(Article reprinted with permission.)
White Civil Rights Stunningly Bad Christmas Sales
Stunningly Bad Christmas Sales
by Jeff Davis
It takes a few weeks for the real economic statistics to seep out after all the cheery Democrat propaganda about a fictitious “recovery.” Now the truth about the 2009 Christmas season is finally starting to emerge, and it ain’t pretty.
Modern day soup kitchen.
A recent news article reports: “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.”
Now a sales decline in December is a catastrophe. This never happens during a normal Christmas. Apparently millions of children all over America got a lump of coal in their stockings or an equally disappointing sweater instead of that $300 Playstation 3.
The article notes “For the year, sales fell 6.2 percent, the biggest decline on records that go back to 1992. The only other year that annual sales fell was in 2008, when they slipped by 0.5 percent… Consumer spending is considered critical to any sustained economic revival since consumer spending accounts for 70 percent of total economic activity… The weakness over the year reflected the battering that consumers have taken from the worst recession since the Great Depression, a downturn that has cost 7.2 million jobs and left households trying to rebuild savings depleted by losses on Wall Street and a crash in housing prices.”
Millions of Americans have been foreclosed out of their homes. Many have moved into Obamaville tent cities. Millions of people were going to the mall this Christmas not to buy anything, but to stay warm and even then the malls were not that crowded.
The Obama Depression is starting to take on a life of its own. The 7.2 million people who lost their jobs in 2009 are no longer able to spend money in the malls. Over 36 million people are now on foodstamps which marks a recent rise of six million. The resultant crashing of sales will cause more layoffs, more store closures, more closures of factories making goods no one is buying and so forth and so on.
We’ve been lucky (or delusional) in the months leading up to Christmas with every liberal news anchor pushing the “recovery” Kool Aid. This wishful thinking has delayed the unemployment domino effect that will eventually collapse the economy, but the truth and reality must always come forth. The light that we thought we saw at the end of the tunnel turned out to be an LED flashlight in the hands of a dead cave explorer.
That's three ugly days in a row!
Here are the last two days:
DOW Jan 21st.