AND HAVE YOU NOTICED THAT EVERYONE IS USING CREDIT CARDS...?
But is it ALL just another Republican government lie...? Consider this from Marketwatch article in the link:
Chain stores and auto makers had reported weak sales in November than were not reflected in the government's data.
The report was "inexplicable," said Ian Shepherdson, chief U.S. economist for High Frequency Economics, in an email. He noted that government data show a cumulative 3.1% rise in auto sales over the past three months, while the automakers report sales volumes are down 1.2%.
Another economist said the consumer is resilient. "Do not ever EVER count out the U.S. consumer," wrote Robert Brusca, chief economist for FAO Economics, in an email.
I've pretty much concluded that anything we get from Washington on economic data is a lie...and that will continue for the rest of the Bush term in office... They really have so little going for them now that they simply must produce "the numbers" needed to maintain the myths they have created about the state of the US economy which in truth is DISMAL!
