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Indeed, I hate to be the one to break it to you, but there will be no Christmas this year. Unfortunately CNBC Business News is reporting that Santa Claus LLC has filed for bankruptcy today. The founders of Santa Claus LLC, Mr. Claus and Mrs. Claus said that they tried to run the business at a profit, but had difficulty due to over regulation and a multitude of hardships over the years.

Apparently, the last straw was the new Obama Health Care Costs for the elves. It turns out they had a pretty good health care program all along, but the healthcare insurance company had to raise rates, after the public health care plan came into existence. But there were other issues that cause the demise; it appears that the glitches in the Federal Aviation Administration air traffic control system were also a problem causing huge delays.

After the global economic crisis and meltdown the commercial credit markets were so tight, that Santa Claus LLC was unable to buy the parts inventory they needed to make all the toys this year’s Christmas, that coupled with a recent labor strike made it nearly impossible to fill the demand of all the kids who wanted free toys. When Santa Claus Inc. put in for a stimulus package buyout, but the Obama Administration said “It’s isn’t too big to fail,” and it isn’t politically correct to support Christmas anymore.

Indeed, this year’s Christmas I guess we are all stuck with Chinese toys, that have lead based paint, but on a happy note Mr. and Mrs. clause are not bitter, and they are happy to get out of the cold and move to Florida because global warming just isn’t happening fast enough as they had hoped in the North Pole. The Claus’s want to wish everyone a great happy consumer Christmas, and they told me to wish all of you good luck.

Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank. Lance Winslow believes in capitalism as you probably figured out. Article Source: http://EzineArticles.com/?expert=Lance_Winslow

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