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Circuit City Gives Up

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Top message:  Good by Tmo Slave   Jan 16, 2009, 12:43 PM

Replying to:  The American way - I want it for nothing, damn the consequences by tuolumne   Jan 17, 2009, 3:57 AM

Re: The American way - I want it for nothing, damn the consequences

by algorithmplus    Jan 17, 2009, 9:39 AM

I think you need to be careful what you say.

I could turn around and say that technology and communications have changed so much not only in the United States but globally in the past decade. How many people shopped online in 1955? Obviously none. How many people shop online today? A great many. Some do it for convenience. Some do it for price. There are a great many online retailers that are American. Newegg, Frys, Amazon, and Overstock are just a few online retailers. Circuit City was never a top online shopping site. It didn't adapt to the way consumers are changing their spending habits. It died. That's the way things go, sometimes.

Circuit City should have created an online business under a separate brand to compete with online retailers. Consumers don't like to go the Circuit City website to find a competitive price on a product just to go into the store and see the price is much more in the store than on the website. Having a different brand in a changing business could have allowed Circuit City to truly compete with some of the online retailers, and the company would then have had time to dwindle down unprofitable brick and mortar business while the company could have stayed alive.

In terms of money, the way you speak you portray that you know more about everybody's economic situation than even they do. You seem like you think you concretely know everybody's economic circumstances:

- You obviously know what it's like to be a single mother of a premature set of newborn twins with the father working 2 jobs and getting killed in a car accident on the way to his second full time job? Life insurance policy? Will that fully support the mother until her children are old enough to go to school and she can work? Maybe, it's tough to say. If she goes to work and is forced to pay for childcare, will her basic living needs plus childcare cost more than she brings home from her job, forcing her into a situation where she is actually paying for the privilege of working? Quite possibly, it happens like that more often than you think.

- You obviously know what it's like to be a college student on a budget who can just spend spend spend on anything at any price to help the economy? When you're barely scraping buy and you need to buy a computer and monthly internet access in order to go to college, that computer and internet access are a LOT of money, even with a budget computer at only a few hundred dollars. When you have $0 dollars available for stuff like that, a $600 laptop is a LOT of money.

- You obviously know what it's like to work for a large company that goes bankrupt to realize that you have been laid off with no severance, a pittance left of a 401(k), and your pension vaporized just before retirement. Not to worry, you've worked hard to save money and created a healthy stock portfolio...oh wait, in the current economic climate, there isn't really such a thing as a healthy stock portfolio. At least your savings were vaporized your pension.

- You obviously know what it's like not to be able to afford health insurance and either need medical attention or have a sick child. You have to go through and appeal to the community or charities to come up with enough money for a lifesaving operation.

- You obviously know what it's like to graduate high school and not have enough cash in your bank account on hand to purchase your own house, so you live in your parents' basement while you go to college to conserve capital (save money.)

- You obviously know what it's like to be months ahead of retirement as an airline pilot, your airline files for bankruptcy and is allowed forego your pension in terms of smaller benefits that cost the company less (remember UAL's bankruptcy?) It's okay, you've saved the maximum amount by law in your 401(k) and you have a nice stock portfolio. Now that you've retired and lived a few years, your 401(k) and stock portfolio have evaporated with current market conditions, leaving you with just minute supplements to the Social Security check you'll receive each month. Your life savings have become nearly worthless...leaving only the equity in your home you bought a few years ago, which is also dropping. You're retired and are forced to go into the workforce again just to make ends meet. You're now adding yourself to the list of people needing employment, excluding those recently laid off.

- You obviously know what it's like to have a nice 6-figure salary, get laid off, be unable to find a job worthwhile by the time your severance runs out, so you take a job working $10 per hour filing medical records knowing you'll probably have to find a second job just to make enough money to pay rent, let alone buy food. Sadly, this is the highest paying job you've been able to land and you have no choice but to work it.

I don't normally make posts like this, but in all do respect, this post is respecting you like you are respecting all those other people in the world. You also don't seem to attack all the overpaid American executives that outsource labor to foreign countries to save money for their American companies so they can take home nice fat American bonuses after laying off all those American working people. Businesses make those decisions just like consumers do, except with a business makes those decisions, the result is that thousands of Americans lose their jobs instead of one consumer saving $5 on a keyboard.

tuolumne said:
It's like some of you have no clue what a trade balance is. Did you ever get your GED? I mean my god Rolling Eyes Americans are willing to screw the nation over by saving a few cents at a terrible store like walmart, one which is a leach on the back of the American economy.

All of the cheerleaders whining about their god [sic] forsaken keyboards not being ready..."I didn't save $5!!", Get a clue - less competition means higher prices at other outfits. Again, ever get an education? Still living in your moms [sic] basement? You sound like complete fools. I hope you all loose [sic] your jobs at McDonalds [sic] and are forced to go make the same wage selling cheap chinese [sic] good at walmart [sic], you fools. Some Americans are so pathetic...and STUPID.

Maybe you should work at McDonald's. It might do you a little bit of good to experience pathetic and STUPID. Wait, you don't have to work at McDonald's to experience that, you do that quite well on your own.

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