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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (85718)6/11/2010 12:20:32 PM
From: Hope Praytochange  Read Replies (1) | Respond to of 224748
 
Retail Sales Drop in May as Consumers Retreat
By CATHERINE RAMPELL
Published: June 11, 2010
Sales at retailers unexpectedly fell in May, raising some questions about how much consumers will be able to continue contributing to an economic recovery.

According to a Census Bureau report released on Friday, retail sales dropped in May for the first time since last fall, driven mostly by a sharp plunge in purchases of building materials.

“What’s going to happen is a reassessment of the underlying momentum of the economy,” said Ian Shepherdson, chief United States economist at High Frequency Economics. “If the monthly numbers don’t improve in coming months we can probably expect the third-quarter growth number to look very shaky.”

The decline came even as a private survey showed that consumer confidence was increasing. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment rose to 75.5 in June. from 73.6 in May.

Retail sales, which include everything from washing machines to socks, fell at a seasonally-adjusted rate of 1.2 percent last month after growing 0.6 percent in April. The overall number was much lower than forecasters had expected.

Not including sales at building supplies and auto dealers and gasoline stations — three of the most volatile categories — retail sales rose a meager 0.1 percent.

The biggest decline was in building material, gardening equipment and supplies dealers, whose sales fell a larger-than-expected 9.3 percent over the previous month.



To: Kenneth E. Phillipps who wrote (85718)6/11/2010 12:24:07 PM
From: Sedohr Nod1 Recommendation  Respond to of 224748
 
Otherwise, shut up!

You would do well by reading(and understanding) some of Calvin Coolidge's quotes:

"I have noticed that nothing I never said ever did me any harm."

"Duty is not collective; it is personal."

"All growth depends upon activity. There is no development physically or intellectually without effort, and effort means work."

"Collecting more taxes than is absolutely necessary is legalized robbery."

And this one, I don't know what caused him to say this, but I suspect it fits now:

"Any man who does not like dogs and want them about does not deserve to be in the White House."

p.s....You have a lot of balls on you telling anyone to shut up.