Skip to comments.American flag seller files for bankruptcy
Posted on 07/01/2012 10:22:18 AM PDT by OrangeHoof
When selling the business of patriotism, put emphasis on the red.
A little over a week before America celebrates its 236th birthday, Wisconsin-based flag seller Liberty Flag & Specialty Co. filed for bankruptcy protection.
(Excerpt) Read more at blogs.wsj.com ...
Pirate flags might do better.
I just bought a new one yesterday. They are the only flags I can find MADE IN THE U.S.A!
Hope they can figure their way out of this.
(only to the extent, we encourage companies to buy things elsewhere)
And more important, tax imports...
I’m surprised how many supposed patriots buy crappy American flags. (And last year, I checked—Walmart’s flags were made in the USA).
Have you noticed that under Obama there have been numerous stories about neighborhood associations banning the display of the American flag? We never saw stories like this when Bush was president, but now it happens all the time.
As long as Obama is president, more people will be prosecuted for flying the American flag and people will stop buying American flags.
A companies making those “Che” T shirts flourish.
And companies making those “Che” T shirts flourish.
This kind of bummed me out but I listened to this and it made me feel better:
That'll learn 'em!
Out-of-control Homeowners’ Association threads have been a staple of FR for as long as I can remember.
Last time I looked Wally World sold American made U.S. Flags. And that was just recently.
So try again.
Smoot-Hawley was when we exported everything. Thus, it was counter-productive.
Now we’re in the opposite situation.
We need to export. Massively export.
Double the price of oil, for the children!
Everyone: read the article before going off the deep end.
Liberty Flag is a SELLER. They buy the flags from Eder, to whom they owe a crapload of money.
Eder makes flags here in the U.S., is NOT going bankrupt, and sold nearly twice as many flags as were imported into the U.S. last year. And Eder claims demand is rising.
Interesting side note: They say flagpole sales are outpacing American flag sales. Hmmmmm....
We only exported $1.48 trillion worth of goods last year. About 10% of GDP. Hardly anything at all.
Why can’t you follow the logic? We must raise taxes on ourselves because Walmart sells American flags made in the USA.
I bought my American flag from Walmart a year ago and it was also “Made in America.”
I think I see the problem...
“...the nine-employee shop located half a block south of Reedsburgs Main Street immediately asked its bankruptcy judge for permission to spend the pools of money that it had promised to set aside for its lender, Community First Bank. The cash will keep the lights on at its headquarters as executives figure out if the company can find a way to survive using Chapter 11 protection.”
A NINE employee shop has executive”s” & a headquarters. Sounds like they could trim some overhead!
Again, I have not looked since just before the 4th last year, but even the itty-bitty, cheap plastic ones were made in the USA. I was surprised, frankly.
Well when even American flags are in danger, we need to do something.
We can joke about this, but eventually we will make nothing and all be unemployed.
Period. Democrat or Republican. It’s got to stop.
I say let’s start with US Flags.
Look for Annan flags...made in the USA. Big manufacturer.
I would still expect any business, regardless of what it is, to keep expenses to a minimum. A 9-person shop doesn’t need executives. And I would think that the office for owner/manager would be IN the shop - not at a ‘headquarters’.
I worked for a family-owned business years ago. They tried to help other family members by bringing them in to run the business, rather than putting them on the shop floor. It got too top-heavy & they almost ran it OUT of business. They finally had to make some sensible changes - like letting those family members find jobs somewhere else.
And who is going to buy our exports?
Liberty Flag needs a tax payer funded bailout ASAP.
(Just trying to prevent frustrating web searches)
Frankly anymore, we needn’t worry about buying our exports.
Nobody does, unless there’s some other reason to buy them.
So sell what we do now, but tax all imports.
Now. We’ll sell the same amount overseas, and buy more internally.
That’s not perfect, but it’s a start in the right direction!
And you think nobody will retaliate by raising tariffs on our exports and decimating what exports we have left?
We now fly this at our house.
(on our third flag)
Because if they don't use the bank's cash collateral, the executives can't maintain their lifestyle.
If I spotted the correct 'Community First Bank', it looks like they've already reserved for the loss. (One of them had loss reserves more than 1000% of delinquent loans, and I'm guessing that it is this one that they were preparing for.)
“They say flagpole sales are outpacing American flag sales. Hmmmmm....”
That’s for all the new islamic sharia (SPIT!) flags which’ll be flying if 0bummer (SPIT!) wins the GE on 11/6. Flying an American Flag will become a crime if that POS’s re-elected.
I just took delivery of a new US flag yesterday. It was made by Annin which I believe is the largest US flag manufacturer in the country. The info sheet that came with the flag states that Annin flags are assembled in the US of US made fabric. Annin is headquartered in northern New Jersey and has three flag plants in the US. This family owned company has been in business since the mid 1800s.
"Thats for all the new islamic sharia (SPIT!) flags which lib-dems/LSMs will be happily flying if 0bummer (SPIT!) wins the GE on 11/6. Flying an American Flag will become a crime if that POSs re-elected."
I’ve never had a problem finding a US-made US flag. The companies that manufacture them here advertise it (as they should).
Now that we can tax inactivity, I suggest a $100.00 Tax on anyone who does not buy an American Flag from an American Manufacturer at least once per year, which taxpayer may avoid the tax by sending the original receipt to the IRS with its tax return each year.
Wisconsin ping: Go buy a Wisconsin made flag for the season, if you haven’t bought one yet. Menard’s carries American made American flags.
FReep Mail me if you want on, or off, this Wisconsin interest ping list.
There you go again. Calling for more taxes on already hard-pressed Americans. You really should apply for a job in the current administration.
Y'know. Maybe this guy just wasn't a very good businessman. If you read the article, you'd know that another American flag-maker is doing just fine.
Hi yankee...You funny...haha...Walmart you friend..We sell lot of flag...Yankee flag too...Haha...you buy yankee flag and some tainted doggy yum yums...You like, make you proud, make you and doggy happy yankee...hahah..bye bye now!
Thanks...sorry for any confusion.
Annan is a brand of coffee, or something.
CF Flag and America’s Flag Company. Made in the USA!
And they're located right in Milwaukee (actually Oak Creek.)
Highest quality flags ever...
Thanks both of you.
Too much information? :)