The historic Obama Boom is the most unstoppable force ever seen since the Mongol Hordes! We have been told increase inflation will not derail hiring, a historic first. Rising Gas prices are now considered good. Well in another sign of the good times, retail sales rose .04% in March. This was due to high oil prices. Which is now considered a sign of a great economy.
Sales at U.S. retailers rose slightly less than expected in March as rising gasoline prices pulled spending away from other segments and receipts from auto dealerships fell, a government report showed, pointing to slower consumer spending in the first quarter.
[….]
Receipts at gasoline stations, which accounted for about 10.7 percent of overall retail sales last month, increased 2.6 percent after rising 2.4 percent in February. Excluding gasoline, retail sales were up a scant 0.1 percent in March after a 0.9 percent rise the prior month.
Take out the Pom Poms for the Obama Boom! Inflation and high oil prices are now considered a good thing!
Tags: Obama Boom, Retail Sales
