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
