Obama Says Economy Is BOOMING As Nation’s Largest Private Employer Closes It’s Doors

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Dean James III% AMERICA’S FREEDOM FIGHTERS –

President Obama and liberals in general proclaim that EVERYTHING Obama has done (or not done) is a wonderful success. ISIS? Contained. Race relations? Wonderful- never better. The economy- BOOMING! You get the picture. They are misinformed, at best.

During Obama’s SOTU address he declared that “the United States of America, right now, has the strongest, most durable economy in the world.”

He also bragged about the growth of private-sector jobs and the falling unemployment rate. Unbelievable.

In reality, the economy is NOT what Obama would want us all to believe- in fact the economy is horrible.

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A perfect example of this failing economy is the recent announcement made by the largest private employer in America- WALMART. Walmart is closing HUNDREDS of stores which means that thousands of people will be hitting up the unemployment lines.

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My colleague Sean Brown at Mad World News points out that back in June, Walmart announced that it was going to increase its starting wages for over 100,000 of its workers, including department managers and workers in specialized divisions, according to The Week. In the same announcement, the company said that come February, its minimum starting wage would be increased from $9 per hour to $10 per hour, and it looks like it might be preparing for the increases by shutting down the 269 stores.

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In an effort to stay competitive in the markets, 154 of its U.S. locations are going to be shut down for good, and another 115 locations will close in Brazil, according to WPTV. The move will affect only a fraction of its 11,000 stores worldwide, but 10 percent of the 100,000 U.S. employees who received a raise will no longer have a job.

In total, 16,000 employees between the two nations will be laid off, with 10,000 of the layoffs happening in America at small front stores called Walmart Express. While the company claims the closings have little to do with the increased wages, it’s also saying that a large determining factor in closing the locations was whether they were performing financially, and the largest overhead in any business is labor.

Obama can boast all he wants but the bottom line is that when you have the largest private employer in America closing hundreds of stores, coupled with Dow plunging more than 500 points resulting in the WORST START OF A YEAR IN HISTORY, then you have huge problems.

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Dean James III% AMERICA’S FREEDOM FIGHTERS

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