"There is really no positive spin to put on these numbers," Jennifer Lee, an economist with BMO Capital Markets, wrote in a research note. "The U.S. consumer remains very weak. The jobs situation, while slowly improving, is still dismal."

But hey, Corky and pals say the recession is over. Obama and the gang have saved us from certain doom.

Anyone who thinks the market is getting better is just convoluting themselves into a spin, the market is getting worse and will continue because more and more people are losing their jobs.

How much are they lying about the consumer market...it will continue to fall with mass corrections. Christmas is going to be really really sad for all the stores.

Fuck the stores. Christmas isn't about the stores. Christmas is about celebrating Christ's birth.

Corky still hasn't recovered from Hillary's primary beatdown, and shilling for The Liar-in-Chief is weighing hard on its tiny mind. Expect himherit to make mistakes or just flat-out lie while it adjusts to living a new lie.

Fuck the stores. Christmas isn't about the stores. Christmas is about celebrating Christ's birth.

#3 | Posted by dxlingr at 2009-08-13 10:57 PM

Calling out Retorters in headlines is pathetic. This story has nothing to do with Corky.

-But hey, Corky and pals say the recession is over

My conservative economist pals at the Wall Street Journal? ROFLMAO!!!

You really know that you have pushed a weak-minded poster's buttons when they feel compelled to post a nonsensical thread about you.

Retail sales figures were disappointing, but sadly enough for the Party over country crowd, most conservative economists see a recovery under way.

Sorry about that. No, really. Terribly sorry.

Calling out Retorters in headlines is pathetic. This story has nothing to do with Corky.

#6 | Posted by kanrei at 2009-08-14 11:06 AM

-You know, I think the "debates" around here are more about personal egos and vendettas than anything.

Perhaps, but it takes the lowest form of dipshit to post a derogatory thread with another Member's name in the headline.

"Calling out Retorters in headlines is pathetic. This story has nothing to do with Corky."

Definitely pathetic. Someone created a thread titled "tadowe" few weeks ago. That's weak.

Don't let it bother you, Cork. I still like you.

The recession is almost over. When the depression starts remains unclear.
And I blame both parties for this disaster.

And I blame both parties for this disaster.

Fuck that. It's corky's fault and don't let anyone tell you otherwise.

Guy with his money ought to be out spending it, showing some entrepreneurial spirit, developing jobs, hiring people - okay he did bump the pool boy to 40 hours a week, but you know what I'm talking about.

Let the blame lie where it belongs.

Hey, I just had to make fun of corkless. I mean all of a sudden she the biggest fan of the Wall Street Journal as if she really has a subscription to it.

No, she is just trying to blow smoke up everyones ass about the economy the same thing she is trying with the Germany and France are out of the recession thread.

Come on Corki how about you go back in time and tell how great things were under Bush when unemployment was 4.6% and the DOW was at 14,000.

No, Corky is just another Obama ass kissing shill who can't see the forest for the Hershey Highway.

The "economists," who declared we were on the mend apparently did so based on "increased productivity per worker." This productivity occurred because of layoffs and the threat to employees who were worked at a far more rapid pace.

There was no overall increase in "production," just "productivity per worker."

If productivity rose say from 5 to 6, but number of producers was reduced from 10 to 8, then there was a decrease in actual "production" from 50 to 48. Searching for straws seems to be the pursuit of the day.

Businesses are closing. And the government which is hurting for tax revenues is taking unwise measures to avoid loss that is resulting in relinquishment of actual revenue.

For example, in California, the State Board of Equalization is responsible for sales tax collection. Yet Los Angeles County has refused to issue business licenses to corporations or LLCs without payment of an amount of estimated sales tax receipts being deposited (and this without apparent authority to engage in such practice). The amounts demanded can be in the thousands of dollars, which is often an obstacle for a fledgling business on a tight budget. More than 40% of the applicants never reapply, so the prospect of that business opening is lost.

The amounts payable in advance are based on an estimate of the prospect of what will be collected and the prospect of failure based on experience in the area in which the new business is to be located.

The "reason" for this practice is that marginal businesses often make a desperate effort to survive by diverting sales tax revenues to maintaining the business, and if it is a corporation or an LLC, then the entity is just dissolved and there is no opportunity to recapture the money (or so I'm told).

Still, you would think that if the taxing entity took a risk, it would collect more than it would lose if it permitted the 40+% of businesses that never open, to give it a go.

Government unfriendly to business and without a clue as to how to regenerate the economy. Each of these businesses would have required TIs (Tenant Improvements) and given a boost to say the construction industry.

Oh well ...