Obomination: Retail Sales Fizzle In June...

Discussion in 'Economy' started by paulitician, Jul 16, 2012.

  1. paulitician
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    paulitician Platinum Member Supporting Member

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    US retail sales fizzled in June, falling for the third consecutive month amid lower gasoline prices and as consumers kept a tight hold on their wallets, government data showed Monday.

    Retail sales fell 0.5 percent from May, while sales excluding automobiles and parts dropped 0.4 percent, the Commerce Department reported.

    Over the April-June period, retail sales were down 0.2 percent from the first quarter, and ex-auto sales were down 0.3 percent.

    The June decline in retail and food services sales surprised most analysts, who had estimated on average a 0.2 percent increase last month.

    "It may be the hottest summer on record but US retailers are feeling a chill," said Jennifer Lee at BMO Capital Markets.

    Lee said the decline was a "not shocking-knock-me-off-my-chair move, considering the headwinds consumers are facing these days -- slower job growth, equity market volatility, negative headlines abound on the European debt crisis and possible tax hikes and more expensive health care premiums"...

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    Retail Sales Fizzle in June
     
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  2. DontBeStupid
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    DontBeStupid Look it up!

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    Gas prices rise, you cry and blame Obama.

    Gas prices fall, you cry and blame Obama.

    Stop crying.
     
  3. paulitician
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    paulitician Platinum Member Supporting Member

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    It is an awful Obomination. I'm not crying, i'm just stating fact.
     
  4. DontBeStupid
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    DontBeStupid Look it up!

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    heh heh

    You're such a coward.
     
  5. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Don'tBeBlindedByPartisanship.
     
  6. WillowTree
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    WillowTree Diamond Member

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    This economy is fucked up and it all belongs to obamer.
     
  7. DontBeStupid
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    DontBeStupid Look it up!

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    Pauli was the one crying for months about how gas prices were going up and up and would be at $5 by summer. Well, now it's summer, and gas prices have dropped. So is Pauli happy? No. Now he's crying because retail sales dropped a bit. Well, what the fuck was thinking would happen? If prices drop, sales drop!

    He's either a complete idiot or a whining hack. Maybe he works for Romney.
     
  8. paulitician
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    paulitician Platinum Member Supporting Member

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    What were Gas Prices when your Dear Leader took office? Get back to us when you get informed.
     
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  9. DontBeStupid
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    DontBeStupid Look it up!

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    Thanks to Bush's Recession, gas prices were around $1.70 when Obama took office. Big fucking deal! Only a partisan hack would think THAT number represents any kind of norm.

    [​IMG]

    Plus, as you can clearly see, gas prices are no where near the high we had under your Right Wing God, George Bush.

    But hey, if you want to ignore reality and be a whiny little cry baby, go for it.
     
  10. The T
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    The T George S. Patton Party Supporting Member

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    The same as your side did with Bush. What did Bush do? Upped drilling permits...prices fell. What was GAS when Obama took over again dumbass?

    :eusa_hand:
     

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