More Proof The US Economy Is Strong

[red states rule]

All during the recent election, Dems have been screaming how rotten the US economy is.

Lets see how the libs spin the crowded roads and airports today with people spending money traveling to their Thanksgiving destinations

On Friday the stores will be packed with happy Christmas shoppers spending alot of money

What really makes me happy, is the lefts #1 retail whipping post, Wal Mart, will take in the lions share of shopping dollars on Friday

Since Wal Mart has put Christmas back into Christmas; and cut food prices by as much as 20% - 40%; the stores should be more crowded then last year

 

[red states rule]

So much for all the bad economy talk..............


U.S. Retailers Kick Off Holidays With Discounts, Long Hours
Friday, November 24, 2006

Bargain shoppers, many braving frigid temperatures, headed to the nation's stores and malls before the sun rose on Friday to nab specials on everything from toys to flat-screen TVs as the holiday shopping season officially opened.

In a slowing but still steady economy, retailers heightened their pitch to shoppers with expanded hours, generous discounts and free money in the form of gift cards. A growing number of stores and malls threw open their doors at midnight to jump-start the season. CompUSA Inc. and BJ's Wholesale Club Inc. (BJ) even opened on Thanksgiving for the first time to grab customer dollars before the competition does.

"Retailers are doing more to get consumers into the stores earlier this year," said C. Britt Beemer, chairman of America's Research Group, based in Charleston, S.C.

At a Wal-Mart (WMT) store in Cincinnati, Gary Miller, a 45-year-old computer programmer, was on the hunt for a 20-inch LCD television that he had seen advertised online.

"My wife sent me out for this one," he said, pointing to the television in his shopping cart. "But then I saw this one (a 20-inch conventional TV) for $85 and said, what the heck, I'll get that one, too."

Meanwhile, Monica Midkiff, a 27-year-old homemaker from Peebles, Ohio, said she got up at 3:30 a.m. to go to Wal-Mart for a VTech game system.

"They usually cost about $60, but this was on sale for $30. That's a deal," she said.

Midkiff said she was on her way next to KB Toys and Toys "R" Us while her husband took care of their five children. She said she didn't mind the crowded stores on Friday morning.

"That place was crazy — a madhouse," she said.

Also at the Wal-Mart in Cincinnati was Clint Stapleton, 20, a construction worker from Mount Orab, who said he was happy with the deal he got on one of Wal-Mart's featured items, a 32-inch LCD TV. He said he paid $630 for a TV that usually costs about $1,000.

"After I got that, I said, that's enough, but I think I'll still look for an Xbox somewhere," Stapleton said.

In Albany, Ga., Cheryl Haley, 37, was among the 300 people lined up outside a Circuit City store when it opened at 5 a.m.

"This is the only thing on my little boy's list," said Haley, of Albany, Ga., pointing to the store circular advertising a $299 laptop. "I couldn't pay $800 for it."

She and her sister, Wendy Blount, 35, of nearby Lee County, argued over who earned the spot at the head of the line.

"I drove her here, so I'm first," Blount said.

Eric Gordon, 30, of Albany, arrived half an hour before the store opened — far too late to get one of the limited number of bargain computers.

"I should have stayed in bed and shopped online," he said. He noted it was his first Black Friday shopping experience.

Wal-Mart Stores Inc., the world's largest retailer, which promised its most aggressive price strategy ever this holiday season, is using heavily discounted TVs, such as a Viore 42-inch plasma TV for $988, to attract shoppers to its doors for its 5 a.m. opening on Black Friday, so named because it is traditionally when a surge of shopping makes stores profitable for the year.

Meanwhile, Sears Holdings Corp.'s Sears, Roebuck and Co., (SHLD) which opened at 5 a.m. Friday, one hour earlier than a year ago, was giving out $10 reward cards for the first 200 shoppers who showed up. Other early bird specials include Protron 37-inch LCD HDTVs for $949.99 and 50 percent discounts on many toys. At Sears Holdings' Kmart stores, shoppers will find 50 percent discounts on men's and women's outerwear as part of its early morning doorbusters.

While Black Friday officially starts holiday shopping, it's generally no longer the busiest day of the season — that honor now falls to the last Saturday before Christmas. But stores see Black Friday as setting an important tone to the overall season: What consumers see that day influences where they will shop for the rest of the season.

