Drudge Retort: The Other Side of the News
Wednesday, December 27, 2017

Retailers are enjoying some extra Christmas cheer. Fueled by high consumer confidence and a robust job market, U.S. retail sales in the holiday period rose at their best pace since 2011, according to Mastercard SpendingPulse, which tracks both online and in-store spending. Sales, excluding automobiles, rose 4.9% from Nov. 1 through Christmas Eve, compared with a 3.7% gain in the same period last year, according to the Mastercard Inc. unit, which tracks all forms of payment. E-commerce continued to drive the gains, rising 18.1%.

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thanks Obama. -- George W Bush.
youtu.be

#1 | Posted by ichiro at 2017-12-26 05:38 PM | Reply

Obama had nothing to with it, Itchy. No consumer confidence, no optimism. Just lies and apologies.

#2 | Posted by cookfish at 2017-12-26 06:08 PM | Reply | Newsworthy 2

Thank President Trump, preferably while kneeling like a Copernickian.

#3 | Posted by cookfish at 2017-12-26 06:10 PM | Reply | Newsworthy 1

#2 so consumer confidence went from basement lows to record highs cuz trump, eh cockfish?

Liar. Or ignorant rube. Take your pick.

#4 | Posted by jpw at 2017-12-26 07:40 PM | Reply | Funny: 1 | Newsworthy 1

Obama had nothing to with it, Itchy. No consumer confidence, no optimism. Just lies and apologies. #2 | POSTED BY COOKFISH AT 2017-12-26 06:08 PM | FLAG: DEPT OF APOLOGIES FOR LIES AND APOLOGIES

#5 | Posted by ichiro at 2017-12-26 08:22 PM | Reply

A yuge thank you goes out to our President, Donald J. Trump!

#6 | Posted by GOnoles92 at 2017-12-26 09:12 PM | Reply | Funny: 1 | Newsworthy 4

A yuge thank you goes out to our President, Donald J. Trump!

Any evidence that your president bought anything, for anyone, with his own money, that was not from one of his own companies?

#7 | Posted by REDIAL at 2017-12-26 09:20 PM | Reply

Obama had nothing to with it, Itchy. No consumer confidence, no optimism. Just lies and apologies.

#2 | POSTED BY COOKFISH AT 2017-12-26 06:08 PM | REPLY | FLAG:

Your boy Trump has spent the last few years telling everyone that America is in carnage and everything about it sucks.

#8 | Posted by BruceBanner at 2017-12-26 10:55 PM | Reply

"No consumer confidence..."

When lies are all you've got...
tradingeconomics.com

#9 | Posted by Danforth at 2017-12-26 11:14 PM | Reply | Newsworthy 1

but MS-13.

#10 | Posted by ichiro at 2017-12-27 03:35 AM | Reply

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Your boy Trump has spent the last few years telling everyone that America is in carnage and everything about it sucks.

#8 | POSTED BY BRUCEBANNER AT 2017-12-26 10:55 PM | FLAG:

Which is why he's spent the whole first year of his presidency making it so awesome again. Turn that frown upside down, you Negative Nancy, and join us in the celebration.

#11 | Posted by cookfish at 2017-12-27 12:25 PM | Reply | Funny: 1

Trump did what exactly to MAGA?

#12 | Posted by OTT0 at 2017-12-27 02:10 PM | Reply

Your boy Trump has spent the last few years telling everyone that America is in carnage and everything about it sucks.

#8 | Posted by BruceBanner

But, now that Trump is Tweeter-in-Chief everything is magically delicious!

#13 | Posted by donnerboy at 2017-12-27 06:46 PM | Reply

Your boy Trump has spent the last few years telling everyone that America is in carnage and everything about it sucks.

#8 | POSTED BY BRUCEBANNER AT 2017-12-26 10:55 PM | FLAG:

And that is why he ran for President, to fix it, and that is what is happening! Economy is booming, unemployment is down, corps are raising wages and giving out bonuses, Isis is on the run, etc. But if you want to remain miserable go ahead.

#14 | Posted by fishpaw at 2017-12-28 11:33 AM | Reply | Funny: 1

And that is why he ran for President, to fix it, and that is what is happening! Economy is booming, unemployment is down, corps are raising wages and giving out bonuses, Isis is on the run, etc. But if you want to remain miserable go ahead.

#14 | POSTED BY FISHPAW AT 2017-12-28 11:33 AM | REPLY |

Nothing Trump has done is in effect yet. This is Obamanomics. A steady rise since the last time the republicans sank the economy. Our new bubble is pretty close to the needle.

#15 | Posted by hatter5183 at 2017-12-28 02:00 PM | Reply

Thank President Trump, preferably while kneeling like a Copernickian.

#3 | POSTED BY COOKFISH

Name one major economic initiative passed by Trump since he took office other than the VERY VERY recent tax cuts.

Seriously, I'll wait.

#16 | Posted by Sycophant at 2017-12-28 02:21 PM | Reply

Nothing Trump has done is in effect yet. This is Obamanomics. A steady rise since the last time the republicans sank the economy. Our new bubble is pretty close to the needle.

#15 | POSTED BY HATTER5183 AT 2017-12-28 02:00 PM | FLAG:

Consumer confidence is not based on the past but keep on holding on to it if you want.

#17 | Posted by fishpaw at 2017-12-28 03:04 PM | Reply

Consumer confidence is not based on the past but keep on holding on to it if you want.

#17 | POSTED BY FISHPAW AT 2017-12-28 03:04 PM | REPLY |

Consumer confidence has been rising because all the people who lost their homes and jobs because of republicans got them back over the last 8 years. It is based on money in their pocket which has not been affected by anything Trump has done yet

#18 | Posted by hatter5183 at 2017-12-28 03:38 PM | Reply

Trump did what exactly to MAGA?

