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I am interested in this topic. Why was this a surprise to Walmart? Is this the beginning of a crash? A recession? Didn't we have negative growth last quarter?
Is it because of delayed tax returns? Or the tax increase?
I am not a fan of Walmart but I not think millions of Americans said "I am not going to but cheap Chinese slave labor crap anymore." And they did not go to their local mom and pop because they are out of business.
I am here to learn.
It is being blamed in large part because of the return to the higher tax rates. The ever increasing energy costs will further drag the economy down.
Oh please. I'm simply trying to figure out your Economic background. Don't make a thread about Economics if your not ready to discuss economics.
The fact is that our marginal income tax increase has little to do with our spending power. There's several reasons as to why our spending power has decreased.
That's a typical ******* response. Don't like the message attack the messenger.
SPIN, SPIN, SPIN!
There is nothing wrong with pointing out that those who start off with name calling have no argument or they would not be so insecure as to start off that way.
Oh please. I'm simply trying to figure out your Economic background. Don't make a thread about Economics if your not ready to discuss economics.
Quote:
The fact is that our marginal income tax increase has little to do with our spending power.
There's several reasons as to why our spending power has decreased.
Are you here to troll or are you here to debate?
I get paid bi monthly and I believe my check was around $70 shorter. Multiply that out by millions and that is more than marginal. Add in my wife's check which was around $40 and that is $200 a month. No small amount.
A primer that the *******s here need to pay special attention to. You can thank me later!
Wal-Mart shares are tanking after the company’s executives called February sales a “total disaster.”
Wal-Mart is facing a scary reality: the ailing finances of its core customers, Brian Sozzi, chief equities analyst at NBG Productions, told us.
“Wal-Mart shoppers are the barometer of the U.S. consumer, and these emails reflect common sense about customers,” Sozzi told us. “The consumer isn’t mentally or physically ready to spend on discretionary inventory and there’s no reason to be optimistic.”
It is all very predictable. Raise taxes and people buy less stuff. The velocity of money slows. There are fewer sales taxes collected in stores. Employees get laid off and stop paying income taxes. Laid off employees start collecting government checks. Tax revenues fall. Deficits increase.
Search on this site for "2A looney", "Conservatard", etc and then get back with me.
You can't have it both ways.
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