The greatest economic recovery since the Carter years continues. Retail sales declined in May, supposedly unexpectedly, as the Progressive Propaganda Media’s spin of a booming economy is falling apart. This is the second report in a week, including last week’s job numbers that is exposing the made up Obama boom.
WASHINGTON (Reuters) – Sales at retailers unexpectedly fell in May for the first time since September following a record slump in purchases of building materials, adding to fears the economic recovery was losing some steam.
The Commerce Department said total retail sales dropped 1.2 percent, the largest decline since September, after rising by an upwardly revised 0.6 percent in April. Sales in April were previously reported to have increased 0.4 percent.
Read the rest: Unexpected decline in retail sales fans recovery fears
Here’s what the media is really worried about and it’s not the stagnant US economy.
Restoring the economy to health is a key priority for President Barack Obama and voter anguish over the slow pace of the recovery could inflict heavy losses on the Democratic Party in November’s Congressional elections.
It’s all about Obama and the Democrats electoral situation the media is concerned with. Clearly Obama’s economic policies are failing. The problem with the US economy was too much debt, outsourcing of good jobs and stagnant wages. Obama has addressed none of these and until they are addressed the US will continue its descent into economic has been status. The Stimulus put us in more debt and this is capital sucked out of the private markets that should be going to investments.
The Obama Boom is over and we hardly knew it!
Update:In other news, Barack Hussein Obama is pressuring Congress to weaken the Iran sanctions bill that is being worked on. The fact Ahmadinejad once again called for Israel’s extermination doesn’t matter to the Obama regime.
The Obama administration, which labored for months to impose tough new United Nations sanctions against Iran, now is pushing in the opposite direction against Congress as it crafts U.S. sanctions that the White House fears may go too far.
Administration officials have begun negotiations with congressional leaders, who are working on versions of House and Senate bills that would punish companies that sell refined petroleum products to Iran or help the country’s oil industry.
As always the Obama regime rides to the rescue of the Ayatollahs.
Tags: Obama Economic Boom, Progressive Propaganda, Retail Sales
Hey keep saying to yourself that we are in a recovery. Please ignore those unemployment checks that are coming in.
Nobody I’ve talked to believes the spin of the Obama Boom. They trust their Lyin’ Eyes, instead and agre that the economy is in the shitter, and it doesn’t look promising for the foreseeable future. We’re hosed.
I wonder what little miss pants-suite thinks about
I have one more patient and then I am done till Monday. I can’t wait.
Iron Fist wrote:
It will be with a mixture Schadenfreude, horror, and fear that I will watch Nero-Zero unhinge as Rome burns around him.
Arizona Immigration Law May Be Driving Hispanics Out of State
So the law is driving illegals out of the State? And there is something wrong with that?
A 7-year-old boy was murdered by the Taliban in an apparent act of retribution this week. Afghan officials said that the child was accused of spying for U.S. and NATO forces and hanged from a tree in southern Afghanistan.
Daoud Ahmadi, the spokesman for the provincial governor of Helmand, said that the killing happened days after the boy’s grandfather, Abdul Woodod Alokozai, spoke out against militants in their home village.
Ahmadi said: “His grandfather is a tribal elder in the village and the village is under the control of the Taliban. His grandfather said some good things about the government and he formed a small group of people to stand against the Taliban. That’s why the Taliban killed his grandson in revenge.”
Shamsuddin Khan Faryie, an elder in the boy’s home village of Heratiyan, said that the victim was seized as he played in his garden. He was found hanged from a nearby tree.
The killing of children to punish their families has echoes of Western mafia-style violence. Under Pashtunwali, the ancient honor code of the Pashtuns, it is likely to provoke more vendettas and blood-letting.
Ah I call bullshit on that. The Mafia might have been many things, but they did NOT kill 7 year old kids of their enemies.
There it is again. That convenient word “unexpectedly”.
Let’s try that a different way. “Reuters was expectedly surprised by the May slump in retail sales. Everyone else but Reuters and the MSM expected this slump as a result of the failed fiscal policies of Obowmao and the dems continue to strip jobs and drive down the value of the dollar.”
