America’s offerings for consumer electronics decreased last week when Circuit City announced the liquidation of its remaining 567 US stores. While they are a competitor of Best Buy, I take no satisfaction in watching a major US company file for bankruptcy. Sadly, 34,000 Circuit City employees, our neighbors and friends, are losing their jobs. Unemployment is especially troubling in such a challenging economy.
This is a time of economic readjustment for the US economy. Americans have gone through these types of changes before. I have complete confidence in our country and my fellow Americans to weather the changes ahead. America rests on a bedrock of hardworking people who have a firm understanding of responsible behavior; therefore, we shall progress as a country and a society.
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