how to fail

        National Debt pre Bush: 5.8T
        Post Bush: 11.9T = just over DOUBLE

        current Debt: 14.5T = increase of only 22%

        WHOOPS. Facts win!

      37. tomtheplumber says:

        lyn, you are abso;utely correct!!! Hear it in Clintons own words…..

      38. Lyn says:

        Yes Tomtheplumber the 90’s were a good time with new technology and way too loose loans, we are still dealing with the aftermath and finger pointing. I believe it doesn’t matter what side was in there if you have technology then big businesses allowed to have visa’s to hire other workers, then ship jobs over seas like manufacturing jobs and make tons of law making it hard for small businesses to be in business along with what they have done to small farmers, you will continue to have this mess. No politician can make a job, that means taxpayer funding. They should encourage local grown small business that will hire from the community and then we have a chance of recovery. And if they encourage local farmers that helps the economy and environment as well.

      39. Jim says:

        This is not Obama Depression. The recession is a result of Bush, his staff, and the greedy private corporate world. Bush turned a blind eye to what was going on in wall street and all the corupt financial institutions. Bush did not enforce the regulations and oversight that were in place to these institutions/process by the Clinton administration. Bush is the one to blame and will go down as the worst President in modern times. OBAMA for a 2nd Term!!!

    4. Bill spill says:

      Read the article again. They are hurting because people that would normally come in with 12 dollars, are now spending only 8. So if store is jammed or not, that’s not the issue, the issue is how much is being spent.

    5. Kate says:

      The store may be crowded, but how much are they buying? If they are like everyone else, they’re buying less. Check what they’re leaving with. That’s what this guy is saying – customers are spending a third less.

    6. marquis56 says:

      not buying what, the writer said that people who used to spend twelve dollars now only spend eight dollars because they don t have the other four dollars or it went to put gas in there car or food on there table. why are you jumping down his throat, you can still have a lot of people with less money, oh wait isn t that obamonics, me thinks that you seeing this as an attack on the chosen one,

    7. Erik Olson says:

      I spent a lot of time and money in my local dollar store and other low price markets starting in 2007 and peaking in 2010 — I’m starting to spend more of that money in regular grocery stores, and even upscale stores. On a more macro scale, earnings reported by supermarkets like Publix and Morrison plummetted in 2009 but have been steadily on the increase.

    8. War Planner says:


      ..can’t top this! Won’t even try! Good job!

    9. Widow10 says:

      And, why, pray tell, should we believe what you are saying? At least the story has sourcing behind it to back it up.
      Time to replace America’s present CEO period.

    10. MichaelH says:

      So you see the stores jammed…do you also see what’s happening at the cash registers?

      Do you get one, or two gold stars for sticking up for Obama?

      1. Amy Sterling Casil says:

        I think Bonnie’s application for redistributed income is already complete and she’s waiting for her Obama Dollars to shop at the Dollar Store where she lives. I’m sure she’ll like all the choices she is offered. Like Soviet “pine flavored” gum, wood-flavored gummy bears and grass jelly. She can pick up a one-size-fits-all plastic rain poncho . . . oh wait! Who needs that – with global warming and all, it’s never going to rain again.

    11. Realist says:

      Actually retail stores are doing relatively well.
      All the right wing dupes all full of false “facts”.
      Businesses are not adding help because they don’t need them. With increased demand they will hire. How to get increased demand? Increase the disposable income of the poor and middle class who immediately spend the money creating demand and jobs. Will a tax increase on the wealthy to more historical rates (when the economy was doing well) will NOT hurt the recovery. The wealthy merely invest their money where they will get the best return, think BRIC countries. The uneducated tea baggers have been recruited my the wealthy and those they own to protect their wealth and power and the expense of the Country with lies and false fears. They trow around terms like “Socialism” without even understanding the concept.

      1. Jack Kennedy says:

        sucks to be you …………… one of the obama mob of America hater, out to defend obeyme

      2. babysitter says:

        You are the one without a full grasp of economic concepts.

      3. lukuj says:

        Are yu living in the world of reality? Talk to store owners. Unless you live in a utopia somewhere, they will tell you sales are down. Many have cut hours, laid off workers, or didn’t hire the summer workers they usually hire. Talk to the teens who couldn’t get their summer jobs back this summer. You are believeing the pap that comes from the mainstream media and Obama administration.

      4. Realist says:

        I didn’t vote for Obama I voted for McCain whom the right wingers torpedoed.
        I also voted for both Bushes and Nixon. But I think for myself. Any fair minded person can see Obama is making rational attempts to fix the economy if only for reasons of self preservation! The crazy hateful comments about Obama attempting to destroy America are lunatic and unamerican. These crazy assertions are the real danger to America.

      5. a REAL Realist says:

        Dissent is ‘unamerican?’

        Come on.

      6. Scott says:

        you have no clue of what you are talking about- here are some economic FACTS for you coming straight from a guy who just sold his 10-year-old business because of all of the new red tape this clown has added. Businesses operate under what is called “rational Self-interest”. In other words, they operate to make a profit for themselves and their share-holders. It doesn’t make ANY sense to take capital from entities that already aren’t hiring because the demand isn’t there and give it to consumers who not only didn’t EARN it, but will also SIT on it in the form of savings which has been the trend through this depression- what you are proposing is a vicious cycle that is a historically PROVEN failure? The only way to grow the economy is for government to get the hell out of the way and allow businesses to operate just as they did during economically good times. By the way, the concept of Socialism pivots on the cornerstone of central government planning- with the new Federal Health Exchanges and new regulations on private industry are you actually saying that is NOT what the Obama administration is attempting to do? Combine that with the fact that he is LITERALLY SAYING that he wants to redistribute wealth (shared sacrifice of the rich) and that proves that YOU are the one who has no idea of what Socialism is.

      7. va says:

        What a load of dung. Since 2006 when the dems took over congress and the GOP started cowing to their demands even earlier than that when they started losing seats, this country went from very prosperous to the utter failer it is now. You guys had your chance; now it’s time to move out of the way and let the big boys take over.

      8. Scott says:

        yep- everyone forgets about 2006- the Republicans turned over congress with a 4.7% unemployment rate. I wrote this number down when it happened, because it stands to reason that a bunch of people who not only do not understand basic economics, but also don’t understand the meaning of THEFT would ultimately give us the current economy we have now. Common sense said this was going to happen….

      9. Victor Rodriguez says:

        So eloquently put yet so incorrect. If you think a socialist country is the way to go then how about you move to one and leave this one to all the uneducated conservatives. Can you please name me one socialist country that is prospering and the majority of the population is happy to be socialist? Remember, in these countries the media is controlled by the state so naturally everyone is happy in North Korea according to the North Korean Government. I don’t even know why I bother because Liberals are allergic to facts and don’t want to hear them.

      10. Scott says:

        I wouldn’t call it eloquent Victor…he’s using 6th grade language to describe 8th grade economic logic at best… I have to agree with you- there isn’t ONE Socialist country that these guys can point to as a beacon- they will probably claim Canada, but outside of their healthcare system, they don’t have anywhere NEAR the welfare liability and government intervention in Industry that the U.S. does…

      11. Edgar Friendly says:

        Did you learn that economics at PS19? In years of teaching I have never heard anyone explain it quite that way.
        And why don’t you explain Karl Marx to all of us who don’t have a clue?
        Especially those of us who have lived in socialist countries? Tell us who have lived there how we are wrong…that it’s a truly beautiful utopia and the government creates wonderful jobs and everyone is equal and free and we follow behind the unicorns to get our roll of toilet paper and loaf of bread for the month. And the fairies bring us our potato for the day each morning.

        geez, you academic wannabes are a trip.

      12. Tamara says:

        I don’t know where you live where retail stores are doing well. It seems every week, I see another retail space with a new “for rent” on it. Last week, we stopped by our favorite Quizno’s like we do after church about once a month. Empty. This week, the massage place near to the grocery store where I shop was empty. And the martial arts studio.


    13. Amy Sterling Casil says:

      LOL! Zing –

    14. Jon Lussier says:

      Two closed in my city in the state of Washington. I think it was a
      particular chain.

