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The National Retail Federation expects holiday sales to rise 4.1% to $586.1B this year. Though...

The National Retail Federation expects holiday sales to rise 4.1% to $586.1B this year. Though the mark would rep the slowest pace of growth since 2009, the forecast is still higher than the average growth of 3.5% realized over the last ten years for the November to December period. Online retail is still a bright spot, with holiday sales expected to rise 12% this year to $96B.
Comments (9)
  • BlueOkie
    , contributor
    Comments (5070) | Send Message
     
    Two things need to happen, one Romney wins and two something positive is done about fiscal cliff. Otherwise consumers hoard cash for a rainy day
    2 Oct 2012, 07:54 AM Reply Like
  • MWinMD
    , contributor
    Comments (2001) | Send Message
     
    And why, pray tell, would a Romney win foretell this, when the economy and stock market has done phenomenally better over the past century when a Democrat is in the White House? That's what the actual data, not just the prevalent self-flattering fantasy by conservatives, says.

     

    http://bit.ly/QafOMx

     

    We're in a demand-based economic stagnation, and the people who buy things are not the 1%. Corporations have record amounts of cash and they're sitting on it basically because nobody is buying anything. Romney's plan to give the 1% more cash will do little to nothing. How many refrigerators does a wealthy person buy, anyway? It turns out that in the past century the economy and corporate America has done much better when we look out for the 99%, not the 1%. Counterintuitive to some people perhaps, but true.
    2 Oct 2012, 10:08 AM Reply Like
  • BlueOkie
    , contributor
    Comments (5070) | Send Message
     
    The market is better now than in 2008 because of herd mentality and QE1,QE2 &QE3. Lowest interest rates I can remember. Companies are cash cows. They are not hiring and stretching the current workers to the max. Middle class income is down, poverty is up, food stamps are up, and the cliff is coming. 40%+ of those unemployed have been then more than 6 months. The rhetoric is tax the 1% but over $200,000 isn't the 1%. ACA tax increases have been delayed until after the election. Medical premiums are up and rising. Food and fuel costs are rising. If you are focused on the 1% paying taxes you are missing the boat. We could tax them at 100% and it would just be a drop in the bucket. We need to let this President go! Give someone else a try.
    3 Oct 2012, 08:36 AM Reply Like
  • bakmanone
    , contributor
    Comments (39) | Send Message
     
    If the American voters don't wake up to what the current administration has in store for the next four years you can expect more of the same. If President Obama is re-elected he can do by Executive Order anything they cannot get passed in the Congress. He will have no one to answer to because he will not run for election again. Wake up America, this is the most important election your lifetime. We have to decide what kind of country we want to be. Do we want to be like Europe or a free society who makes decisions that are best for themselves. Election of President Obama will insure 4 more years of economic stagnation with 8+ unemployment.
    2 Oct 2012, 09:19 AM Reply Like
  • MWinMD
    , contributor
    Comments (2001) | Send Message
     
    "If the American voters don't wake up to what the current administration has in store for the next four years you can expect more of the same. "

     

    Can you *guarantee* that we'll get more of the same? Because that would be just awesome. The stock market is up by more than half since he entered office. I'll take four more years of that.
    2 Oct 2012, 09:59 AM Reply Like
  • billddrummer
    , contributor
    Comments (1677) | Send Message
     
    All I know is that I'm worse off than I was in 2008.

     

    The problem is, I don't think either candidate will lead to me being better off in 2016.
    2 Oct 2012, 11:17 PM Reply Like
  • BlueOkie
    , contributor
    Comments (5070) | Send Message
     
    Almost half of the people in this country, get some kind of a check from uncle sugar
    7 Oct 2012, 10:01 AM Reply Like
  • billddrummer
    , contributor
    Comments (1677) | Send Message
     
    You're right.

     

    The question is, how many get one directly (like for paychecks) vs. how many get one indirectly (like for transfer payments).

     

    Anybody know?
    7 Oct 2012, 08:20 PM Reply Like
  • BlueOkie
    , contributor
    Comments (5070) | Send Message
     
    Remember when Obama said if the debt ceiling wasn't raised, there might be a problem getting SS checks out? Couldn't pay the military? How about all money going to Congress and the White House to include their staffs is cutt off first. The fiscal cliff is a major problem and it hasn't made the debates. HELLO!!! Wake up and VOTE!
    If Obama offered reduding spending $10 for ever $1 of tax increase, why not just cut $6 in spending now and make the offer $4 for each $1. He's admitting spending is 10 times the problem that taxes are.
    14 Oct 2012, 09:30 AM Reply Like
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