Last year, total Black Friday sales dipped 0.9 percent to $8 billion from the year before, dampened by deep discounting, according to Shopper Trak RCT Corp., which tracks total sales at more than 45,000 mall-based retail outlets. For the Thanksgiving weekend, total sales rose just 0.4 percent to $16.8 billion.

Still, last year merchants ended up meeting their holiday sales projections, helped by a last-minute buying surge and post-Christmas shopping.

This year, analysts expect robust holiday sales gains for the overall retail industry, though the pace is expected to be slower than a year ago. The National Retail Federation projects a 5 percent gain in total holiday sales for the November-December period, less than the 6.1 percent in the year-ago period.

Meanwhile, the International Council of Shopping Centers estimates sales at stores open at least a year will rise 3 percent in the November-December period, less than last year's 3.6 percent.


http://www.foxnews.com/story/0,2933,231679,00.html
__________________

 

[sealybobo]

All during the recent election, Dems have been screaming how rotten the US economy is.

Lets see how the libs spin the crowded roads and airports today with people spending money traveling to their Thanksgiving destinations

On Friday the stores will be packed with happy Christmas shoppers spending alot of money

What really makes me happy, is the lefts #1 retail whipping post, Wal Mart, will take in the lions share of shopping dollars on Friday

Since Wal Mart has put Christmas back into Christmas; and cut food prices by as much as 20% - 40%; the stores should be more crowded then last year

Remember Republicans were lying or wrong leading right up to the Great Recession? This is a reminder. Back when they were defending Bush and his horrible economy. We told them things were not good but Republicans kept swearing things were fine leading right up to the big crash.

 

[ralfy]

Part of four decades of voodoo economics, and involving both parties which work for Wall Street.

 

[sealybobo]

Part of four decades of voodoo economics, and involving both parties which work for Wall Street.

You know what I love? This is the standard response we get whenever we talk about how Bush sucked. You simply won't take responsibility.

And you won't give credit either. For example you won't give Clinton credit for handing Bush a surplus. Or Obama getting us out of the Great Recession.

Clinton was lucky you say. He had a dot come bubble. Obama dindo nuthin you say. President's don't have much to do with the economy is what you say whenever you talk about a democratic administration.

But today Trump is doing a lot you say and doing a great job. He's not riding the dot OBAMA bubble oh no.

And why do you block who can see your history? I'd like to see how long you have been here and what threads you've started. They say a lot about a person. It's better than reading your palm.

 

[ralfy]

You know what I love? This is the standard response we get whenever we talk about how Bush sucked. You simply won't take responsibility.

And you won't give credit either. For example you won't give Clinton credit for handing Bush a surplus. Or Obama getting us out of the Great Recession.

Clinton was lucky you say. He had a dot come bubble. Obama dindo nuthin you say. President's don't have much to do with the economy is what you say whenever you talk about a democratic administration.

But today Trump is doing a lot you say and doing a great job. He's not riding the dot OBAMA bubble oh no.

And why do you block who can see your history? I'd like to see how long you have been here and what threads you've started. They say a lot about a person. It's better than reading your palm.

All Presidents did the same: allow deregulated Wall Street to operate, maintain a consumer spending economy, use the military and various foreign policies to keep the petrodollar propped up, and bail out out the rich when they got into trouble. This started with Reagan during the early 1980s, but one may see similar actions in Nixon and the petrodollar as well as the Carter Doctrine.

Hence, heavy borrowing and spending across the board for more than three decades.

Finally, I'm not sure what's wrong with my account. It's probably because they changed the board software but maintained my account info, which is why even I can't see my old posts. (I used to participate in a thread about peak oil and probably others.)

 

[sealybobo]

You know what I love? This is the standard response we get whenever we talk about how Bush sucked. You simply won't take responsibility.

And you won't give credit either. For example you won't give Clinton credit for handing Bush a surplus. Or Obama getting us out of the Great Recession.

Clinton was lucky you say. He had a dot come bubble. Obama dindo nuthin you say. President's don't have much to do with the economy is what you say whenever you talk about a democratic administration.

But today Trump is doing a lot you say and doing a great job. He's not riding the dot OBAMA bubble oh no.

And why do you block who can see your history? I'd like to see how long you have been here and what threads you've started. They say a lot about a person. It's better than reading your palm.

All Presidents did the same: allow deregulated Wall Street to operate, maintain a consumer spending economy, use the military and various foreign policies to keep the petrodollar propped up, and bail out out the rich when they got into trouble. This started with Reagan during the early 1980s, but one may see similar actions in Nixon and the petrodollar as well as the Carter Doctrine.

