Is America Throwing in the Towel?

Slate’s Daniel Gross ponders the closing of a Circuit City store on Broadway as a sign of the times. Once, in happier days, a company the size of Circuit City would have filed for Chapter 11 and launched a new game plan. But dire predictions about the length of the recession may be putting the kibosh on optimism, despite the enthusiasm for the new president. Could our “Yes We Can” president be facing a “No We Can’t” economy?