#12 | Posted by OTT0

Look new guy,

Asking trolling questions like that wont get you answers.

Name one major economic initiative passed by Trump since he took office other than the VERY VERY recent tax cuts.

Hold on grasshopper! Let the man get in office for more than a few months, would you? Just his repealing of the business strangling regulations is almost enough to spur the economy!

And fish is right, no one had confidence in Obama like they have in Trump, even if they aren't saying it on your liberal sites you go to..

#19 | Posted by boaz at 2017-12-28 03:39 PM | Reply

Consumer confidence has been rising because all the people who lost their homes and jobs because of republicans got them back over the last 8 years.

What jobs? You mean all those McDonalds and Applebee's jobs that was 2/3rds of every jobs number Obama had?

#20 | Posted by boaz at 2017-12-28 03:41 PM | Reply

Hold on grasshopper! Let the man get in office for more than a few months, would you? Just his repealing of the business strangling regulations is almost enough to spur the economy!
And fish is right, no one had confidence in Obama like they have in Trump, even if they aren't saying it on your liberal sites you go to..

#19 | POSTED BY BOAZ AT 2017-12-28 03:39 PM | REPLY

Please do tell. What regulation did he repeal that is responsible for the current economy. Be specific.

Please provide evidence that something good happening today was not happening before and was directly prevented by the regulation

#21 | Posted by hatter5183 at 2017-12-28 04:07 PM | Reply

Do any of you guys on the right understand why there is such a thing as regulations? Please name one that was initiated for the purpose of "strangling" business.

Most problems start out as the solution to some other problem. Regulations are solutions. When you remove the regulation, you get back the problem that prompted the creation of the regulation in the first place. Do you have the same problem with criminal laws you have with regulations? Why not? If we have to regulate people (because some of them do things that harm others), why would we not need to regulate businesses (which are run by people, and some of them do things that harm others)?

#22 | Posted by WhoDaMan at 2017-12-28 04:23 PM | Reply

What jobs? You mean all those McDonalds and Applebee's jobs that was 2/3rds of every jobs number Obama had?

#20 | POSTED BY BOAZ AT 2017-12-28 03:41 PM | REPLY

No I mean the 2.9 million new healthcare jobs and the 1.4 million professional service jobs and the 1.8 million Admin jobs that were created. You can have the 1.3 million retail jobs that were created

The median pay rate of the 10.9 million jobs created under Obama was $56,000 which is significantly higher than the $32,767 median individual income

money.cnn.com

#23 | Posted by hatter5183 at 2017-12-28 04:26 PM | Reply

Let's deregulate the criminal code. Those regulations against theft and larceny are preventing people from growing their wealth.

Not a good idea. Do tell

Either is removing a regulation that required high risk loan originators to carry the risk of the loans they made instead of pocketing the higher fees and selling the loans as derivitives to third parties.

Either is removing the regulations on commodities trading so that "investors" could buy up enough aviation fuel futures to add $100 to every plane ticket and then sell the fuel to the companies that actually use it to fly jets and have no option to not buy fuel for them

#24 | Posted by hatter5183 at 2017-12-28 04:36 PM | Reply

"The median pay rate of the 10.9 million jobs created under Obama was $56,000 which is significantly higher than the $32,767 median individual income"

no, the US median pay rate ended at $56K....that number does not reflect the median pay rate of jobs created.

I don't know where you got $36K median income figure.

#25 | Posted by eberly at 2017-12-28 05:05 PM | Reply

The typical middle class income in the U.S. is just over $56,000 a year. Economist Joseph Brusuelas of RSM, an accounting and audit firm, has taken a close look at jobs added in the Obama economy. He defines "high wage" as a job that has a median salary of $58,000 or more a year (so just above the median income).

Yes, there are a lot of assumptions that go into a calculation like this. For example, earning $58,000 in Cleveland takes you a lot further than earning the same amount in New York or San Francisco. But it's a reasonable assessment of how good the jobs are are under the Obama economy.

Brusuelas found that 47% of the jobs created since January 2010 (he argues that's when you start to see the effects of Obama's policies) have been in the high-wage category.

#26 | Posted by eberly at 2017-12-28 05:06 PM | Reply

$56K is median household income, no?

Doesn't that assume a two income house?

It must since a quick Google search shows that median individual income in the US is just a shade under $32K a year.

#27 | Posted by jpw at 2017-12-28 05:33 PM | Reply

27

yes, that's household income. I don't disagree with individual median income figure..

and maybe I'm wrong and hatter isn't far from being accurate....as the 47% of jobs created have been above $58K, according to that link.

That tells us that almost half of the jobs created were high paying (according to their definition of the term).

#28 | Posted by eberly at 2017-12-28 05:39 PM | Reply

...ok, let's see:
retail sales trend UP started in 2009; stock market DOW rose MORE in Obama's first year (than Dotard J. LiarToUS); and, jobs were stronger (than Dotard J. LiarToUS) under Barry's last year.

#29 | Posted by ichiro at 2017-12-28 08:13 PM | Reply

#28
probably jobs in Dubai, et al. by international conglomerates operating as US ... well ... "citizens."
i don't make the case for closing borders I make the case for education, and, not letting these conglomerates masquerade as citizens.

#30 | Posted by ichiro at 2017-12-28 08:17 PM | Reply

Where do republicans get their BS income numbers?

Scott Walker just made a big announcement that the average family in Wisconsin will get a $2500 tax cut.

They calculated that based on a $98,000 annual average income.

The median income in Wisconsin is $55,638

#31 | Posted by hatter5183 at 2017-12-29 11:32 AM | Reply

"Where do republicans get their BS income numbers?"

DC cherry trees.

#32 | Posted by Danforth at 2017-12-29 11:39 AM | Reply

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