Obama Economy: Almost 1000 Jobs Lost In Wisconsin, Midwest

From Madison.Com: American TV & Appliance, a Madison Beltline mainstay for the past 60 years, announced Monday it was closing , putting nearly 1,000 employees at 11 locations in three states out of work.
Doug Reuhl, president and CEO of American since 1988, blamed an “unforgiving economy,” especially over the past five years, for the closure and said the Madison-based company would begin a going-out-of-business sale Thursday to liquidate its entire inventory of furniture, electronics and appliances.
“While this is a sad moment, it is also a proud moment,” Reuhl said in a news release. “It’s a moment to be proud of our efforts and to be proud of what we have delivered to the community.”
A switchboard operator at American TV refused to answer additional questions Monday or transfer a reporter to anyone else, noting the company had decided not to provide any additional information, including how many jobs will be lost in Madison.
But court papers filed Monday in Dane County Circuit Court cited 696 American TV employees in Wisconsin, along with 114 in Illinois and 159 in Iowa, for a total of 969 full- and part-time employees. The receivership petition also said the company had assets with a total net book value of $72.56 million, compared with total liabilities of $54.7 million, with the assets’ fair value — or the amount they could be sold for — listed as “unknown” but worth less than the book value.
Read more: http://host.madison.com/business/american-tv-appliance-closing-all-stores-nearly-to-lose-jobs/article_9e23f04b-f9c4-55d0-8e2b-77105f061135.html#ixzz2tejYxPKl
I grew up listening to TV and watching Crazy TV Lenny and I had bought many items at their stores.
But the Obama economy is not improving despite what the media and liberals say.  The true unemployment rate is still sky high, most, if not all of Obama's economic policies have been failures and ObamaCare is killing the economy.
Yes, if you are a single issue person, you may like Obama but those of us who were not hoodwinked by Obama, are not very impressed by his lack of common knowledge of the economy, healthcare, national security, armed forces and many other of Obama's ideas.
That is why he is the worst and most incompetent president ever in the history of United States.