Hence, heavy borrowing and spending across the board for more than three decades.

Finally, I'm not sure what's wrong with my account. It's probably because they changed the board software but maintained my account info, which is why even I can't see my old posts. (I used to participate in a thread about peak oil and probably others.)

Just remember deregulation’s of Banks is something republicans push for. Democrats for example insist they keep so much cash on hand in case of an emergency, republicans play loose with this kind of thing. That’s what fucks us even more when a crash hits.

And republicans cry when carter and Clinton cut military spending. And we had no wars in those 12 years. A lot of waste goes on in our military spending. And who are these weapons manufacturers selling to? That’s not free market capitalism but military spending saves our economy. Stop that government spending we’re in a recession. And if you ever talk about cutting defense spending the republicans will cry about the jobs that will be lost. They talk like socialists when it comes to defense spending.

Clinton also had a projected surplus. Bush blew it taking us into Iraq for haloburton and the military industrial complex

 

[BuckToothMoron]

When it comes to the economy (and my money!) there is no room for partisanship. The OP and Sealydodo clearly don’t have a lot of money to be concerned with, because they let their politics influence their opinion of the economy.

Trump knows the economy is rather fragile, and so does his economic advisor Kudlow. Why else would they be screaming for the Fed to cut rates? Unfortunately the Fed has abandoned their original purpose and now seem solely focused on maintaining values in the stock market. The Fed bears the majority of blame for the wealth gap because of this type of policy.

 

[ralfy]

Just remember deregulation’s of Banks is something republicans push for. Democrats for example insist they keep so much cash on hand in case of an emergency, republicans play loose with this kind of thing. That’s what fucks us even more when a crash hits.

And republicans cry when carter and Clinton cut military spending. And we had no wars in those 12 years. A lot of waste goes on in our military spending. And who are these weapons manufacturers selling to? That’s not free market capitalism but military spending saves our economy. Stop that government spending we’re in a recession. And if you ever talk about cutting defense spending the republicans will cry about the jobs that will be lost. They talk like socialists when it comes to defense spending.

Clinton also had a projected surplus. Bush blew it taking us into Iraq for haloburton and the military industrial complex

FWIW, it was Clinton who repealed Glass-Steagall, and Obama continued both bailouts and wars started during Bush's term. And then there are the attacks on various countries during Obama's term, not to mention support of the drug war in Mexico and others, many of which continue during Trump's term.

Military spending has been high across several decades because of the military industrial complex and the need to keep the petrodollar propped up. The same goes for heavy borrowing and spending across the board.

That explains the chart in the article shared in my previous post. Both parties have the same neoliberal and neoconservative principles and work for Wall Street.

 

[sealybobo]

Just remember deregulation’s of Banks is something republicans push for. Democrats for example insist they keep so much cash on hand in case of an emergency, republicans play loose with this kind of thing. That’s what fucks us even more when a crash hits.

And republicans cry when carter and Clinton cut military spending. And we had no wars in those 12 years. A lot of waste goes on in our military spending. And who are these weapons manufacturers selling to? That’s not free market capitalism but military spending saves our economy. Stop that government spending we’re in a recession. And if you ever talk about cutting defense spending the republicans will cry about the jobs that will be lost. They talk like socialists when it comes to defense spending.

Clinton also had a projected surplus. Bush blew it taking us into Iraq for haloburton and the military industrial complex

FWIW, it was Clinton who repealed Glass-Steagall, and Obama continued both bailouts and wars started during Bush's term. And then there are the attacks on various countries during Obama's term, not to mention support of the drug war in Mexico and others, many of which continue during Trump's term.

Military spending has been high across several decades because of the military industrial complex and the need to keep the petrodollar propped up. The same goes for heavy borrowing and spending across the board.

That explains the chart in the article shared in my previous post. Both parties have the same neoliberal and neoconservative principles and work for Wall Street.

One creates a stronger middle class and smaller poor class. Guess which party?

Give you a hint. Unions, labor laws, minimum wage, unemployment insurance, Medicare, pensions for workers, new deal, affordable college....

Liberals created the middle class that mag.

 

[danielpalos]

U.S. National Debt Clock : Real Time

 

[ralfy]

One creates a stronger middle class and smaller poor class. Guess which party?

Give you a hint. Unions, labor laws, minimum wage, unemployment insurance, Medicare, pensions for workers, new deal, affordable college....

Liberals created the middle class that mag.

