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11/29/2004

Economic Growth...this proves its all a lie.

The Bush Administration and all their followers have preached over the past four years that the economy was on the rise and all was good in the U.S. for workers and consumers, but today's news of Wal-Mart showing a disappointing Thanksgiving weekend sales profit might wake a few folks up...but I doubt it.

Wal-Mart, the world's largest retailer, fell about 3.5 percent to $53.37 after it slashed its forecast for November sales on Saturday, saying customer traffic slowed toward the end of the week.

Analysts said Wal-Mart's forecast could fuel concerns that high oil prices and lackluster job and wage growth could curb spending over the holidays, particularly among lower-income earners.

Folks its a simple matter of logic here and you don't need a degree in economics to figure it out. Ok are you ready for the grand revelation...no money in consumers pockets equals less money they can spend, especially on non-essential items.

Imagine in a couple more years when the Administration has allowed more jobs to outsourced and more people are out of work.

I guess the only good thing about this story is probably some Wally World Executives are going to be facing the corporate firing squad and may realize what it means to be out of work.

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