Remember during the dark days of the Obungler administration when the Fake News Media always had “unexpected” news about the economy? Every summer was “recovery summer” but the bad economic news was always “unexpected”. I mean we had the “light bringer”, the “almost a god”, the Obamessiah in the White House. What could go wrong? I had a friend back in St. Louis who voted for Obumbler in 2012 because he “saved us from a depression”. I was shocked when he told me that. He obviously got his news from the Fake News Media.
I don’t believe the myth about the Oblunder recovery. I maintain that we were in a recession during most of Obongo’s term of office. We were certainly in a jobs recession. The unemployment numbers the gummint feeds us are bogus because they don’t count the people who have given up looking for work. The gummint uses the U3 number. The correct number to use is the U6 number which counts the discouraged workers who have dropped out plus part time workers who prolly want to work full time. During most of the Oboner administration it was in the double digits. Remember, the labor participation during the those disastrous 8 years was very very low. Under Trump the U6 has been consistently falling and now stands at 7.5%. Yep! We are finally in a recovery.
And retail sales are up. Of course, this was “unexpected”.
Aug. 15 (UPI) — Retail spending in the United States increased a half-percent during the month of July — well beyond what experts predicted.
Brings to mind the definition of an expert. An ex is a has been and a spurt is a drip under pressure.
Commerce Department figures Wednesday showed U.S. households spent more at the mall and restaurants last month, giving retailers a strong July finish. The 0.5 percent boost over June was greater than the 0.1 percent many analysts projected.
Once again demonstrating that bad news under Obooger was unexpected and good news under Trump is unexpected. Funny how that works.
The increase represents a stronger-than-expected start to the third quarter. Wednesday’s figures, though, revised June’s retail numbers downward — from 0.5 percent to 0.2 percent.
Gotta find the cloud in the silver lining.
Food and beverage stores increased 0.6 percent last month, the strongest rate of growth since December.
People are eating and drinking more which means they are partying! Let the good times roll.
The report showed nine of 13 major retail categories increased, with 1.3 percent gains at clothing stores and 0.6 percent gains in food and beverage stores. Online retailers also fared well, with an increase of 0.8 percent.
Summer road trips led to gas stations gaining 0.7 percent in receipts and auto parts dealers reported a 0.2 percent boost.
The Trump economy keeps chugging along.
The report cited weaker performance in the sporting goods and hobby sectors, down 1.7 percent.
Prolly due to conservatives boycotting woke sporting goods stores like Dickhead’s and not buying NFL memorabilia.
I haven’t felt this good about the America economy since the Reagan years. Remember, the Dimocrats want to turn back the clock to the disastrous years of Soetero. Think of that in November when it’s time to vote. Do you want boom or bust. Vote accordingly. Let’s keep winning. I’m not tired of it yet. Are you?
MAGA!