It's Wall Street that created that middle class through a consumer spending economy coupled with financial speculation and increasing oil production. The problem is that by the 1970s oil production peaked (which is why the U.S. had to strike a deal with KSA via the petrodollar, which also replaced a dollar presumably backed by gold) and real wages started dropping, so the country through the Reagan and Bush administrations then focused on deregulating the finance industry from the early 1980s onward to allow for more credit, thus allowing not just for more consumption but even more financial speculation among the middle class. The culmination of that was the repeal of Glass-Steagall during Clinton's admin, thus leading to a shadow derivatives market that, globally, has a notional value of around $1.2 quadrillion.

Only ("only") $1 trillion of that via house flipping and other quick money-making schemes was needed to cause the whole house of cards to fall apart, prompting Bush to bail out the rich and Obama to continue the same, leading to probably trillions in funds that even the GAO could not explain.

Meanwhile, whether it was the Carter Doctrine or the Reagan Doctrine, it didn't matter: Presidents from both parties used combinations of policies (from structural adjustment to low intensity conflict to outright invasion driven by false flags) to maintain "national interests," and that included Bush and Obama. As for the gullible public, it was fed on ideas of self-entitlement and exceptionalism made possible through extensive exposure to commercial mass entertainment, which is why after the Vietnam War, the massive protests disappeared, and they remained stuck with the fantasy that in a country essentially controlled by Wall Street bankers they were still in charge as long as the "correct" political party was in power.

 

[Toddsterpatriot]

Part of four decades of voodoo economics, and involving both parties which work for Wall Street.

You know what I love? This is the standard response we get whenever we talk about how Bush sucked. You simply won't take responsibility.

And you won't give credit either. For example you won't give Clinton credit for handing Bush a surplus. Or Obama getting us out of the Great Recession.

Clinton was lucky you say. He had a dot come bubble. Obama dindo nuthin you say. President's don't have much to do with the economy is what you say whenever you talk about a democratic administration.

But today Trump is doing a lot you say and doing a great job. He's not riding the dot OBAMA bubble oh no.

And why do you block who can see your history? I'd like to see how long you have been here and what threads you've started. They say a lot about a person. It's better than reading your palm.

For example you won't give Clinton credit for handing Bush a surplus.

Internet Bubbles are cool!!

So was Newt holding the line of Clinton's spending wishes.

Or Obama getting us out of the Great Recession.

The recession was over by June 2009. WTF did Obama do to get us out?

 

[Toddsterpatriot]

You know what I love? This is the standard response we get whenever we talk about how Bush sucked. You simply won't take responsibility.

And you won't give credit either. For example you won't give Clinton credit for handing Bush a surplus. Or Obama getting us out of the Great Recession.

Clinton was lucky you say. He had a dot come bubble. Obama dindo nuthin you say. President's don't have much to do with the economy is what you say whenever you talk about a democratic administration.

But today Trump is doing a lot you say and doing a great job. He's not riding the dot OBAMA bubble oh no.

And why do you block who can see your history? I'd like to see how long you have been here and what threads you've started. They say a lot about a person. It's better than reading your palm.

All Presidents did the same: allow deregulated Wall Street to operate, maintain a consumer spending economy, use the military and various foreign policies to keep the petrodollar propped up, and bail out out the rich when they got into trouble. This started with Reagan during the early 1980s, but one may see similar actions in Nixon and the petrodollar as well as the Carter Doctrine.

Hence, heavy borrowing and spending across the board for more than three decades.

Finally, I'm not sure what's wrong with my account. It's probably because they changed the board software but maintained my account info, which is why even I can't see my old posts. (I used to participate in a thread about peak oil and probably others.)

Just remember deregulation’s of Banks is something republicans push for. Democrats for example insist they keep so much cash on hand in case of an emergency, republicans play loose with this kind of thing. That’s what fucks us even more when a crash hits.

And republicans cry when carter and Clinton cut military spending. And we had no wars in those 12 years. A lot of waste goes on in our military spending. And who are these weapons manufacturers selling to? That’s not free market capitalism but military spending saves our economy. Stop that government spending we’re in a recession. And if you ever talk about cutting defense spending the republicans will cry about the jobs that will be lost. They talk like socialists when it comes to defense spending.

Clinton also had a projected surplus. Bush blew it taking us into Iraq for haloburton and the military industrial complex

Democrats for example insist they keep so much cash on hand in case of an emergency,

Yeah, Obama was really big on increasing capital requirements.
And then he whined that banks weren't lending.....moron.