Consumer Spending...

[Star]

.

Republicans predicted Obamacare would be ruled unconstitutional. Republicans predicted Romney
would be elected POTUS. Republicans predicted, if Obama were reelected the stock market would
crash and-----and Republican gloom and doomers predicted decreased spending when payroll taxes went up but-----but consumer spending is ↑


Consumer spending surprisingly robust in February - latimes.com


By Don Lee March 13, 2013


WASHINGTON -- Consumer spending grew at a surprisingly strong pace last month, another encouraging sign that the economy may be gaining momentum despite the hit from higher taxes and gas prices and fears of government spending cuts.

Retail sales rose 1.1% in February from the prior month, seasonally adjusted, thanks in large part to robust gains for cars and building materials and at Internet stores, the Commerce Department reported Wednesday. The overall sales rate increase was the biggest in five months and about double what many analysts had forecast.

Consumers did feel the pinch from higher fuel prices. Sales at gasoline stations jumped 5% last month from January, a big factor in the overall retail sales growth. Even so, after excluding consumer spending for gas and for cars, so-called core retail sales increased a solid 0.4% in February, and this measure was revised up to 0.3% for January from 0.1% previously estimated.

Taken together, the report suggests stronger underlying confidence and willingness to spend on the part of consumers, most likely reflecting rising stock prices, a recovering housing market and recent gains in employment and earnings.
.

 

[Lonestar_logic]

.

Republicans predicted Obamacare would be ruled unconstitutional. Republicans predicted Romney
would be elected POTUS. Republicans predicted, if Obama were reelected the stock market would
crash and-----and Republican gloom and doomers predicted decreased spending when payroll taxes went up but-----but consumer spending is ↑


Consumer spending surprisingly robust in February - latimes.com


By Don Lee March 13, 2013


WASHINGTON -- Consumer spending grew at a surprisingly strong pace last month, another encouraging sign that the economy may be gaining momentum despite the hit from higher taxes and gas prices and fears of government spending cuts.

Retail sales rose 1.1% in February from the prior month, seasonally adjusted, thanks in large part to robust gains for cars and building materials and at Internet stores, the Commerce Department reported Wednesday. The overall sales rate increase was the biggest in five months and about double what many analysts had forecast.

Consumers did feel the pinch from higher fuel prices. Sales at gasoline stations jumped 5% last month from January, a big factor in the overall retail sales growth. Even so, after excluding consumer spending for gas and for cars, so-called core retail sales increased a solid 0.4% in February, and this measure was revised up to 0.3% for January from 0.1% previously estimated.

Taken together, the report suggests stronger underlying confidence and willingness to spend on the part of consumers, most likely reflecting rising stock prices, a recovering housing market and recent gains in employment and earnings.
.

1.1 percent!?!?!?


Wow!!!!

Obama has saved us!!

 

[tjvh]

It isn't because Obama has been so successful, it's that people are beginning to understand the concept of "you can't take it with you".

 

[Star]

.

Republicans predicted Obamacare would be ruled unconstitutional. Republicans predicted Romney
would be elected POTUS. Republicans predicted, if Obama were reelected the stock market would
crash and-----and Republican gloom and doomers predicted decreased spending when payroll taxes went up but-----but consumer spending is ↑


Consumer spending surprisingly robust in February - latimes.com


By Don Lee March 13, 2013


WASHINGTON -- Consumer spending grew at a surprisingly strong pace last month, another encouraging sign that the economy may be gaining momentum despite the hit from higher taxes and gas prices and fears of government spending cuts.

Retail sales rose 1.1% in February from the prior month, seasonally adjusted, thanks in large part to robust gains for cars and building materials and at Internet stores, the Commerce Department reported Wednesday. The overall sales rate increase was the biggest in five months and about double what many analysts had forecast.

Consumers did feel the pinch from higher fuel prices. Sales at gasoline stations jumped 5% last month from January, a big factor in the overall retail sales growth. Even so, after excluding consumer spending for gas and for cars, so-called core retail sales increased a solid 0.4% in February, and this measure was revised up to 0.3% for January from 0.1% previously estimated.

Taken together, the report suggests stronger underlying confidence and willingness to spend on the part of consumers, most likely reflecting rising stock prices, a recovering housing market and recent gains in employment and earnings.
.

1.1 percent!?!?!?


Wow!!!!

Obama has saved us!!

Maybe, maybe you're right. It could be that people's positive outlook is because of President Obama and is therefore causal for increased consumer spending, but me, I'm thinking it's just another in a long line wrongheaded gloom and doom from the Republican party, but-----but you're entitled to give President Obama credit for the improving economy...