    15. Amy Sterling Casil says:

      I live a couple of miles from the beach and have avoided going down all summer long, figuring it would be way too crowded. Last evening, I did go and I could barely tell the difference between high summer and the “off season.” Restaurants totally uncrowded, shops with no one shopping, and maybe half the normal crowd on the beaches and bike paths. Everyone must be at the more upscale resorts, right? Oh wait – it IS an upscale resort. Last month I went to stay on Whidbey Island in Puget Sound, and it’s supposed to be a “tourist” area. Only – there weren’t very many tourists. The ferry line was easy to get into, hardly any waiting. I guess people must have been at the more upscale areas . . . oh wait – that’s an upscale area too.

    16. willie says:

      You don’t live where I live. They ARE struggling in my town. Dollar Tree has shut it’s doors. Main street is like a ghost town in our town of 15,000.

    17. Taipan2900 says:

      Bonnie, One thing is for certain CBS is calling it the”OBAMA” Depression. The truth will set you free..

    18. HPS says:

      Listen we make more than $40K a year.. and any time I go in a dollar store which is OFTEN.. I USE to spend $80 or more.. my husband always laughed I spent MORE in a dollar store than are regular retail store.. Reason is we have 3 grown kids and 6 grandkids and the GIRLS love hair products which are reasonable at $1 than you have yard decorations and seasonal outside decorations again reasonable at $1.. so if they get ruined or stole it’s not going to put me in the poor house.. I also buy things to give to charity.. NOW I spend approx $400 a year.. I have cut down and this year I spent thus far $100 total.. saving my money to help buy the grandkids school supplies if needed.. Yes the $1 stores are still busy but people are BUYING less.. get it?? and FOR ONCE.. they have it RIGHT we are in a DEPRESSION not a RECESSION.. when the we were told the recession ended they were almost telling the truth they FORGOT to mention we are now in a depression..

      1. Sniffit says:

        The recession ended in July 2009 when there was growth in the country. There is no recession. Economists agree on this. Talk your Obama hating GOP bilee elsewhere

    19. tuu says:

      Bonnie, they didn’t say the stores are not still being visited, they are saying people are not spending as much. Reread the story.

    20. General Patton says:

      Good afternoon Ms. Bonnie,

      To clarify, the article outlines two important factors; missed quarterly earning projections and decline of discretionary income due to monetary devaluation and increase cost of living.

      Meaning, profits, minus fiduciary obligations, caused the Discount retail sector to fail in meeting Wall St. expectations despite an increase of customers/sales.

      As a result of elevated commodities prices, transportation and various monthly expenses left the consumer who formerly purchased $12 worth of goods decreased to approximately $8, hence the missed projection.

      Bearing in mind the average income of discount store constituents is on average $40k.

      To conclude, three quarters of the population see a bleak economic picture under POTUS Obama and the future forecasts aren’t encouraging. I hope this helped.

    21. harleyrider1978 says:

      As the man said,their spending less when they come in! Has nothing to do with less customer base!

    22. Jim Phelps says:

      So Bonnie math question.

      If before the Obama depression 100 people would spend $12.00 and now in the Obama Depression the same 100 people only spend $8.00. Is the store making more money?

    23. chloe says:

      agree. our $ tree is always cramed with people. hey, its cbs and los angeles to boot.

    24. JenB says:

      Just because a store is jammed, no matter what time of day, does not mean that these people are buying as much as normal.

      I own a small business and we are busy every single day, same level of customers as always. HOWEVER, people are not spending as much as they usually do. Thus, we aren’t doing as well. I suspect, that is the same in this situation. Unless you are actually seeing the sales #’s of these stores, there is absolutely no way to determine if they are still selling at the same level.

      I am actually dumbfounded by your logic.

    25. lynn says:

      They may be jammed with customers, but they are still charging .99 for a loaf of bread, just like they did a year ago and the year before that, and the year before that.

      Kind of hard to hit the earnings target when you are locked into a price of .99 or $1.00 per item but the price of goods keep climbing.

    26. James says:

      Bonnie, the author says the number of people coming into the discount stores is the same. You are correct on that point. However, the article says the customers are buying less due to less $ to spend.

      The home I live in was valued at $295,000 in 2008. That same home is now valued at $184,500. The proof is in the pudding.

    27. rustyb says:

      We are not in a “Depression” or a “Recession” as defined by economists ( 2 straight quarters with negative GDP growth). GDP has been growing steadily for over 2 years now. The reason people are still out of work are because of Productivity increases allowing for growth without the addition of new employees. While this sucks for the labor market it does take away from the fact that the economy is improving

    28. desperado49 says:

      and it was the Dems who insisted that banks loan money to people who cant afford houses you idiot, and Bush was dealing mostly with a democratic senate and house.

    29. Leroy Whitby says:

      Bonnie, food prices have gone up around 30% this year. Gas prices the same. When you are on a fixed income or your income is getting smaller (fewer hours or business is down or you are a salesman in a depression) you have less money period. You’ll still shop at the least expensive place. But you don’t have the money to spend. Trust me.

    30. truth says:

      RON PAUL is the only person who will keep people free!

    31. Matt Leonhardt says:

      Guess it never crossed your mind that some people are eating less…

    32. Bucko says:


      In your world, bologna is filet mignon, and Dear Leader is doing a wunnerful job. That about it? Anything else to add?

    33. Jeffrey says:

      Bonnie, we are talking dollars spent PER VISIT. This is vastly different then what you are describing. Yes, they are still very busy – just not spending as much.

    34. Robert Michael Simon says:

      People don’t have alot of money….Ebay is dead and even if you have some money for a dollar store,it’s certainly less than before…Glad the analyst called it what it is…The OBAMA DEPRESSION.

      1. robertsgt40 says:

        Michael-you still don’t get it Dems and Repub administrations come and go. The ruling bankers never leave.

    35. Michael says:

      Why is it called the Obama Depression. Weren’t we in bad shape in 2008 before he took office?

    36. robertsgt40 says:

      Have no fear. Ben says those “green shoots” are resprouting…soon. And that 9.2% unemployment? Sure. Make that 22%. And we’re getting ready to up the debt ceiling? Why have a ceiling? Then spend another 1.5 trillion we don’t have. And on top of that we”ll has fewer tax revenues. Now THAT’S how you tank a nation.

  2. Sean says:

    I guess you didn’t actually read the article: “While the demand at stores like the 99-Cent Store or Dollar Tree is still relatively high…”

  3. steve says:

    But the liberals told us Obama was the one!

  4. steve says:

    bet you live in your mothers basement girly man

    1. Chris Chrisley says:

      who are you talking too?

  5. Don Bailey says:

    The interesting thing in this article to me is the fact that CBS LA refers to the current economic woes as “Obama Depression”. Is it possible that the media is starting to lose its allegence to Teh One?

    1. pooflinger says:

      yeah I caught that too. That was very interesting…..They are trying to tag him with it….Oh im sure his reps put in a call to CBS to stopt attacking the annointed one.

      1. PolitiPorn says:

        If only you read things a little closer. CBS didn’t call it “Obama’s depression”. The republican shill they interviewed did.

      2. CONNECTICUT SSN 042-68-4425 says:

        Why does the number above belong to Barry?

        The USA is being PUNKED, B***H SLAPPED, and has the starring role in a JACKA$$ Movie!

        Meanwhile, the media, congress, and FBI, all look the other way.

      3. Jack Kennedy says:

        oblamo and his minions in the obama mob of America haters will now ramp up the LIBERAL VITRIOL AND HATRED toward the real Americans

        demonization by obama starting in …3……..2…………1…………

    2. Sunshine says:

      haha ‘PolitiPorn’…nice name LOSER

    3. Realist says:

      Wake up. .Large economies take years for policies to show results. There is no doubt that Bush’s policies put us on course for a poor economy and the bank crisis pushed us over the edge. Clearly what needs to be done is painful spending cuts paired with revenue increases. The current problem is a political one not an economic one. The GOP, held hostage by the extreme right, lack the courage to do their job. Politics is the art of compromise.

  6. Greg says:

    Yes but that’s not the point really with all due respect-

    You could have a line with a hundred people in it, but if all or most of them are on average spending 4 dollars less than they were a year ago or whatever, THAT is the point- The money coming in is still reduced-

    Just my 2 cents, whoops, now it’s one cent-

  7. Kenny West says:

    No need to put quote marks around “Obama Depression.” It is an accurate statement, though you might want to include Pelosi and Reid.

    1. PolitiPorn says:

      Nice make believe world you live in Kenny. One where Bush left office with the balanced budget and surplus (oh wait that’s what he came into office with, but soon ran up an unprecedented debt). Nighty night, little Kenny.

