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What will it take to get retail sales moving again? After two months of slender gains, advance estimates released by the Commerce Dept. on Aug. 13 showed that July retail and food service sales decreased by 0.1% from the month before—down 8.3% from a year ago. Excluding auto sales, which were up 2.4%, juiced by cash-for-clunkers rebates, retail sales declined 0.6%. The report disappointed economists, who had been expecting a 0.6% gain in July.
Originally posted by marg6043
Actually is worst that it seems after all they were expecting a boost from the back to schools sales children do need clothes every year as they out grow their old clothes.
But I bet that the second hand stores did very well.
At least in my neck of the woods was booming.
Unexpected? I run and small business and sales over the last month have been dismal. The people running projections should get in touch with the average business owner because this was not unexpected at all. Sure goldman made massive profits gambling on the stock market with taxpayer money but for those of us selling tangible goods it has not been a good month.
We have mucho different opinions on the direction we'd like to see the country go, but I have to star and flag you for this post. I get tired of hearing about the green shoots that aren't really there.
Originally posted by JBA2848
reply to post by SLAYER69
Well Obama created a bubble of car buying which only profits the car dealers and car makers.
[edit on 13-8-2009 by JBA2848]
Originally posted by VinceP1974
Everything this Govt , under the Dems , is doing is designed to break the society.
The Cloward-Piven strategy . Read about it. It's Obama play book.