Comments on: Terrific: Pennsylvania bails out Boscov’s!; Update: NJ, too

By: State legislatures really know how to lead : Radio Vice Online

State legislatures really know how to lead : Radio Vice Online — Wed, 31 Dec 2008 04:01:01 +0000

[...] who may loose their jobs, we’ve now got Pennsylvania department store Boscov’s being offered state loans, grants or [...]

By: Michelle Malkin » Bailout watch: Who’s grubbing now?

Michelle Malkin » Bailout watch: Who’s grubbing now? — Fri, 26 Dec 2008 11:48:18 +0000

[...] I’ve reported for years on how city and state governments have forked over hundreds of millions in public subsidies to private mall developers and retailers. [...]

By: dan708

dan708 — Mon, 24 Nov 2008 17:47:32 +0000

I live and work in the Reading area. Boscov’s got into deep doo-doo when Albert Boscov retired and the “New Breed” took over. The new guys bought what was left of the bankrupt Federated Dept Store chain (10 stores in total) which put them on the hook for debt that they couldn’t repay when the economy went in the toilet. Albert will likely re-take control for now, but the kiddies that got the company in trouble are STILL THERE! This doesn’t bode well for the company’s future.

By: Trop

Trop — Sat, 22 Nov 2008 14:29:08 +0000

There was a great piece on NPR comparing the auto bailout to a gambling industry bailout. He made a compelling case that the now-suffering gambling industry employs more people, in more states, and supports more governments than the auto industry. He said we should prop up and bailout gambling. Which is ridiculous, which was his whole point. It was superb.

By: State legislatures really know how to lead | Conservative247

State legislatures really know how to lead | Conservative247 — Sat, 22 Nov 2008 02:34:54 +0000

[...] who may loose their jobs, we’ve now got Pennsylvania department store Boscov’s being offered state loans, grants or [...]

By: viking999

viking999 — Sat, 22 Nov 2008 02:24:28 +0000

This is absolutely ridiculous. The automaker bailout is downright logical compared to this. There are tons of American department store chains that actually turn a profit. Why should we care about Boscov’s? State pride? Who cares about state pride? People hardly care about national pride when it comes to bailouts, and rightly so.

By: ScottyDog

ScottyDog — Fri, 21 Nov 2008 19:41:21 +0000

On November 21st, 2008 at 8:24 am, Mostly Annoyed said:

I could not agree more.

This is nothing more than theft and fast eddy should be prosecuted for stealing government funds and transferring them to a private company.

By: iowavette

iowavette — Fri, 21 Nov 2008 19:32:40 +0000

I have purchased linens from Boscovs over the internet for several years. Suspect those low prices didn’t help with the overhead. They must have fired the internet staff early. I haven’t received an internet ad from them in several months.

By: Michelle Malkin » Pennsylvania: You bail out department stores, we’ll take a pay raise!

Fri, 21 Nov 2008 19:00:27 +0000

[...] in federal money — your money — to bail out ailing department store Boscov’s. (link) So, with all the belt-tightening and rough economic sledding ahead, what are Pennsylvania state [...]

By: RobM1981

RobM1981 — Fri, 21 Nov 2008 16:06:16 +0000

I’m with 1328 on this one. This is what PA and NJ voted for.

The skids are greased and we are accelerating into the abyss

We get FDR’s disastrous economic policies with JFK’s suicidal foreign policies. Nice.

If we’re not bankupt or smoldering in 4 years it will be a miracle.

By: Mostly Annoyed

Mostly Annoyed — Fri, 21 Nov 2008 13:45:57 +0000

From what I can remember, Historaically speaking, every time the Dems have total control of both houses plus a Dem President, there is a MASSIVE retaliation against them over the next 2 election cycles. However, after the Repubilcn party pulls ahead they seems to get their HEADS STUCK UP THEIR COLLECTIVE A–ES! (Perhaps they already were, they were just kept locked away).

They all are a bunch of total POLITICIANS. Unfortunately, the behavior of our elected offichials as a whole has made the word “Politician” the worst insult I can think of. This is a very, very sad time in American history.

By: Mostly Annoyed

Mostly Annoyed — Fri, 21 Nov 2008 13:24:56 +0000

Pardon me if I’m stupid but where in the HUD Mission does it say “Prop up Mis-managed and BANKRUPTED retail chains”?

“HUD’s mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination. To fulfill this mission, HUD will embrace high standards of ethics, management and accountability and forge new partnerships–particularly with faith-based and community organizations–that leverage resources and improve HUD’s ability to be effective on the community level.”

Their website seems aimed at HOUSING, like the name says not Ecconomic Crap Sandwich. Gee, how about you use some of those HUD FUNDS ON HOUSING LIKE THEY WERE INTENDED?

From my understanding these funds are granted for a specific purpose and any use other that that purpose is FRAUD. But as with all the Federal funds that were illegaly diverted in New Orleans, anybody want to take a bet on a GAO or Congressional investigation?

By the way, I was pleased the find that there are no Starbucks in Italy. The closest one is in Switzerland. The Big people at Starbucks are smart enough to know that there already in a bar on every corner that serves better caffe for less than a Euro.

Maybe they should move to Boscovs or some un-named automakers. We would be buying cars that cost 5 tiimes what they are worth, with built in coffee makers!

By: AlohaGuy

AlohaGuy — Fri, 21 Nov 2008 07:00:14 +0000

Wow, great minds think alike! …or was it that obvious?

Two people make a majority – Starbucks will be saved. Is $350 billion enough? Please print all Soviet slogans on the cups.

By: Jet Jaguar

Jet Jaguar — Fri, 21 Nov 2008 05:31:11 +0000

On November 20th, 2008 at 10:52 pm, oldbuckaroo said:

Hows about a helping hand for Starbucks? I mean, sheeesh …. I actually had to walk TWO BLOCKS to get a frickin’ latte since they had to close the store one block closer to work. WTF is this world coming to???

Wow, great minds think alike! …or was it that obvious? too weird.

By: Jet Jaguar

Jet Jaguar — Fri, 21 Nov 2008 05:26:47 +0000

How about the taxpayers bailing out Starbucks? They’re set to shut down thousands of stores. Letting them fail is discrimination against people who pay huge sums of money for a cup of coffee. (crap on this puny “venti” size – I always ask for a “Big Gulp” but they never deliver. What’s with that?)