As kids prepare to go back to school, many states offer a tax free weekend for all kinds of items; school supplies, clothes, computers, etc. As we know, consumer spending has been pretty low. A logical conclusion is that many people will take advantage of the tax savings and finally open their wallets. They will finally break down and spend money on things they probably would have purchased at some point anyways (clothes being a big one). The really interesting part about this will be when the MSM reports August sales. I can see it now, they will all be reporting "higher than expected retail sales", or "surprising jump in retail sales". It really won't be a "surprise" or "unexpected" to anybody with half a clue. Then they ( the MSM and probably Mr Obama as well) will proceed to announce that the economy is improving and the recession is weakening. But nobody, and I mean nobody will point out the fact that people are more inclined to spend money when the tax rates are lower, that their buying power is increased when the tax rates are lower. Just wait and see.