Thanks for Nothing, America: Harry & David Is Bankrupt

Despite our warnings to you that this would happen if you didn't run out and purchase several cases of wildly overpriced pears, it appears that you didn't listen: Harry & David has declared bankruptcy.

Burdened by nearly $200 million in short- and long-term obligations, Harry & David has been battered in the recession, with customers cutting back on luxury items like gift baskets of fruits and snacks.

How could you, America?

[WSJ. Photo via]