Consumer Spending Plummets After Payroll Tax Increase - BREITBART

by Tony Lee
22 Feb 2013

When President Barack Obama and Congress agreed to increase the federal payroll tax by two percent to temporarily avert the so-called fiscal cliff in January, Americans were left with less money to spend. Now, some of the country's largest companies are seeing sales plummet as a result.

On top of high gas prices, job uncertainty, and stagnant wages, the payroll tax cut expiration, which increased that tax by 2%, will "ding a household with $65,000 in annual income $1,300 this year." Citigroup estimates the payroll tax increase will take "$110 billion overall out of consumers' hands."

According to the Wall Street Journal, companies like WalMart, Burger King, Kraft Foods, and Tyson Foods have said they are lowering earnings forecasts and "adjusting sales and marketing strategies, expecting consumers with smaller paychecks to dine out less and trade down to less expensive purchases."

<snip>

 

[Lonestar_logic]

.

Republicans predicted Obamacare would be ruled unconstitutional. Republicans predicted Romney
would be elected POTUS. Republicans predicted, if Obama were reelected the stock market would
crash and-----and Republican gloom and doomers predicted decreased spending when payroll taxes went up but-----but consumer spending is &#8593;


Consumer spending surprisingly robust in February - latimes.com


By Don Lee March 13, 2013


WASHINGTON -- Consumer spending grew at a surprisingly strong pace last month, another encouraging sign that the economy may be gaining momentum despite the hit from higher taxes and gas prices and fears of government spending cuts.

Retail sales rose 1.1% in February from the prior month, seasonally adjusted, thanks in large part to robust gains for cars and building materials and at Internet stores, the Commerce Department reported Wednesday. The overall sales rate increase was the biggest in five months and about double what many analysts had forecast.

Consumers did feel the pinch from higher fuel prices. Sales at gasoline stations jumped 5% last month from January, a big factor in the overall retail sales growth. Even so, after excluding consumer spending for gas and for cars, so-called core retail sales increased a solid 0.4% in February, and this measure was revised up to 0.3% for January from 0.1% previously estimated.

Taken together, the report suggests stronger underlying confidence and willingness to spend on the part of consumers, most likely reflecting rising stock prices, a recovering housing market and recent gains in employment and earnings.
.

1.1 percent!?!?!?


Wow!!!!

Obama has saved us!!

Maybe, maybe you're right. It could be that people's positive outlook is because of President Obama and is therefore causal for increased consumer spending, but me, I'm thinking it's just another in a long line wrongheaded gloom and doom from the Republican party, but-----but you're entitled to give President Obama credit for the improving economy...


Consumer Spending Plummets After Payroll Tax Increase - BREITBART

by Tony Lee
22 Feb 2013

When President Barack Obama and Congress agreed to increase the federal payroll tax by two percent to temporarily avert the so-called fiscal cliff in January, Americans were left with less money to spend. Now, some of the country's largest companies are seeing sales plummet as a result.

On top of high gas prices, job uncertainty, and stagnant wages, the payroll tax cut expiration, which increased that tax by 2%, will "ding a household with $65,000 in annual income $1,300 this year." Citigroup estimates the payroll tax increase will take "$110 billion overall out of consumers' hands."

According to the Wall Street Journal, companies like WalMart, Burger King, Kraft Foods, and Tyson Foods have said they are lowering earnings forecasts and "adjusting sales and marketing strategies, expecting consumers with smaller paychecks to dine out less and trade down to less expensive purchases."

<snip>

I was being sacastic.

Obama has been the worst President for the economy in my lifetime.

 

[TNHarley]

It was ruled unconstitutional in its present(at the time) state. Thats why the branded it a tax, genius
Weird how retail sales go up when income tax checks comes out..
Probably does that every year. Kinda like they go up on holidays.
YAY for obama helping out retail sales with income tax refunds! WOOHOO!

 

[thereisnospoon]

.

Republicans predicted Obamacare would be ruled unconstitutional. Republicans predicted Romney
would be elected POTUS. Republicans predicted, if Obama were reelected the stock market would
crash and-----and Republican gloom and doomers predicted decreased spending when payroll taxes went up but-----but consumer spending is &#8593;


Consumer spending surprisingly robust in February - latimes.com


By Don Lee March 13, 2013


WASHINGTON -- Consumer spending grew at a surprisingly strong pace last month, another encouraging sign that the economy may be gaining momentum despite the hit from higher taxes and gas prices and fears of government spending cuts.

Retail sales rose 1.1% in February from the prior month, seasonally adjusted, thanks in large part to robust gains for cars and building materials and at Internet stores, the Commerce Department reported Wednesday. The overall sales rate increase was the biggest in five months and about double what many analysts had forecast.

