Economy Refuses Obama Democrats

Discussion in 'Economy' started by Sinatra, Jan 14, 2010.

  1. Sinatra
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    Sinatra Senior Member

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    Obama's anti-business administration continues to hinder what would have naturally been an economic recovery without the Democrat led Big Government programming...
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    Retail sales fall unexpectedly; jobless claims up
    Retail sales drop 0.3 pct in December, plunge for year; new jobless claims rise


    WASHINGTON (AP) -- Retail sales unexpectedly fell in December, leaving 2009 with the biggest yearly drop on record and highlighting the formidable hurdles facing the economy as it struggles to recover from the deepest recession in seven decades.

    In another disappointing economic report, the number of newly laid-off workers requesting unemployment benefits rose more than expected last week as jobs remain scarce.



    Retail sales fall unexpectedly; jobless claims up - Yahoo! Finance



    December retail sales drop 0.3 percent
    Retail sales drop 0.3 percent in December as sales for all of 2009 plunge by record amount


    WASHINGTON (AP) -- Retail sales fell in December as demand for autos, clothing and appliances all slipped, a disappointing finish to a year in which sales had the largest drop on record.

    The weakness in consumer demand highlighted the formidable hurdles facing the economy as it struggles to recover from the deepest recession in seven decades.

    The Commerce Department said Thursday that retail sales declined 0.3 percent in December compared with November, much weaker than the 0.5 percent rise that economists had been expecting. Excluding autos, sales dropped by 0.2 percent, also weaker than the 0.3 percent rise analyst had forecast.


    December retail sales drop 0.3 percent - Yahoo! Finance
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  2. blastoff
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    blastoff Undocumented Reg. User

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    Guess the $787 phony stimulus didn't work, huh? No problem. There's always more where that came from that won't do squat either, but the Dimocrats will spend it nonetheless if they feel like it. Maybe if they tell us it'll keep unemployment below 11% this time?
     
  3. Sinatra
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    Sinatra Senior Member

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    The Democrats are destroying what would have been a natural economic recovery - if they would have simply gotten out of the way, or initiated some general incentive based stimulus (tax breaks) the economy would be looking far better than it is now.

    And now Obama wants to tax banks an additional 15% whether they took bailout money or not - WTF???????
     
  4. uscitizen
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    uscitizen Senior Member

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    Yep no TARP. Too big to fail is too big to let exist.
     

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