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The article shows how retail sales statistics published by the Census Department overstate actual results because they do not reflect store closings. The article also shows how retail sales statistics show improvement while sales tax revenues are dropping rapidly. This shows how the "recovery" that the MSM is talking about is not really happening.
1 posted on 11/16/2009 9:51:58 AM PST by detective
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To: detective
The best evidence I have for a poor "recovery" at best comes from the local Chamber of Commerce in a town where I own some commercial real estate.

They're selling gift cards with a 10% discount. You can buy a $50 gift card -- to be used in any member establishment -- for $45.

Just think about that one for a second, folks.

2 posted on 11/16/2009 10:00:07 AM PST by Alberta's Child (God is great, beer is good . . . and people are crazy.)
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