Well me little droogies...if you havent heard...Payless Shoe Stores are closing all their stores. Liquidation is already underway.

And, of course, liberals are screaming this is all Trumps fault. Its not. Or that the economy is to blame, it isnt. There are some rather disturbing facts about the closing of Payless and it happened long before Trump. According to Thoughtful Investor and Inside Business...

In 2012, an investor group, including Blum Capital Partners, Golden Gate Capital and Wolverine Worldwide, acquired Collective Brands in a $1.32 billion buyout, with Golden Gate Capital and Blum Capital Partners taking control of Payless, and the remaining footwear brands going to Wolverine. Wolverine footing most of the bill.

Blum Capital and Golden Gate Capital immediately took out over $350 million in cash from Payless and loaded the company down with debt from other companies they acquired...at a time when retail was struggling against huge online competition. Leveraged buyouts can be disastrous for companies because they can’t afford to pay all the bills plus additional interest expense on debt when sales are declining. Most customers would go into Payless, try on the shoes then leave and buy them online. Best Buy went through the same sort of thing until they offered price matching. Even for online deals.

Now comes the Disturbing part. Blum Capital belongs to Senator Dianne Feinsteins Husband and she is also an investor in it. And Golden Gate Capital is one of Nancy Pelosi's investment groups according to her SEC filings. It seems that Payless was bought out to simply take money from and deposit debt into. Its death was signaled the day it was bought out in 2012. This has nothing to do with Trump and everything to do with the greedy Democrats who cry "Wealth Redistribution" for us slaves...not them. And they surely profited from insider information on this because they passed a law allowing Congress to profit from Insider Trading...if you and I were to do this we'd be in prison!