@ Speranza:
@ Iron Fist:
Yesterday I was walking around my work complex. There was a group of women and someone pulled up in a PT Cruiser. One of them screams, see Obama be looking out!
I was laughing!
In all seriousness, the Obama Boom lie was working from preventing his numbers from Collapsing. Well ever since the jobs report last Fridat ripped the mask off the Obama Boom lie, his numbers in Gallup have collpased to 44& aproval! Rasmussen has him at 46 as well as Fox. He’s moving lower from high 40′s to mid 40′s.
I am in a spending frenzy while my cash still has some value.
….and I ain’t buying designer jeans and botox treatments with it!
@ Nevergiveup:
Exactly, The Mafia never killed Kids.
@ Rodan:
I want to see him down in the low 30s. We can’t reasonably expect him to get lower than that. The percent of the population that lives by sucking off of the rest of us is always going to approve of a tax-and-spend liberal, and Obama has spent record sums. That’ll buy him cover in certain circles.
@ huckfunn:
They really were hyping the non existent Obama Boom. Now that its being exposed, the Media doesn’t know what to do.
@ Rodan:
It’s pathetic that people respond to those reports instead of looking under the rocks for theirselves….of course that is why we are where we are today.
When the cities burn, Sally the Soccer Mom and Larry the Marketing Guy better stay the hell off of my lawn, ’cause I am not lifting a hand in charity to them.
There’s one thing the Liberals will never spend money on, and that is Defense. Bawny Fwank had a commission enpaneled, and they produced the answer he wanted to hear. They want to slash a trillion dollars out of the defense budget. I guess they think France will police the world for us. Billions for Jizya, but not one penny for defense! That is the Democrat motto.
@ Iron Fist:
I don’t think he may even get lower than 40%. That’s might be his floor. Either way, I’m glad his approval ratings are finally crumbling. We need to keep the pressure on him and show no mercy.
@ Rodan:
I think that we can expect them to stumble over a plethora of unexpecteds.
Speranza wrote:
Keep repeating: I believe in the Keynsian multiplier effect. I believe in the Keynsian multiplier effect. I believe in the Keynsian multiplier effect. One slip up is all it takes for the Keynsian multiplier effect to pass you over.
I need to work on some work.
Later.
Good morning. Obama economic policies failing is really not news.
He is weak on economics , but admires Socialist models.
He surrounds himself with Keynsians who believe in a great deal of government involvement & out right Socialists who want a complete government take over.
Nevergiveup wrote:
The brutality of the followers of mo-ham-mad is an apple that is impossible to shine. The attempt at moral equivalence is disgusting.
@ Scott Madsen:
These are the same people who when the economy was OK in 2005, where saying it sucks because the media told them so.
@ citizen_q:
Who wan’t to bet the Sicilians picked up there Omerta from the Mo’s while they were occupying Sicily.
huckfunn wrote:
Hmmm, kind of like the way the Johnsonless Chuckles was unexpectedly surprised when people he had shit on wouldn’t direct traffic to his site and Reuters was unexpectedly surprised that people were offended by their misleading photographs.
@ Rodan:
As we have said, if you think the recession is over – go onto http://www.monster.com and try applying for an interview for a job which is similar to the one you have or for one in which you are qualified.See how many responses or interviews you get.
citizen_q wrote:
Here in this rural Southern California town I live in, we call them kinds of apples, Road apples, horse tend to deposit them on the road as they walk…
I love Obamas excuse for not talking directly to the CEO of BP.
He just thinks that the guy will say all of the right things.
Ah Barry you’re a lawyer, ask questions.
He is just lazy & figures that he would be over matched.
I bet that he had plenty of time to talk directly to Stevie Wonder & Paul McCartney etal, to plan concerts
In case you were under any illusions about the Hussein Obama Administrations intent with Iran, the following should put your mind at <A HREF="http://www.americanthinker.com/blog/2010/06/obama_administration_working_a.html"ease:
Hussein Obama has absolutely no intention of stopping Iran from getting atomic weapons. He just wants it to look like he did something to the pliebians who aren’t really paying attention. Some plausible deniability when the flag goes up and there is a limited nuclear exchange in the Middle East.