      1. fleabagger for obama says:

        …meanwhile Barry the Manchild has tripled the deficit and got us in a third war.
        did your mom tell you it was bedtime PolitiPorn?

      2. jd2 says:

        bush entered office in the clinton recession, and quickly fixed it ;till the dems took congressand sent us into this current mess (fannie Mea ,Freddie Mac and the community reinvestment act )

      3. Jack Kennedy says:

        poliporn ……………. is that you – oblamo

        do the job of blaming all else for obama incompetence/corruption ……..

        or just one of the obama mob of America haters

      4. Kenny West says:

        It might surprise you to know I’m no Bush fan either. However, you should get your facts straight before you comment. The debt under Obama in just two and a half years is GREATER THAN ALL PREVIOUS PRESIDENTS COMBINED. Good night, little uninformed socialist.

      5. Sniffit says:

        there you go again Jack…who’s no Jack Kennedy at all.


        Really? What next? Should we lynch them?


      6. Sniffit says:

        JD: You mean the recession of 2001 that started several months AFTER Bush took office?



      7. Sniffit says:

        Also note JD that “without the 9/11 attacks [thank you Bushie], the economy may have avoided recession altogether.”

        So hmm, it was a recession that started under Bush that could have been prevented by Bush. Sounds like a Clinton fault to me HA!

      8. Bucko says:

        A triple post from sniffer and a Wikipedia link. Gee, I’m sold. It’s all Bush’s fault. Got it. Never heard that one before.

      9. Sniffit says:

        way to avoid the FACTS bucko.

        You guys got caught lying again and so it’s on to ad hominem attacks.

      10. george spigott says:

        “JD: You mean the recession of 2001 that started several months AFTER Bush took office?”

        If you were awake, instead of depending on Wikipedia for accuracy, you’d have noticed the economy started stinking after 7 1/2 years of Clintonomics.

  8. Chief568 says:


    Sure…apparently we can wage war on the American businessmen…at least until they decide they’ve had enough and either close their business or move overseas.

    1. swelike says:

      You mean the same American businessman who has been waging war against 95% of the U.S. population for the past 30 years? And winning handily thanks to both political parties. Good riddance, I say! Maybe we could stop buying their products and stop their tax breaks that fund their exorbitant salaries. Have fun in lawless Somalia.

  9. Jeff in TX says:

    Maybe. What country do you live in?

  10. Davis says:

    Maybe they should raise their prices. 😛

    1. Erik Olson says:

      Yeah, all the need to do is “increase revenue”

      1. John says:

        By revenue you mean TAXES?!!!

    2. Lalaland says:

      So that the poor will have less. Which is exactly what will happen if you increase taxes on the rich.

      1. Realist says:

        All the right wing dupes all full of false “facts”.
        Businesses are not adding help because they don’t need them. With increased demand they will hire. How to get increased demand? Increase the disposable income of the poor and middle class who immediately spend the money creating demand and jobs. A tax increase on the wealthy to more historical rates (when the economy was doing well) will NOT hurt the recovery. The wealthy merely invest their money where they will get the best return, think BRIC countries. The uneducated tea baggers have been recruited by the wealthy and those they own to protect their wealth and power and the expense of the Country with lies and false fears. They throw around terms like “Socialism” without even understanding the concept.

    3. American says:

      if they follow the obama model, of killing the economy, they will raise prices as the liberals want to raise taxes ………… make up the deficit dont you know

      oops, less in sales cuz prices higher ………… then they will call oblamo for helpa

  11. jane hedges says:

    By your name, I can tell you have probably no education nor class.

    1. Dave Shaffer says:

      *neither education nor class*

      1. 1STMAN says:

        Stupid illegals are bringing this country down thanks to the liberals who have made it a sanctuary to be here and dry up our tax money meant for “real Americans” not illegals or redskins!

      2. Ren says:

        So, who was President while the problem became systemic?

        Do us all a favor Fakwad and stick your head back up your arse.

  12. Hank Warren says:

    Obama’s economic policies (including Obama/RomneyCare), yet another violation of our rights. Add it to the list of gov’t violations of our rights:
    They violate the 1st Amendment by placing protesters in cages, banning books like “America Deceived II” and censoring the internet.
    They violate the 2nd Amendment by confiscating guns.
    They violate the 4th and 5th Amendment by molesting airline passengers.
    They violate the entire Constitution by starting undeclared wars for foreign countries.
    Impeach Obama, vote for Ron Paul.
    (Last link of Banned Book):

    1. Erik Olson says:

      Nobody banned that dumb book. It’s just a bad book.

  13. Mike says:

    Obama is an imbecile.

    1. Michael says:

      so what do you think of Bush and Clinton’s Presidencies?

  14. TxWrstmkr says:

    More and more people are planting their own fruit and veggies and raising their own livestock (rabbits,chickens in small areas), in order to save money. They are not doing this to “Save the Earth”. It is become a survival thing. More and more people are getting their canned goods and toiletries at dollar stores why? To save money. Spending less, take note you Marxist Potus.!

  15. Tom Rivas says:

    Obama = Most Dangerous Man in America. His goal is to bring us down to the level of third world nations as he believes his absentee daddy’s philosophy that any US gain was due to losses in the Third World.

    In this regard, the most dangerous man is winning.

    1. va says:

      He is either the most dangerous or the dumbest man in the US. Either way America loses.

  16. Paul says:

    Obama and his administration are incompetent and corrupt. America has no hope as long as they are in control.

    What is good for America is bad for democrats. What is good for democrats is bad for America.

  17. Rob says:

    Since the dollar is weakening, the $1 item the store sells now costs $0.70 to buy, instead of $0.50 (numbers estimated). Now these stores are only earning $0.30 per item instead of $0.50, accounting for the loss in earnings even if sales are the same or higher.

    1. Lalaland says:

      Who decided to weaken the dollar? Your saviour Obama of course. Go ahead and re elect him.

      1. Sniffit says:

        You mean the dollar that weakened by over 50% compared to the EURO between 2002 and 2008 before gaining back 15% between 2008 and 2011.

        That’s Obama’s fault? Wasn’t Captain Whitie president then?

      2. george spigott says:

        Sniffles, your racism and brain damage are showing. I doubt as though you will be able to understand the folllowing, but if you try, you might waste less typing energy, along with wasting less of the reader’s time.

        During the 1960s the UN produced the “International Convention on the Elimination of All Forms of Racial Discrimination” that proclaimed that all people had a “right” to housing. The Johnson administration supported the treaty, but it was not ratified until Bill Clinton was president. To meet its obligation under the U.N.’s Racial Discrimination Treaty, the Clinton administration instructed Fannie Mae to expand loans to low income borrowers.

        Democratic Rep. Barney Frank was a member of the House Banking Committee, which had oversight of Fannie Mae. It was decided rather than income verification, a welfare check stub or enrollment in a credit-counseling program were acceptable as proof of ability to make mortgage payments. Government-guaranteed loans were extended to millions of families that normally could not qualify for a mortgage.

        AIG, the international insurance giant, and other Wall Street and international financial institutions bought bundles of mortgage securities that Fannie Mae and Freddie Mac offered. The foreclosures skyrocketed. Suddenly there was little value in the bundles of mortgages. Financial institutions found themselves in possession of massive assets that had little or no value.

        During this period, Fannie Mae and Freddie Mac paid large sums in political contributions. Three of the largest contributions went to Democrats, including Chris Dodd, chairman of the Senate Banking, Housing and Urban Affairs Committee, Sen. Barak Obama and Barney Frank.

        The cause of the current meltdown is clearly the Democrats’ insistence upon giving federally guaranteed mortgages to people who could not afford them. Despite the U.N’s declaration to the contrary, no person has a right to housing. Freedom and free markets didn’t cause the financial collapse. Socialism did, and now socialist policies are forcing all taxpayers to pick up the tab. Barry picked up where his buddy Willie left off.

        Bush raised several red flags about the sub prime regulations. In April of 2001, submitting the 2002 budget request he stated that with the size of Freddie Mac and Fannie Mae, governments sponsored enterprises or GSEs, are a “potential problem” because financial problems with them could “cause strong repercussions in financial markets”

        In 2003 Bush stated a more stronger point for regulation to congress by saying the GSE’s are now a “systemic risk” that could spread beyond just the housing sector.

