Round Two Of "The Great Bush Depression" Now In Sight! Retail Sales Down In May!
in [Product Reviews]
|
Prev: FORTUNETELLERS Are Legit, Says Maryland Court! Scientologists Are Beside Themselves! ("See?" They Tell Doubters ...)
Next: Add me to the long-list who've used a Credit Card and got DOUBLE CHARGE
From: GLOBALIST on 11 Jun 2010 09:00 On Jun 11, 7:50 am, Sigmond Fraud <slipuva...(a)yahoo.com> wrote: > The long-predicted 13.5-percent national UNEMPLOYMENT rate by mid-2011 > is steadily becoming reality. > > Yet U.S. jobless, education-less, racist dumb'uns prefer to blame > Obama! > > ===== > "Retail sales drop 1.2 percent in May" > > By MARTIN CRUTSINGER > The Associated Press > Friday, June 11, 2010; 8:34 AM > > WASHINGTON -- Retail sales plunged in May by the largest amount in > eight months as consumers slashed spending on everything from cars to > clothing. The big drop raises new worries about the durability of the > economic recovery. > > The Commerce Department says that spending fell 1.2 percent last > month. Auto sales were down 1.7 percent but there was widespread > weakness in a number of areas. Excluding autos, sales fell 1.1 > percent. > > The big decline cast new doubts about the strength of the economic > recovery. Consumer spending accounts for 70 percent of total economic > activity. Economists are concerned that households will start trimming > outlays as they continued to be battered by high unemployment. > > http://www.washingtonpost.com/wp-dyn/content/article/2010/06/11/AR201... That is a healthy indication that folks are learning to save and not spend like they previously did. They are going to have to do a hell of alot more of that in the coming years.
From: Rod Speed on 11 Jun 2010 14:07 GLOBALIST wrote: > On Jun 11, 7:50 am, Sigmond Fraud <slipuva...(a)yahoo.com> wrote: >> The long-predicted 13.5-percent national UNEMPLOYMENT rate by >> mid-2011 is steadily becoming reality. >> >> Yet U.S. jobless, education-less, racist dumb'uns prefer to blame >> Obama! >> >> ===== >> "Retail sales drop 1.2 percent in May" >> >> By MARTIN CRUTSINGER >> The Associated Press >> Friday, June 11, 2010; 8:34 AM >> >> WASHINGTON -- Retail sales plunged in May by the largest amount in >> eight months as consumers slashed spending on everything from cars to >> clothing. The big drop raises new worries about the durability of the >> economic recovery. >> >> The Commerce Department says that spending fell 1.2 percent last >> month. Auto sales were down 1.7 percent but there was widespread >> weakness in a number of areas. Excluding autos, sales fell 1.1 >> percent. >> >> The big decline cast new doubts about the strength of the economic >> recovery. Consumer spending accounts for 70 percent of total economic >> activity. Economists are concerned that households will start >> trimming outlays as they continued to be battered by high >> unemployment. >> >> http://www.washingtonpost.com/wp-dyn/content/article/2010/06/11/AR201... > > That is a healthy indication that folks are learning to save and not > spend like they previously did. > They are going to have to do a hell of alot more of that in the coming years. Bet they dont.
From: Cindy Hamilton on 11 Jun 2010 14:08 On Jun 11, 8:50 am, Sigmond Fraud <slipuva...(a)yahoo.com> wrote: > The long-predicted 13.5-percent national UNEMPLOYMENT rate by mid-2011 > is steadily becoming reality. We'd love to see 13.5% unemployment here in Michigan.
From: Rush'sButtBoy on 12 Jun 2010 10:05 On Jun 11, 2:08 pm, Cindy Hamilton <angelicapagane...(a)yahoo.com> wrote: > On Jun 11, 8:50 am, Sigmond Fraud <slipuva...(a)yahoo.com> wrote: > > > The long-predicted 13.5-percent national UNEMPLOYMENT rate by mid-2011 > > is steadily becoming reality. > > We'd love to see 13.5% unemployment here in Michigan. ============= Okay ... for Michigan we'll shoot for 18-percent. That enough?
From: freeisbest on 12 Jun 2010 10:22
On Jun 11, 8:50 am, Sigmond Fraud <slipuva...(a)yahoo.com> wrote: > The long-predicted 13.5-percent national UNEMPLOYMENT rate > by mid-2011 is steadily becoming reality. > > Yet U.S. jobless, education-less, racist dumb'uns prefer to blame > Obama! -------------------------------------------------------------------------------------------------- Sad, isn't it, but that's what dumb MEANS - (a) always believing Repubs when they bray that the free market merry-go-round will never, ever stop, no matter what THEY do; (b) blaming exactly the people who DIDN'T make the mess; and (c) continuing to suck up to the Free Marketeers who skimmed all the money out of the U.S. Treasury. -------------------------------------------------------------------------------------------------- > ===== > "Retail sales drop 1.2 percent in May" > By MARTIN CRUTSINGER > The Associated Press > Friday, June 11, 2010; 8:34 AM > > WASHINGTON -- Retail sales plunged in May by the largest > amount in eight months as consumers slashed spending on > everything from cars to clothing. The big drop raises new > worries about the durability of the economic recovery. -snip- > > The big decline cast new doubts about the strength of > the economic recovery. Consumer spending accounts for > 70 percent of total economic activity. ----------------------------------------------------------------------------------------------------------- But.. but... but them there Nobel economists down to WalMart told us - exporting jobs don't hurt nuthin'! > http://www.washingtonpost.com/wp-dyn/content/article/2010/06/11/AR201... |