Or when al Qaeda lights one off in downtown New York City. Obama don’t care.
South Africa just scored
link
Sorry about that.
@ RIX:
Barry Hussein was never really a lawyer. He was a “Community Organizer” which we all know means bagman for the Chicago MAchine. He’s nothing but a street thug made good. Kinda like John Gotti, but without the humility
@ Rodan:
Half the people in my neihborhood are of that ilk (Under fifty Penn State grads) children of post war parents that gave it all. Another twenty percent are solid Zero knob gobblers (Under forty Penn State grads whose family was of a labor lawyer, AFL/CIO exec, or shop foreman), Then there are the small business owners, doctors, civil defense attorneys, and private schooled types that know business finance and are all presently shitting bricks.
I just act dumb about the whole present situation when I mingle among them at my children’s activities, and take notes on whose doors I will knock on looking for allies if it ever goes sideways.
@ Iron Fist:
Obama wants a Nuke armed Iran. He views them as his 3rd World Liberation brothers.
This is a great article from Gateway Pundit
[...] Retail sales decline аѕ Obama Boom continues. › 2.0: Thе Blogmocracy [...]
@ RIX:
New guessing game; What bigotry did nero-zero display?
@ Iron Fist:
…fixed it for you
Obama proclaims Friday Kamehameha Day
I say we celebrate Captain Cook instead.
He was never actually a Professor of Constitutional Law, as he claims.
He was an adjunct professor, which means that he was a lecturer, an assistant really.
His best description is “outside agitator.”
@ Facetious – bar:
Problem, Bush ran the deficit up to 412 Billion. Also under Bush outsourcing devasted good paying jobs. Wages fell under Bush not increase. It was anemic growth also.
The Bush economy was OK, not great. It pales with the Reagan boom of the 80′s and the 90′s boom.
Bush was a Progressive failure.
@ RIX:
In terms of actual contribution to society, I’d put him at one level below wealfare suck. He’s never done anything, ever. It really takes effort to do that.
He has made rather clear in his words & writings that he does not
really like Whites.
@ Rodan:
Much of the ’90s boom was not real. It was artifical growth in the stok market fueled by a completely unrealistic valuation of the teck sector. That came to an end just before Bush took office. Add to theat the economic damage of 9-11, and it is a wonder the Bush economy was as robust as it was (4% unemployment is nothing to sneeze at).
COl. Lakin risks court martial because the Congress failed to do their due diligence: the Constitution matters.
@ RIX:
He also hates Jews. He hates them seperately but equally to the way he hates whites.
Agh–Biden sitting with Desomond Tutu and he has some red shmatta on him? What the fuck is that
@ Iron Fist:
4% unemployment is nothing to sneeze at).
Yeah but the fact remains wages declined. That 4% rate was mostly low wage service jobs. Keep in mind that at the peak of the early 2000′s recession the Unemployment rate went up to 6.2%. In Clinton’s last year we were at 4% as well. In other words the Bush economy did not create that many jobs. Under Reagan we went from 10.*% Unemployment to about 5.5%. That’s real economic growth.The recession ripped the mask off Bush’s outdated economic policies. Instead of Tax cuts, he needed Tax reform to compete in a Global economy and have incentives to create jobs here.
Wass Bush’s economic policies better than Obama’s? yes but that’s not saying much. It wasn’t a bad economy, but it was not a boom where Americans were doing better.
@ Rodan:
My own personal experience was different under Bush then it is now. Then I had a job and more than plenty of work, today not so much.
@ Iron Fist:
That’s why he wants Iran to get nukles and would not shed a tear if Israel was nuked.
Agreed , but he is bitter & wants to settle scores for real &
imagined slights.
He has had things handed to him most of his life, but has no gratitude.
Look how he trashed Grandma, the most genuine person in his life.
@ Facetious – bar:
Oh no question, at least under Bush one had a job. I was just comparing the Bush economic record to reagan and the 90′s. Bush vs. Obama, I’ll take Bush’s OK economy over the stagnant Obama one.
@ Rodan:
Look at your own link and the link within and you will see under Reagan incomes dropped.