        Check out CSPAN in the Fall of 2003 when the White House was pushing Congress hard to create a new federal agency to REGULATE and SUPERVISE both Fannie Mae and Freddie Mac. Then Treasury Secretary John Snow in Sept. 10,2003, was getting big time resistance from none other than the Democrats. Barney Frank responded that Freddie Mac and Fannie Mae were not in crisis, everyone is over exaggerating the problem, and even went on to say that the government should do more to get low-income families into homes. He stated the people conjured up a threat of financial losses, adding that “I do not see”.

        Barney Frank said the GSE’s were financially sound . If there was a problem, Frank stated “The Federal government won’t bail them out”!!!

  18. zebulon says:

    I was in a dollar tree in boone, nc yesterday and they had 20 copies of harry reid’s book for $1 each. No one was buying them. I think that should be the motto of the USA, don’t buy what the dems are selling.

    1. Perspective says:

      heee hee..I really like this comment. Thanks for the chuckle

  19. ObamasFeetSmellLikeCornChips says:

    “In those stores, somebody comes in with $12 to do all their shopping,” said Davidowitz. “The person who used to come in with $12 now comes in with $8.”

    I say find these people that can do all their shopping for $12 at a dollar store and put them in congress..

    That’s change i can believe in.

    PS. Obama is an utter clusterF*ck of epic proportion

  20. Lalaland says:

    Yeah and I am sure you losers will re-elect him because you are brainwashed by the main stream media. Quit complaining and live with the consequences.

  21. Always Independent says:

    Whats going to happen to all those saved gov’t union jobs when the stimulus money runs out.

    1. TinaRocha says:

      The Stimulus is over with the program running on empty. This was a typical one shot deal by my ex party. As opposed to tax payer money going to shovel ready jobs as promised or even to effective training programs, it went to the Unions to temporarily shore up pensions and basically purchase companies for them i.e. GM/UAW. After the Obama emasculation of 2009 the Unions said, we put you in office now FEED ME! And Obama did but when the Unions come back for another tax payer buffet, Obama the brilliant will have nothing in the crystal chafing dishes with the champagne fountains of pension security hushed. Stay tuned and get ready.

  22. BusinessKillingCA says:

    Best to create your own income and to not wait for a “recovery”.
    A big junk of these jobs are not coming back and $ stores/ Walmart are a big reason why.
    These stores are filled to the rafters with China’s junk.

    We really have to ween ourselves of China’s cheap garbage and manufacture again.
    We went from worlds largest producer, to worlds largest consumer….with an ever increasing credit card max too boot.

    These jobs aren’t coming back anytime soon.
    I know this, so I created my own income.

    1. Ron says:

      Hey Paul, be carefull. Scamming desperate people of their last penny might bite you in the a$$ in the end. Herbalife might end up causing you a slow, lonely deteriorating road to hell. 🙁

  23. deavolos says:

    you stick governments hand in and everyone will hurt

    1. Perspective says:

      Yup..I used to be a leftist and believe the trash about Reagan, but he is looking better and better with his statements, like
      “The scariest sentence in America is “Hi, I am from the government and I am here to help.”

  24. gneubeck says:

    When your confronted by the 24/7 Obama manure machine spreading their outright lies about all of the wonderful results of the Obama Marxist economic policies, you only need a single statistic from the Administration’s own ‘Bureau of Labor Statistics’ to clear away the thickening fog. I.e. 2.4 Million more Americans on Obama’s ever inflating unemployment lines as of June, 2011 than when Obama issued his economic stimulus plan in February, 2009. Obama provided a significant clue when he said: “I am uncomfortable with the concept of profit.” Profit of course being the prime motivator in a free-enterprise economic structure. Simply ask yourself the question: Faced with intentionally escalating energy costs; and, other profit-killing onerous regulatory burdens, as well as the threat of still additional tax increases, would you as a business owner be considering further investments and job creation? More than likely you would be taking the prudent course of fiscal constraint; and, an increasing of reserves. This man must be excavated from the WH soonest. Greg Neubeck

  25. ron300 says:

    I do believe this, I buy different things in our local Dollar Store, but in the last several months there are several items that I use to buy but they don’t stock any more because the prices from China have gone up too high or them to sell at a dollar. The devaluation of the Dollar is becoming apparent to evey one now…even the poor. Things must change, we must get our house in order…we need to reduce the spending, how hard is that, not hard at all. The politicians need to think about the country not getting reelected.

  26. CaliGirl says:

    ‘Obama Depression’
    … someone with BALLS has FINALLY STOPPED COVERING for him….

    1. kitkatatl says:

      Yes! Way to go cbs!!

  27. JustAGuy says:

    Democrats will STILL vote for Obama, in spite of all the evidense he is ruining our economy.

    As the economy gets worse, Democrats tell each other that Obama saved us from the catastrophe that Bush created. But these Democrats ignore the fact that things have gotten worse SINCE Obama was elected.

    1. fleabagger for obama says:

      its called Battered Spouse Syndrome- they can’t quit Barry 😡

  28. Capt Renault says:

    We go to discount stores to load up on boxes of “mac n cheese”. Cheap and filling. We know the First Lady deplores that kind of diet, but her husband’s economy has left us little choice.

  29. Joe says:

    Were all going to Hell in a handbasket! Thanks Obama

  30. MinniePearlJam says:

    Bonnie, if I’m buying products from China with a devalued dollar, my profits go down TREMENDOUSLY. Bonnie must have attended the same school of economics as Obama.

  31. Derty Ernie says:

    My daughter works retail and her store brought in someone who got everyone mad and they quit. I told her that’s the way they get rid of the high priced help and replace them with newbie at entry level wages. Its brutal right now in all retail.

  32. Bruce says:

    Welcome to….Obamaville….The Utopian sSate

  33. Economics says:

    i’m in OC and the strip malls in my city are running at about 40-50% vacancy. and, the dollar stores where i’m at are not as busy as they used to be. at least someone in the media is finally calling this what it really is – OBAMA’S DEPRESSION. what were people thinking when they voted for this idiot?

  34. Dennis in WV says:

    A “Recession” is when your neighbor loses his job. A “Depression” is when you lose yours. A “Recovery” is when Obama loses his.

  35. Kenneth Glenn Koons says:

    Look, we can see that 9.2% of unemployment hits any store. Public sector jobs are in the Dem hands and that is where blacks get jobs too. But, no one is getting job in the free enterprise private sector, including blacks and Hispanics. That is a direct result of Obama policies and Obamacare plus tax, spending and regs hikes. Yet in Dec, Bama told us, it was nuts to raise taxes in a recession. What?? Now he wants tax hikes. And those would kill any business from hiring. Yikes. Stay strong Speaker John B and Cantor. Email them to tell them that. The ceiling btw, would be met by repealing Obamacare. And btw also, Treasury has moola flowing into it which can pay the debt monthly.

  36. disgusted dem says:

    obama depression does not discriminate…it punishes, white, black, yellow and red alike, it punishes rich, poor and middle class alike, it punishes smart and bumb equally…. This man hates everyone in America. How’s the hope and change working? For the young college grads 25% unemployment, black men 30% and black teenagers 45% unemployment… Keep voting for this moron and you many never get a job……\

  37. Gerald Carter says:

    Calling this Obama’s depression is like calling the 1928 Depression Roosevelts Depression. Back then we had Hoovers depression; now we have Bush’s depression. Why don’t you stop lying to the public.

    1. Jack Kennedy says:

      gerald …………. not real smart, are you ………… but you defend obeyme, so it goes without saying

      why dont you just resort to admitting defeat and use the whine of ………….. RACISM

      you know you want to ………..

      anyone who does not agree with oblamo is a ….duh…duh …..dummm…………. RACIST

      come on gerald………. you know you want to …………call us all ……….. RACISTS………

      1. JT says:

        Way too many trolls on a propaganda article for moi!

    2. Steve says:

      Gerald, you don’t know your history. There was no depression in 1928. There wasn’t even a depression in 1929 when the Storck Market crashed. The depression began in the early 1930s, in part, because of the federal government’s bad policies, like the Hawley-Smoot Tariff. Before you start giving unsolicited advice, get your facts straight.

      1. Jim Phelps says:

        Steve be fair he is an OBOT, and as we all know OBOT’s do not know basic math skills, history, or how to comprehend english except for give me money me OBOT

      2. Sniffit says:

        There was no Storck Market.

