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U.S. Economy: Sales Unexpectedly Decrease as Job Losses Mount

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posted on Aug, 13 2009 @ 10:02 PM
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WE NEED JOBS!!!

Retail Sales: How to Get Consumers Spending Again

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.




posted on Aug, 13 2009 @ 10:13 PM
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My Company is on the catching the tail end of the downturn here. All of our competitors that aren't getting Recovery Act contracts are folding up.
The places that are lucky enough to get government work have had minimal layoffs. We have no work on the books as of this past Monday, and we have already cut production staff 70% from last year. Only one prospect for the near future, and it will be 2 weeks before we know if we get the contract. So as of next week we will probably be furloughed without pay.

The only companies around that are not dropping workers are retail, and it seems like they are letting normal attrition and turnover run their courses. Sales are not great.

The only things I am spending on are minimal school expenses, beans, and bullets, and may not be able to afford that soon.



posted on Aug, 13 2009 @ 10:13 PM
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reply to post by SLAYER69
 


Well Obama created a bubble of car buying which only profits the car dealers and car makers.

Bush created a housing bubble which effected many areas because if you just bought a new house you need new furniture, new appliances, might as well get that new flat screen tv while your at it and oh yea lets get some new linen for the beds and towels why not. Who cares will just put it on credit.

[edit on 13-8-2009 by JBA2848]



posted on Aug, 13 2009 @ 10:16 PM
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reply to post by Jacob08
 


For clarification purposes only...

Goldman Sachs does not "Gamble" with the Stock Market. The Markets do what ever Goldman tells it to do.. Not so much as a game of roulette for them as it is a man with a deck of card telling you to choose one, any one.. and you always pull an ace, you always win, because it's your deck with your rules and the only card in the deck is an ace.

The stakes? $100,000,000 a day.



posted on Aug, 14 2009 @ 12:27 PM
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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.



Around here people were looking on freecycle and cheap cycle for cheap back to school clothes. I had not seen that happen so much around here previous years. Things are really bad. I've been unemployed pretty much all year now and no one seems to be hiring.



posted on Aug, 14 2009 @ 03:16 PM
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reply to post by SLAYER69
 


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.



posted on Aug, 14 2009 @ 03:30 PM
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reply to post by Jacob08
 





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.


You said it and took the words right out of my mouth. Our sales are about half what they usually are. I pay the mortgage and utilities and that is about it. I have cut my electric use to the bare bone, (about 1/2) and my groc. in half too Forget going out to lunch buying new cloths or anything but bare bone necessities. I buy most of my food direct from farmers because I will not give a dime to corporations if I do not have to.

I really really hope we are headed out of this recession (depression) but I do not see how. Not with the blind bozos in Washington DC at the helm of this country.



posted on Aug, 14 2009 @ 03:44 PM
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reply to post by Sundancer
 





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.


The formula is very simple. You need industry to provide goods, shops to sell the goods and industry and shops provide jobs. If you have jobs you can get taxes to provide a "social safety net" The BOZOS in Washington are ignoring the first part of the formula. If you have no industry you have no goods and no customers with money to purchase the goods in the stores. We as a country can not continue selling cheap Chinese products to each other.

Social safety nets are only available when the culture has excess "production" If everyone is at a level where they have trouble existing there is nothing available for social services. The USA is fast approaching that point with a big push from the BOZOS in DC.

Even some democrats are waking up to realize that simple formula.



posted on Aug, 14 2009 @ 03:49 PM
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reply to post by SLAYER69
 


But the MSM told me everything is getting better now. Its going to be ok. It has to be true since it was on TV, they don't lie..



posted on Aug, 14 2009 @ 08:51 PM
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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.



posted on Aug, 14 2009 @ 09:37 PM
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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]

And so the folks bought their "bubble cars" and there wasn't much left to visit retailers who sell made in USA stuff. The market got smiley just a couple of days ago on Walmart sales figures.
Walmart: your secret Chinese connection. Be there.



posted on Aug, 14 2009 @ 10:04 PM
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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.




posted on Aug, 14 2009 @ 10:43 PM
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Unexpected????

The only people that didn't expect sales to drop because of loss of jobs are the bozos that believed all the BS the MSM was throwing out - the recession is over, things are improving, happy days are here again, blah, blah, blah.

If people don't have jobs of course sales are going to decrease. Any idiot should be able to figure that out!




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