Then you would also need to see who was in control of congress, most of the time it’s the opposite party. So to lay all the blame at the Presidents feet ignores the other facts.
THE WEEKLY STANDARD has learned that senior Obama administration officials have been telling foreign governments that the administration intends to support an effort next week at the United Nations to set up an independent commission, under UN auspices, to investigate Israel’s behavior in the Gaza flotilla incident. The White House has apparently shrugged off concerns from elsewhere in the U.S. government that a) this is an extraordinary singling out of Israel, since all kinds of much worse incidents happen around the world without spurring UN investigations; b) that the investigation will be one-sided, focusing entirely on Israeli behavior and not on Turkey or on Hamas; and c) that this sets a terrible precedent for outside investigations of incidents involving U.S. troops or intelligence operatives as we conduct our own war on terror.
While UN Ambassador Susan Rice is reported to have played an important role in pushing for U.S. support of a UN investigation, the decision is, one official stressed, of course the president’s. The government of Israel has been consulting with the U.S. government on its own Israeli investigative panel, to be led by a retired supreme court justice, that would include respected international participants, including one from the U.S. But the Obama administration is reportedly saying that such a “kosher panel” is not good enough to satisfy the international community, or the Obama White House.
Not sure if this is true, but if true, this is a MAJOR turning point in US-Israel relations
Rodan wrote:
Chump change compared to these guys. Really.
@ Facetious – bar:
My 47 link has this.
Congress is the key more than the Presidency.
Iron Fist wrote:
That’s where the seed of disaster were sown. The fed started handing money out like drunk sailors at a whorehouse to keep the economy from sliding into a crisis of confidence after 9/11. OBL really did achieve his strategic goal, whether knowingly or not. 9/11 set up a number of things that are biting us now, and teh won is one of them.
Obama is doing a great job! He inherited the worst economy ever and now we are in the greatest recovery ever. He cares about us and we all love him!! Everything wrong with the world is George Bush’s fault but Obama is fixing everything. Hope! Change! Yes we can!
//MSM
@ Rodan:
Which is about where it was at the end of the Clinton Administration, too. Wages have fluctuated a little (everything does), but in real terms things have been pretty flat since the end of the Reagan Administration. Unless, of course, you are on the Government payroll. That is a different story.
@ snork:
Yeah it’s like comparing stealing potato chips to robbing a bank.
@ Iron Fist:
Agreed 100%! The 1980′s was teh last time we had real economic growth that benefitted everyone.
@ snork:
Oh yeah Greenspan’s low interest rates contributed to the Housing Bubble and people running up debt.
See you later
@ Scott Madsen:
So what exactly are you spending your money on?
Rodan wrote:
The “post industrial” myth isn’t helping. If anyone thinks we have have a balanced and prosperous economy selling Chinese-made iPads to each other, they deserve the economic suckage. Unfortunately, the suckage tends to get spread around.
Rodan wrote:
And the education bubble…
@ Rodan:
No, the housing bubble was cause by the Government forcing banks to make loans to people who could not afford them as a way to “help” minorities. Its simple supply and demand, more demand means less supply and thus higher prices.
The debt most people run up is credit card debt, not exactly low interest stuff.
@ Facetious – bar:
Why then are there White people in forclosure? It had nothing to do with minorities getting loans, as low income Whites also got loans they shouldn’t have. I’m a minority and I haven’t forclosed. It was a combination of low interest rate fueled specualtion, lower bank standards for all races and irresponsibility on the part of home owners.
@ Facetious – bar:
I should add that lots of people also borrowed against their homes (second-third mortgage) with a variable interest rate. Then rates went up, prices went down, people lost their jobs and then their homes. But I don’t think that was the majority of foreclosures, the majority was in my opinion the people who made less than 30K a year and getting a (Government backed) mortgage for 700K.
@ Facetious – bar:
I should have said: as a way to help “low income” families, not minorities.
@ MikeA:
Suppositories
[...] Economic recovery right on track! Following up on the super-terrific May jobs news that the Obama fanboy blogs failed to mention, and the awesometacular 1,100 point May stock market drop that they also didn't post about, retail sales in May declined 1.2%… Go here [...]