        Before you start giving unsolicited advice, get your spelling straight.

      3. george spigott says:

        Sniffles, you might do well to take your own advice.

        Bilee – Not quite a word, I’m afraid

        Pathetique = pathetic

        Once you master the dictionary, you will have much work to do on punctuation.

    3. Corey says:

      Obama only inherited a recession and turned it into a depression.

      Unemployment rate was at 7.2% when Obama took over. It just hit 9.2%… Gas was at 1.86, now sitting at 3.50

      Everything about this economy has only gotten worse since his stimulus, and the heavy handed regulations in both Dodd/Frank and Obamacare bills..

      Obama is literally choking off any hope of recovery, and he is doing it deliberately.. We were told he was the smartest guy to ever run for president right? then How can you explain how clueless and inept he is on the economy… no, this is all by design, no one can be this incompetent.

    4. topper says:

      It doesn’t matter if the recession started while Bush was in office. How long has Obama been in charge? He and his team even got a head start. They supposedly
      were working on a solution even before Bush ended his term. If he can do better than the previous administration, why are we still in this recession? It is time to stop blaming and time to lead this nation out of this mess!

  38. August says:

    Dollar Stores really don’t have things PEOPLE NEED….

  39. Bernard says:

    We are in great trouble when even the dollar stores cannot survive. The article pointed food and transportation costs maybe part of the problem. It is so easy to make ethanol without using food crops. Just check out “Algae power”, an article that appeared in “Veteran” magazine a few months ago. It has the capacity to out perform using corn. In addition if we simply opened the gas and oil industry again prices would start to drop.

  40. Freddd says:

    I believe it. I stopped using foam plates, bought corelle wear that lasts decades. Bought cloth napkins, stopped using paper ones. Non breakable drinkware like restaurants use, no more foam cups. I Buy detergents for laundry wherever I can find it the least expensive, and I also make my own and mix em.
    There simply is no reason any longer to buy ‘name brand’ stuff, to pay for others’ union supplied pensions etc.. Or so Obama can continue to rob those of us who work, to give it to those who don’t/won’t or for reparations in Pigford and Pigford II. .It’s also why I stopped going to the movies, renting or buying them so the ‘stars’ can come out and put our country down while promoting the likes of Chavez, Che, Iran, Islam etc…
    Maybe, maybe, I will change back when someone who loves America is in the White House and congress….dunno, doubt it.
    That money I’m saving….part of it I use to donate to honest candidates who do love America, the Constitution, WE THE PEOPLE, and free enterprise and Capitalism…..
    This depression won’t end until after the Obama’s and their ilk, are out of office, then we will start to see recovery…

  41. Harpotoo says:

    Go to the malls today and you will see people seeking out heat relief and maybe a bargain or 2. You won’t see shopping bags being caried like in past years.

  42. Reason8200 says:

    The media wrote this article because they cant prop up this guy any longer. Two and a half years of Obama policies and the economy isnt any better. How much longer can the democrats deny that liberalism is a failure. The only thing that gets democrats re-elected is their ability to borrow money and then spend that money for votes. Guess what…..we are out of money.

    1. kitkatatl says:

      2012 cannot get here soon enough. We cannot survive another 4 years of this clown!

  43. Freddd says:

    Don’t forget Obama wants more ‘revenues’ out of your paycheck to pay off his Trillion dollar spending spree’s. Those ‘revenues’ a.k.a. taxes. And that’s besides what Obamacare will do to us …

  44. RSindelar says:

    People also need to THINK. Just because people have to shop somewhere and the store is “jammed” doesn’t mean that they don’t have ONLY $8.00 to spend instead of the $12.00 that they had a month or two ago!! I suppose that the companies like to lie and tell their stockholders and the whole world that their earnings are down and that they are failing. Don’t beleive everything you read is good advice, but think before you speak is even better advice.

  45. Mike Merryman says:

    Here in CA, the 99 Cents Only store had to raise their prices to 99.9 cents on most items. I can live with that, but the sad part is that over the past 2 years is that the number of really nice food items no longer seem to appear there….and they had some first class stuff including many excellent name brand frozen items. No more…unless I am getting there too late or too early.

  46. Socialist Pig says:

    In related news: ” May 26, 2011 – Net profit at Tiffany & Co rises 25% in the first quarter in a sign that the luxury sector remains strong.”

    Can you connect the dots?

  47. Lighthope says:

    Excuse me! But you may not call it an Obama “Depression”. You know the penalty for speaking out against this Administration. Continued disobedience will ensure that CBS is banned from any further press access to the President.

    We await your retraction immediately.

  48. Marie says:

    Obama has finally run out of other people’s money. The Obama depression is upon us.

  49. Jonadab says:

    If you don’t have a job, you don’t have a dollar.

  50. Just Me says:

    To be honest, Mr. Obama, we the country are tired of you. You’re always ‘ready to get to work’ on this economy…but somehow you never do (Oh, I take that back…you ARE working on it, but not in a good way). Your magic has worn off, you’ve fallen back to earth…we’re getting rid of you, next year. You’ve risen like a rocket, and crashed like a comet.

    And btw…I’m going to say something here that LOTS of people have been thinking, the whole time you’ve been on the national scene: I’ve never really gotten used to your name, either. ‘Barack Obama?’ Sounds like a banana split in the jungle. I’m looking forward to a President with a more normal, mainstream- sounding name, too.

  51. Lisa says:

    Where do I go to get me that free Obama money?

  52. Mad Max says:

    Hope “there’s Change in 2012.

  53. TY says:


  54. jose says:

    Obbuma has proven to be the worst president ever in history to defile the white house and has surrounded himself with the worst america haters imaginable all of them are traitors and have one common goal, to destroy this country any way they can, mainly through destruction of the economy with the help of 30 million illegal aliens

  55. Mad Max says:

    2008 Obama quote: “We’re going to fundamentally change America.”

    Boy… Did they ever.

    1. Corey says:

      Welcome to the communist utopia !!

  56. Tom says:

    KENYAN STOLE WHITEHOUSE: you will believe anything .. WND.com??? wow they are the phonies.

    I checked out the article and I’m not convinced. I can’t address all of it, but I can tell you that the parts of the numbers that have a different shade and aren’t as sharp were not processed by the filter because they are still attached to the bottom layer and not the text layer. Also, your expect thinks they used Photoshop. The metadata says they used Mac OS X 10.6.7 Quartz PDFContext. Check the properties, you’ll see I’m right. Some expert.

  57. Joe Doakes says:


    Joe Doakes Solves The Debt Crises!

    Dear President Obama,

    Once upon a time you castigated the American public for not getting out of your way while you made a bigger mess of this nation than any of us thought was even possible. If memory serves you said something about a broom or a car in a ditch and you were the guy driving the tow truck which actually is a bull dozer. Regardless, I’ve decided to make the complex understandable in my own unique way. You see Mr. Obama, it is not very difficult to spend someone else’s money, it is very difficult to spend one’s own wisely. The debt and deficit are the ultimate barometers of how bad a job you liberals have done, whether you call yourselves compassionate conservatives or whatever else, I and the rest of the American public could give a rats rear end.

    It would appear that we have a minimum payment due for our national credit card and the head rat Mr. Geithner has decided to inform the American public that our future is even bleaker than we could imagine. Mr. Obama, speaking as an old life guard, the last thing you do when a man is drowning is throw them a brick. Fire this idiot. Today. Next, I want you to make a list with three columns: What we have, What we owe, What we need. Then fill them in. If you put down funding for the arts or the department of education, all the while wounded veterans, the elderly, and the young are having their care denied and their care cut, you have failed the priority test, please try again.

    This nation has priceless resources and a reservoir of ingenuity dieing to get out and all we see is a man and a party, you and the Democrat Party, standing in it’s way. As happened in the past will happen in the future. We will in the next election gently move you, and them, aside and put America back to work. Remember it is they, those unemployed and underemployed, that are actually paying the price for your failed economic philosophy. Nothing is free Mr. Obama. Those unemployed have been paying the price for your avarice for too long.

    I vote we put America back to work. How do I get you to vote for that?


    Joe Doakes

  58. Darrel says:

    It’s an Obamanation.

    It’s a ‘recession’ when your neighbor loses his job; it’s a ‘depression’ when you lose yours; and it’s a ‘recovery’ when Barack Obama loses his.

