Most Popular Choices
Share on Facebook 11 Printer Friendly Page More Sharing
OpEdNews Op Eds   

Top 3 Signs the Economy is Still in Deep Trouble

Message Ward Harkavy

source article

Don't get too giddy about the Dow's upward climb. Here are three signs that the economy is still hurting really bad:

1: Tim Geithner still can't sell his house, despite all this supposed good news about the housing market.

2: Radio Shack seems to be doing well, but nobody gives a sh*t. The least sexy electronics outlet reported quarterly earnings that beat estimates. No one cares, however, that the homely chain is cutting costs: Its share price is falling.

3: Still plagued by bad marketing moves, GM is rumored to be replacing its Saturn model with the Uranus. Without mentioning that rumor, AdAge's Al Ries hammers GM - the company you bailed out - for picking Bob Lutz as its new advertising and marketing czar, saying it "shows no respect for marketing."

MLive notes that Lutz "crapped all over" GM's new ad campaigns (especially a Buick TV commercial) and then dashed off to the Caribbean for a vacation.

Rate It | View Ratings

Ward Harkavy Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Ward Harkavy is currently Senior Editor at the Village Voice, for which he writes The Smart Asset.
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

 
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

CIT Bankruptcy: Taxpayers Stiffed on Company's Bailout Billions While Execs Reap Bonuses

Fort Hood's Killer Shrink: Was He One of the Army Docs Pressured to Misdiagnose PTSD in Soldiers?

Pocket Rockets: The 10 Highest-Paid CEOs of 2008

Bank Robs You: Chase's Hefty Profits Put Lie to Claim That Consumers Have to Spend More to End the Recession

Was Obama 'Conned' by Big Pharma or Is He Just Running a 'Protection Racket'?

Israeli-American fraudsters swindled tens of millions from IRS, say Israeli cops

To View Comments or Join the Conversation:

Tell A Friend