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Old 07-22-2012, 10:57 AM
 
5,787 posts, read 4,536,249 times
Reputation: 852

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Thanks Barack.

The US retail sector is now at its lowest level since the summer of 2009.

Profit Confidential reported:


The retail sector reports that sales for June, for stores open at least one year, gained an anemic 0.1%, the slowest rise since August 2009.


This was the third month in a row of significant weakness in the retail sector!


When compared to the 6.7% rise in sales in the same period last year for the retail sector, this 0.1% rise in retail sales from last month reveals how weak consumer spending in this supposed economic recovery is.



Remember, dear reader: 70% of gross domestic product (GDP) is composed of consumer spending.
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Old 07-22-2012, 10:57 AM
 
42,783 posts, read 23,679,275 times
Reputation: 22696
I wonder what bubble we can inflate next before the elections??
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Old 07-22-2012, 11:11 AM
 
Location: planet octupulous is nearing earths atmosphere
13,620 posts, read 12,303,862 times
Reputation: 20049
Quote:
Originally Posted by jt800 View Post
Thanks Barack.

The US retail sector is now at its lowest level since the summer of 2009.

Profit Confidential reported:


The retail sector reports that sales for June, for stores open at least one year, gained an anemic 0.1%, the slowest rise since August 2009.


This was the third month in a row of significant weakness in the retail sector!


When compared to the 6.7% rise in sales in the same period last year for the retail sector, this 0.1% rise in retail sales from last month reveals how weak consumer spending in this supposed economic recovery is.



Remember, dear reader: 70% of gross domestic product (GDP) is composed of consumer spending.

the big fat false economy is rearing it's ugly head again..
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Old 07-22-2012, 11:12 AM
 
Location: Here
11,554 posts, read 13,430,141 times
Reputation: 6916
We're out of the ditch....
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Old 07-22-2012, 11:47 AM
 
5,787 posts, read 4,536,249 times
Reputation: 852
Quote:
Originally Posted by 01Snake View Post
We're out of the ditch....

......and into a trench!
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Old 07-22-2012, 11:50 AM
 
Location: Lost in Texas
9,827 posts, read 6,689,869 times
Reputation: 3413
But but, the economy is slowly recovering... Obama told me so!!!!
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Old 07-22-2012, 11:53 AM
 
Location: Great State of Texas
86,052 posts, read 81,459,680 times
Reputation: 27707
When you have a consumer based economy full of consumers not spending what else would they expect ?
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Old 07-22-2012, 01:06 PM
Status: "The normies are now awake" (set 1 day ago)
 
Location: Metro Detroit, Michigan
26,284 posts, read 21,420,861 times
Reputation: 25575
Quote:
Originally Posted by HappyTexan View Post
When you have a consumer based economy full of consumers not spending what else would they expect ?
Too bad all those low paying retail jobs can't support healthy retail sales. The fake economy is such an inconvenience for Barry... The only hope is to prop it up with more money we don't have...
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Old 07-22-2012, 01:51 PM
 
2,553 posts, read 2,339,086 times
Reputation: 1350
Quote:
Originally Posted by jt800 View Post
Thanks Barack.

The US retail sector is now at its lowest level since the summer of 2009.
So, we're just set on pretending that the US economy exists in a vacuum, disconnected from a faltering global economy? And that the President must compromise with an openly anti-Obama Republican party, even when Obama is taking previously Republican stances?

Why is there so much mud slinging without regards for context?
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Old 07-22-2012, 02:29 PM
 
Location: Here
11,554 posts, read 13,430,141 times
Reputation: 6916
Quote:
Originally Posted by jt800 View Post
......and into a trench!
I'd have went with "over the cliff" but I guess "trench" will do.
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