    Speaking on abortion, Barry said he would not want his daughters “punished” with a baby. Millions then wished Barry’s mother had felt the same way.

  59. Harry C says:

    Many of the items that I got at the dollar store are no longer available there, such as low dosage aspirin. I recently needed some light bulbs and “D” batteries. I stopped by the dollar store and there were none. Surely other items have also been priced out of the dollar store market.

  60. astralweeks says:

    It’s a pure joy to watch as the rapidly declining number of Obama supporters twist in the wind as they try to rationalize how he’s doing a good job. Don’t stop, the humor is priceless. That ‘it’s Bush’s fault,’ always gets a laugh.

  61. BlownfuelCoupe says:

    The continual lying of this Commander in Cheif cannot reflect possitively on the Black Community.

  62. ffuyuu says:

    They need to go into the Obama Chain of Hope stores. There you can go in with nothing and come out with twice as much.

  63. Gerri says:

    OMG!!!!!! I cannot believe all hate, negativity, and bigotry appearing In all these responses. Obama is doing better than any human could possibly do following the eight year disaster-filled Bush years. The mess that that texass rodeo clown left behind was even greater than previously thought and do you all out there, you tea party numbskulls, really believe that it is all going to be magically transformed in a mere two and a half years????? Give him a chance! He deserves the respect and opportunity you wanted for Shrub. Let’s face it, the Repuglican party is the Special Olympics of politics. The only way out for all of us is to face up to the facts and accept the fact that we will all have to endure higher taxes (and I am not afraid to use the T-word) and pay our fair share and then some. In particular, people in the highest earning levels. We should not be selfish and bigoted like the republican tea party types. Obama will prevail now and in 2012!

    1. Yawn says:

      You sound like a buck naked person with his middle finger in the air, flipping off the rapidly enclosing army of the American majority after they’ve blown away all your fellow Obama supporters.

      It’s that desperate for you, isn’t it?

    2. BlownfuelCoupe says:

      At least the Wealthy have the monetary ability to defend themselves. If the U.S. Government is effective in breaking the backs of such people there will be NO HOPE for you, or for me.

    3. Delphinus13 says:

      Wow! On a related note, I see Kool-Aid stock surged today thanks to a massive purchase by Gerri

    4. Chris Kirkland says:


      You need to get off the crack…It has destroyed all your brain cells and left you devoid of all rational thought! Obama has taken us out of the ditch and over the cliff with his team of socialist ideologues…Some who have already jumped ship because of their ineptness and others who are still there but can’t even do their own taxes! He has increased the debt more than all previous presidents combined! He has choreographed and systematically engineered the most colossal destruction this country has ever seen by one man! A total and abject failure! You and all the rest of your delusional ilk don’t have a clue to the magnitude of destruction he has caused! With your public education and supporting media proganda I doubt you ever will!

  64. Bill says:

    O’bama is succeding in systematically distroying America from within so that he can lead America toward a Communist utopia. All he needs is four more years.

    1. Tim says:

      Bill Utopia means “state of things in which everything is perfect. That doesn’t sound half bad, I think I will vote for him.

  65. An Observer In NM says:

    We live in a rural area in NM. I went into the Dollar General Store closest to our home just last week. I was curious as the parking lot has been empty every time we passed by this store over the course of the last 3 years. It still appeared to be open.
    As I looked about at the prices of household cleaners, toilet paper, etc. I found that the prices at this store were more expensive (in some cases a dollar more) than for the same exact items at the Wal-Mart down the road. So my question is- was the issue of greed considered when analyzing why some stores are losing customers? Is the reason ALL due to the economy?

    The same issue of greed holds true for a small family owned grocery store in our rural community. On average an item is .30 to 3.00 more than any store around. Even stores that are much smaller do not increase their prices by this much. To make it worse, the produce that has become over-ripe, molded or spotted, is still being sold at the same price as when it was fresh a week or two before.
    Even though thirty cents more a day for a small can of cat food may have been absorbed into someone’s budget two years ago, that can be a lot to a household today. Who is going to pay a dollar more a pound for a moldy container of berries, when it’s the same distance to a Wal-Mart or another type of grocery store? Most people can’t afford to pay such a disparity for items with today’s household budgets, even if we do try very hard to support the local “mom and pop” businesses. People will not continue to be loyal patrons if that loyalty leaves them hungry or without their basic needs met.
    I always like to see businesses flourish and make a profit and personally would prefer to support my local homegrown businesses over a box store, etc. However if a business’s main concern is to insulate themselves from the recession/depression to the point they are forcing their customers into the arms of the “big box stores etc.” they will find that they themselves are partially to blame when they go out of business. At some point people will shop at the places that meet their needs and set loyalty aside.

  66. Sam says:

    I am glad to see someone finely calling this what it in fact is… a DEPRESSION. And further, assigning ownership also where it fully belongs.. BHO. This economy is his, Palosi’s and Reid’s. They can no longer claim that they inherited this. They have tripled spending since BHO took office. Dude, you may not like it; but you are the owner of this stinky dog of an economy and you are the reason it has fleas.

  67. Smiyy77 says:

    Are these people saying that building munitions and war machines aren’t doing much for the locals? I’m shocked. Evan Libyan oil can’t save us if Iraqi oil couldn’t. Woe is us. If Obama loses the next election and the GOP does no better with their “no tax increase for the rich”, then I suppose it’s still going to be Ob\am’s fault. If I had enough money and was fed up with the constant “no we can’t attitude” I’d resign and telll you all to be patient and the Tea Party will lead you to salvation!

    1. Corey says:

      Obama only inherited a recession and turned it into a depression.

      Unemployment rate was at 7.2% when Obama took over. It just hit 9.2%… Gas was at 1.86, now sitting at 3.50

      Everything about this economy has only gotten worse since his stimulus, and the heavy handed regulations in both Dodd/Frank and Obamacare bills..

      Obama is literally choking off any hope of recovery, and he is doing it deliberately.. We were told he was the smartest guy to ever run for president right? then How can you explain how clueless and inept he is on the economy… no this is all by design, no one can be this incompetent.

  68. frugalspender says:

    The reason people are spending less at dollar stores is because they are using their credit cards! They are taking their lessons from the FEDERAL gov who loves to spend money we do not have! Last months credit card spending for May was up 5.4 billion dollars or was it -million ( is that alot of money to OBAMA?) it is true consumers are buying less with credit ! Because the cash they have is being used up by Grocery stores/ Gas stations/ Car Insurance/ Fast foods/Dining out/ Health Insurance/ House payments/ Taxes/ and more taxes, LIfe Insurance /Pet Insurance/ Dental Insurance/ Burial Insurance/ Bank Charges/ CABLE charges/ CELL PHONE charges ATT VERIZON SPRINT / paying for schools that are underfunded…. whoa I need to slow down I am running out of money!

  69. tom says:

    These stores are the last selling most of products which many others stores won’t sell it any more and Dollar stores take it at very cheap prices and sell it to most of poor and middle class. Now they are having trouble with this problem which is the sign of terrible economy that American have to endure for quite sometimes. It is “hope and change” that you are looking for. Get rid of this giant stupid, arrogant, ignorant, cold, caculated, cruel Obama then everything is going to be fine. And this is my oppinion.

  70. interesting says:

    We are going down.

  71. Mark Hillyard says:

    The government is supposed to spend some money. Repairing roads, bridges, and other such. I keep wondering why The Bummer didn’t place that money into infrastructure instead of putting it into the hands of Auto (unions) and Banks et al (donations). Just wondering. Congress should check his offshore holdings. Wouldn’t be in his name but some people do funny stuff. Know what I mean?

  72. Hair trigger says:

    History proves, some people make money in hard times, some don’t,
    Take care of your money in good times, Spend in bad times to acquire other peoples bad choices. When its over, you have the biggest pile.
    the poor, the Bible says they will always be with us.

  73. Emerson says:

    If 80% are in a depression we need to take all the money away from that greedy 20% who aren’t! THEN there will be social justice.

    From each according to what can be taken to them, and to each according to whatever it takes to get their votes in the next election.

    All success must be punished!

