Re: Obamanomics
What part of down don't you get?
When gas prices were falling by a penny you were crowing like the cock of the walk.
If 3 months in a row become 11 months in a row, it all adds up. Down is not up!!
First of all, everytime I have something to put you in your place in a conversation, its edited out, so let me say this instead. YOU dont know JACK about the economy. Lets start by asking you where are retail sales compared to 2008? And then, after 2008, what percentage of increase was there, and then finally, this 5 tenths of 1 percent change is from where? 2008 numbers or 2011 numbers.
If you subtract 5 tenths of 1 percent from 2011 numbers THEY ARE STILL HIGHER THAN THE NUMBERS POSTED BY GW BUSH.
You have to know where we were, versus where we are in the economy.
ALL YOU HEAR IS DOWN, and that triggers your HATRED.
5 tenths of 1 percent isnt squat, or it means effectively FLAT, no change. High gas prices in april , may and early JUNE led to the decline in consumer spending, but now that gas is down, spending will be up in next months report. Its all cyclical, not that you would know what that means.
There are reasons people stop spending disposable income. Auto sales are booming, homes are selling faster now, and the iNTERNET IS KILLING the retail stores.
REMEMBER, if you can, that internet sales are NOT INCLUDED in RETAIL SALES from stores. The internet is stealing away business from the retail sector in bigger and bigger chunks each year. IN 10 year time, store fronts will have reduced by 50% due to the internet.
Large malls will be mostly empty as customer continue to transition to the internet and free shipping at huge discounts.
UPS has been BOOMING for almost 4 years now under President OBAMA. We have hired more drivers in the last 24 months then ever before, with more trucks running.
You cant do that in a recession.
Peace
TOS