More Victims of the Economy

[freedom_to_think]

Thanks Bush and Cheney for turning a surplus into a big bag of shit! That's keeping us safe!

Anyhow, I found this piece online and it is another sad story caused by the economic downturn.

http://freedom-2-think.blogspot.com/2009/03/going-down-with-ship.html

LIGONIER, Pa . -- Third-generation car dealers Gregory and Randolph Graham watched helplessly over the past year as their business collapsed under the weight of the recession. Now the Graham brothers are gone.

Click on the link (Harsh economy claims a car dealership and two brothers in western Pennsylvania.) to read the full story

[Double T]

1. The current and future outlook for U.S. Small Business does not look good.

[jedr]

2. Noticed tonight that here in Pittsburgh a local car dealer;

GM; is basically selling his inventory at cost ( new cars under $9,950).. It's a big dealer , 4 locations in the area. Is this a sign of something?:wtf: ON EDIT: This post isn't about the Ligonier car dealer but wondering if GM is liquidating it's inventory at what ever it can get.

[cobalt1999]

3. They had more issues than selling fewer cars.

$1 million in unpaid taxes dating back to 2006, & setting fire to cars --- (insurance fraud?), not replenishing inventory.

These guys had more issues than the current economic turn-down. They were having issues back when cars were flying off the lots.

[jedr]

4. I live near these guys and yes;

There's a lot more than the economy going on here.

[bbinacan]

5. One thing that I love

about DU is the ability to cut to the chase. These brothers had financial problems long before now. You made a blanket statement that shows you didn't read the article yourself.