  74. Nate says:

    Its amazing how close a dismal movie like “Atlas Shrugged” can be today. Almost everything in that movie, (with the exception of working rail travel) is coming true it is uncanny…

  75. discovega says:

    Obama Depression, Obama Depression, Obama Depression…get to used to saying it becasue it will be here for years and years to come thanks to that bumbling idiot in the White House and his ignoramus wife. — The American People can’t wait for the Affirmative Action experment to end Nov. 2012…we will be clebrating two Independence Days for the rest of our lives: July 4 and Nov. 6 2012.

  76. America!_F**K_Yeah! says:

    I am glad to say that my businness is doing great! Make good money and spend it well! This is America people! Wake up, stop crying and pointing the finger on wich president and party is at fault. Point the finger on yourself for not doing something before the depression. It is simple enconomics, specially if you read the paper or watch the news, banks w/ malpratice loans and a war wich we spent billions if not trillions and gas prices. Any smart individual would of seen this comming! I adjusted and now i am doing great! This is America! The greatest country in the world! if you don’t think so, then leave!

    1. Nena says:

      Your business must be hustling because that is the only business that is making it these days….i get it you are a government contractor…i was right a hustler on my tax money.

  77. Common Sense says:

    What you all should REALLY be complaining about is that you can’t buy ANYTHING for a DOLLAR any more at a DOLLAR store worth having.

    1. seenbetterdaze says:

      I went to the local Dollar General yesterday to pick up stuff I needed and was surprised at the total. I thought I had spent maybe $50…and it was$82! The clerk laughed when I said that…that their prices had gone up since I was there last about 2 years ago..

  78. truth says:

    Gerald Carter you undoubtedly smoke dope and no telling what else! You and your like better wake up before the Chinese or the Russians own us because of your man Barrack HUESSAIN OBINLADEN! besides politics WILL NEVER SAVE THIS COUNTRY! WE NEED TO TURN FROM OUR WICKED WAYS ( MURDERING BABIES, ETC…), AND TURN OUR FACE TO JESUS, THAT IS THE ONLY ONE WHO CAN SAVE US AND TURN THIS GREAT COUNTRY OF OURS AROUND! I feel sorry for you because you are deceived, this is a message written out of Love that someone might see the light!!!! God Bless!

  79. John McGraw says:

    We have not bought steak in a year, we curtailed a vacation the least three years, we nut 4 times more things at dollar stores than 3 years ago, we buy sale item foods 90% of the time, and we do almost no convenience driving. If this is not a depression, I have not experienced one in the last 71+ years. The continued government deficit spending really makes myself and wife angry.

  80. Delphinus13 says:

    This is what “change” looks like. Good thing we have the opportunity to change back next November.

  81. Delphinus13 says:

    This is what “change” looks like.

  82. Darryl Dote says:

    I used to buy stuff at the 99-cent only store, but have since done the math to find out that for the quantity (plus coupons) I can get more for my dollar at other stores such as Walmart, Target, Walgreens, and CVS. It’s one of the reasons why I started fresnocouponing.com – and several of those blogs (along with the coverage from TLC’s Extreme Couponing) have begun to show people that they can get superior products in larger quantities with coupons than paying the whole dollar at stores like the 99-cents only store.

  83. Dave Shaffer says:

    I’ll tell you what the problem is, and who’s to blame:

    Republicans & Democrats. The *true* enemies of America. The *true* traitors out to kill this country.

    Prove me wrong…unless you can’t handle the truth.

  84. WhitemoonG says:

    Amazing to see how many Obama Drones swallow and then puke out the same re-written history nonsense about Bush supposedly causing the whole mess, and give Obama a chance, blah blah blah. True, there were some issues as GW’s 8 years came to a close, but NOTHING like this. And, Everything Obama has done or threatened has made, and continues to make everything far WORSE than it needs to be, all in the pursuit of his Utopian opinions about “fairness,” etc.

    The big housing market collapse and bailouts (which OBAMA VOTED FOR!) are courtesy of GOVERNMENT MEDDLING and ENABLING, first under Carter threatening banks that didn’t underwrite a certain percentage of housing loans to those with doubtful ability to pay back, then later enabling the Wall Street, mortgage bundling, derivative mess, and all their high risk activity by FOOLISH GOVERNMENT BACKING and GUARANTEES vis a vis Fannie and Freddie. Thanks to such FOOLISH Government Meddling and guarantees, instead of Wall Street and private interests paying themselves for the results of any foolish behavior and risky activities, when it finally crashed, WE end up covering it as taxpayers, courtesy of years of Foolish Liberal Big Government policies courtesy of Jimmy Carter, given enforcement teeth by Clinton/Reno, and Barney Frank, Dodd, Schumer, Hillary, et. all bitterly denouncing any attempts by Bush’s cabinet officials, and later McCain for that matter, to gain some oversight and control over this impending disaster. Anybody remember one Barack Obama giving legal counsel to those of Acorn threatening Chicago banks if they didn’t open up the spigot for more bad loans to those who probably would never be able to pay any of it back? Multiply that by hundreds thousands of examples, all backed, or easily sold to Fannie and Freddie, courtesy of Liberal/Dem agendas, that WE all up holding the bag for? Your liberal, big government at work!

    Fact: The federal DEFICIT for the YEAR 2007 under Bush was $146 Billion

    Fact: AFTER the 2 “Bush Wars” and the Bush “Tax cuts for the wealthy,” total Federal Tax Revenues each year steadily INCREASED, and the ANNUAL Federal deficit DECREASED each year under Bush until the low of $146 Billion in 2007

    Fact: The Obama/Reid/Pelosi deficit for the MONTH of February 2011 was $260 Billion

    Imagine that, (actually it’s FACT!) The Federal deficit for one YEAR under Bush is less than one MONTH under Obama/Reid/Pelosi.

    Care to explain that history re-writing Obama Drones?

    1. Delphinus13 says:

      They won’t care. They’re so drunk on the Kool-Aid, all they’re capable of is regurgitating the “It’s Bush’s fault.” bumper sticker. Maybe all those Zombie Apocalypse writers were on to something, except in real life the “zombies” are the Kool-Aid drinking libs who mindlessly follow the pack.

  85. walter12 says:

    No matter what the leftists are saying, no matter what the GD, leftist main stream media is saying, Obama is a disaster for the nation, a nightmare for the middle class, a ruin of the country.

    1. AnimalFarm says:

      Ask yourselves this, if Obama was trying to ruin this country, what would he be doing differently?


      1. Corey says:


  86. Dee Dee says:

    EVERYBODY IS SUFFERING ON Obama’s watch!!! it’s ALL DEPRESSING seeing what he’s doing to this country…We are well on our way to being a 3rd world country..and that’s the way he wants it… (he’s gonna make america pay for everything)

  87. Chris says:

    Who cares? When is the next season of “Dancing with the Stars”?

  88. Tim says:

    What I find funny about all these comments about Obama and how everything bad in our society was caused by him… is what the Republicans are putting forth as a good alternative.

    Does anyone really think Bachmann has the tools to be president of the united states and improve life for anyone other than those gleefully waiting for the Apocalypse?

    1. Corey says:

      So far the republicans have offered to lower corporate tax rates to compete with China, reduce the strangle on repatriated profits, and cut government borrowing that is crowding out other private investments in the bond market.

      If you were honest you would say the Democrats are out of ideas and just want to tax higher and pass another round of failed stimulus.

  89. Jim Nicastro says:

    What kind of idiot writes that this is “Obama’s Depression”. The Depression or recession was inherited from the mighty George Dubya Bush. We were already in crisis more than 12 months before they even held the Presidential Election in 2008 that elected Barack Obama.

    When GWB was asked for the last two years of his presidency if the country was going into recession his stock answer was “There is no recession”, until that delicate house of cards started to collapse and snowballed into this almighty mess the country is in right now.

    Regardless of who because president, whether it had been the other way and we had a President John McCain, the economy would be in the same horrible mess.

    It will take more than one term for the country to get out of this mess and the squabbling on Capitol Hill will not help things and point your finger at Barack Obama and blaming him will not change the facts the same way that it would not change things if McCain had won the election or whether it had still be Bush Jr or Abe Lincoln that won the 2008 election.

    The Recession/Depression is not attributable to any political party, to any President or to any class, until the people of the United States gets over their finger pointing and blaming the other man and buckles up and says to themselves, there is no money in the pot, we have to cut back on spending and we have to agree to pay more taxes into the pot the country will remain in a dire situation. YOU CANNOT HAVE IT BOTH WAYS.

    There are too many people that want their cake and eat it as well and the Government certainly since Jimmy Carter and possibly as far back as Kennedy or Nixon have not focused on that balance of not spending what you do not have.

    1. Corey says:

      Obama only inherited a recession and turned it into a depression.

      Unemployment rate was at 7.2% when Obama took over. It just hit 9.2%… Gas was at 1.86, now sitting at 3.50

      Everything about this economy has only gotten worse since his stimulus, and the heavy handed regulations in both Dodd/Frank and Obamacare bills..

      Obama is literally choking off any hope of recovery, and he is doing it deliberately.. We were told he was the smartest guy to ever run for president right? then How can you explain how clueless and inept he is on the economy… no this is all by design, no one can be this incompetent.

  90. Jack Hadit says:

    This Obama Depression is killing everyone. Why don’t the demoncrats just go home….we don’t need them..

  91. emma says:

    We were just at a professional baseball game, my sister had won tickets. It was packed with 40,000 people “in this terrible recession who only buy what they absolutely need” but sure had $8 to buy one can of beer, a whole bunch of cans, along with $5 pretzels and $8 ice cream bars. They also had $25 to park their tailgating vehicles. Who is everybody kidding about buckiling down? Maybe a handful of folk who see the writing on the wall. but for most people, it’s business as usual because nobody wants to give up a dag gone thing. Just keep begging somebody else to fix it all.

  92. Chris Kirkland says:

    To all you Obama zombi supporters… Many of you believe that Obama inherited this mess… Well since he has been in office he has increased the debt we all owe more than all previous presidents combined! The numbers don’t lie…Only the President, the Democrats and an all his supporters do… The last ones mostly to themselves… Let me ask you this if Obama inherited this mess and he has taken us out of the ditch and over the cliff…What do the Presidents following Obama inherit? I’ll give you a guess…A big pile of_____.

    1. Nena says:

      Dont bother with the Obummer zombies they are clueless! If they would have done their research on this narsisstic jerk instead of just voting for him because he is black and had a d after his name (in my opinion doesnt stand for democR#p but for something much more descriptive) they would understand why we are in the mess we are in today. This man is a complete marxist socialistic imbecile. So glad i have enough sense to read up on the record of all my candidates before voting!

  93. gray metal man says:

    The magnanimous “zero” campaign slogan has come home to roost because “change” is all we have left.

    The poor fools that voted for him deserve what they are getting.
    The subtle changes in decreasing packaging volume and weight is eating the consumer alive not to mention overall price increases. Do some looking and comparing at the store and you will see. Tax your dead brain cells and you can figure it out.

  94. Rick says:

    I want you to get up,go to the window,open it,and stick your head out and yell “Im as mad as hell and I am not going to take it anymore!

    For those that can remember the movie Network from 1976,you will surely agree that this fits!

  95. ILA says:

    Who buys food from 99cent store or Dollar Tree? You can buy better/cheaper food with larger quantities from Walmart or Target, actually anything for that matter not just food.

  96. ILA says:

    These comments posted are more interesting then the article

  97. KH says:

    yeah…it takes an ipinkazz nbred to contrbute this much intellect to the dialogue!!!

    1. 1STMAN says:

      What does KH stand for? “Kill Hispanics”. I agree!

  98. Keitz says:

    Thank you Mexicans.Come again.

  99. ErnestPayne says:

    The only things dimmer than the composer of this twaddle are the responses. It is NOT the Obama depression. It is the Bush recession. In my opinion, and that of other knowledgeable professionals Obama is doing his best to deal with the absolute fiscal idiocy of every republican president since the start of the Eisenhower regime.. However please feel free to disagree and wallow in your own self induced misery.

  100. Corey says:

    Obama’s economic sense could drown in a thimble.. We need to get rid of this clueless clown as soon as possible… There is no way in heck we will pull out of the Obama depression with him at the helm. We need a real leader that sees the real problem of competition by China, if we are to beat them, we need to at least meet them on tax rates… Obama has no clue what to do next, he is sooooo far out to lunch he is already discussing more stimulus spending. no thanks.

  101. KH says:

    nah….Kick a H-nkie’s azz….

  102. Ruben says:

    The real deals are at Costco. Those dollar stores are for poor people who don’t mind eating expired food, since they get free healthcare I guess why not? I specifically shop at Costco to stay away from those kind of people at dollar stores.

  103. DD says:

    Too funny! Everyone knows this is the “Great Republican Depression!” They gave Obama the worst economy in history and expected him to fix it in a couple of years while he’s fighting off tea party fanatics and a global collapse! But that’s the problem with Republicans, they can’t accept responsibility for anything and they lie about everything!

  104. Here we go again! says:

    Wow, let’s take a look here: 1. I’m pretty sure most of these commenters don’t even shop at dollar stores. 2. We’re not in a depression, it’s a recession. 3. The GOP came up with both the “Obama Care” monikier as well as “Obama Depression”. 4. It was not the Dems who loaned money to people who couldn’t pay it back, it was the banks and everything we are disscussing here has everything to do with both the Republicans previous mess as well as non partisianship and ridiculous counter actions that continue to bring this nation to its knees such as the debt ceiling issue. Anyway keep the fighting amongst us alive, that’s all the Republicans know how to do. Don’t forget to visit that dollar store for your weekly shopping.

  105. ericscam2 says:

    “Obama Depression”????? Slant your news much, CBS? Jesus H, this is Bush’s depression…hes the one that buried us in this mess!

    F–k you, CBS! When did you become Fox Noise?!

  106. Joe Gallagher says:

    The termed used by intelligent, non-partisan people is the “Great Recession.” So what is your partisan, inflammatory headline suppose to prove – that you are owned by Fox News?

  107. Joe Gallagher says:

    By the way, fellow citizens, this Republican refusal to raise the debt limit is just a scam to slash Social Security and Medicare. Where are you FDR?

  108. Jim says:

    What does Obama have to do with the “depression” created by Bush Wars and the GOP nuts policies and a do nothing House of Reps. Where are the jobs Broehner?

  109. AtlasObjectivist says:

    It’s true, the fact is Obama took a difficult situation and drove it straight off a cliff. We are in a full blown depression. The economy has been destroyed by the actions and ineptitude of this administration.

    I hope we can hold on till 2012.

  110. Alex says:

    Bush or Obama. Dollars stores were making a killing when the bubble was forming. My relatives from India expanded their stores..bought couple homes in chino hills and several luxury cars. Guess what.. they still are doing fine today.

  111. swelike says:

    Ha ha! Barney’s New York is my dollar store when I’m looking for a bargain. Thank you Dubya for lowering my taxes. Laughing all the way to the bank!

  112. swelike says:

    Not sure if anyone here realizes this, but most big corporations in the U.S. are having record earning for the past few years. They’ve been buying back stock with their profits rather than paying taxes or hiring more employees to sustain these earnings. Unlike the past when the CEO was the person who founded the company and cared about their employees, these guys are short termers who are getting when the getting is good.

    Personally, I’ve seen my tax rate go down and my stock options go up. Hopefully the Republicans can win the Presidency in 2012 so I can get my capital gains taxes cut. Viva America!

  113. Kathy says:

    This is a poorly written, biased article. Notice there is not any different points of view. Howard Davidowitz is a well known Wall Street Short seller who has been making extreme claims for years. Look into his prediction that Saks Fifth Avenue would be bankrupt in a year. Saks is making more profits now than before the recession hit. Howard of course, was shorting the stock and trying to bring out other shorts to his side of the bet.

  114. BG says:

    Is this rag trying to take the place of the news of the world? Not enough right wing bs for you? This is bush’s depression, it can’t be done in two years. bush had 8.

  115. zestie says:

    We are experiencing the dream of Socialism/Communism; nothing going right and the Govt says they have the solution. In their nations, it takes a revolution and massive killing to change the form of govt. The availability of money (or lack of it) is going to cause some serious activity in our own nation is we continue with our Leader’s rhetoric for very much longer. Traffic has dropped on the four lane roads, store parking lots are not half as full of cars as before Feb 2009, and people are raiding junk yards to obtain cars to fix and drive. It will get much worse for 2 generations. As one commented this is a good 20 year Depression, or more.

  116. Kim Baliey says:

    Blacks are leeches and parasites. They have never invented anything. They copy everything and conquer territory by force:
    Here is proof Blacks are African predators:

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