Consumers did feel the pinch from higher fuel prices. Sales at gasoline stations jumped 5% last month from January, a big factor in the overall retail sales growth. Even so, after excluding consumer spending for gas and for cars, so-called core retail sales increased a solid 0.4% in February, and this measure was revised up to 0.3% for January from 0.1% previously estimated.

Taken together, the report suggests stronger underlying confidence and willingness to spend on the part of consumers, most likely reflecting rising stock prices, a recovering housing market and recent gains in employment and earnings.
.

Yer kidding, right?
A near zero or flat consumer spending pace and you are playing trumpets?
Get back to work. Come back when the GDP annualized growth exceeds 3%.
"A robust 0.4%"....

 

[LoneLaugher]

1.1 percent!?!?!?


Wow!!!!

Obama has saved us!!

Maybe, maybe you're right. It could be that people's positive outlook is because of President Obama and is therefore causal for increased consumer spending, but me, I'm thinking it's just another in a long line wrongheaded gloom and doom from the Republican party, but-----but you're entitled to give President Obama credit for the improving economy...


Consumer Spending Plummets After Payroll Tax Increase - BREITBART

by Tony Lee
22 Feb 2013

When President Barack Obama and Congress agreed to increase the federal payroll tax by two percent to temporarily avert the so-called fiscal cliff in January, Americans were left with less money to spend. Now, some of the country's largest companies are seeing sales plummet as a result.

On top of high gas prices, job uncertainty, and stagnant wages, the payroll tax cut expiration, which increased that tax by 2%, will "ding a household with $65,000 in annual income $1,300 this year." Citigroup estimates the payroll tax increase will take "$110 billion overall out of consumers' hands."

According to the Wall Street Journal, companies like WalMart, Burger King, Kraft Foods, and Tyson Foods have said they are lowering earnings forecasts and "adjusting sales and marketing strategies, expecting consumers with smaller paychecks to dine out less and trade down to less expensive purchases."

<snip>

I was being sacastic.

Obama has been the worst President for the economy in my lifetime.

Are you 4 years old?

 

[Zoom-boing]

What is the consumer spending money on, 'needs' or 'wants'? 'Needs' have to be met and people will spend on their needs; 'wants' are discretionary and that's what's been off the past four years.

 

[Lonestar_logic]

Maybe, maybe you're right. It could be that people's positive outlook is because of President Obama and is therefore causal for increased consumer spending, but me, I'm thinking it's just another in a long line wrongheaded gloom and doom from the Republican party, but-----but you're entitled to give President Obama credit for the improving economy...


Consumer Spending Plummets After Payroll Tax Increase - BREITBART

by Tony Lee
22 Feb 2013

When President Barack Obama and Congress agreed to increase the federal payroll tax by two percent to temporarily avert the so-called fiscal cliff in January, Americans were left with less money to spend. Now, some of the country's largest companies are seeing sales plummet as a result.

On top of high gas prices, job uncertainty, and stagnant wages, the payroll tax cut expiration, which increased that tax by 2%, will "ding a household with $65,000 in annual income $1,300 this year." Citigroup estimates the payroll tax increase will take "$110 billion overall out of consumers' hands."

According to the Wall Street Journal, companies like WalMart, Burger King, Kraft Foods, and Tyson Foods have said they are lowering earnings forecasts and "adjusting sales and marketing strategies, expecting consumers with smaller paychecks to dine out less and trade down to less expensive purchases."

<snip>

I was being sacastic.

Obama has been the worst President for the economy in my lifetime.

Are you 4 years old?

If I was, I would still be smarter than you.

 

[saveliberty]

Car sales look to be contracting sharply in March. Tax refunds appear to be lower and smaller from what I have witnessed. Wages have contracted 2% also. The economy is slowing again.

 

[LoneLaugher]

If you "was" smarter than me, you would have used "were". Knucklehead.

 

[LoneLaugher]

Car sales look to be contracting sharply in March. Tax refunds appear to be lower and smaller from what I have witnessed. Wages have contracted 2% also. The economy is slowing again.

No it isn't. Wishful thinking on your part.....will not tank the economy.

 

[uscitizen]

Republicans also predicted the Iraq war would last no more than 6 mnths and cost no more than 40 billion.

The also predicted a bit of a adjustment in the economy maybe 6 months and then back to normal.

Republicans are just plumb piss poor at predicting.

 

[saveliberty]

The Obama Adminstration said unemployment would not exceed 8%. Next.

 

[TNHarley]

The Obama Adminstration said unemployment would not exceed 8%. Next.

Yea really
shall we pull obamas predictions? LOLOLOLOLOLOL

 

[saveliberty]

My apologies for leaving this Hell hole for too long. The liberals have begun to believe their bs again.

Run off and whine to admin bitches.

 

[Star]

The Obama Adminstration said unemployment would not exceed 8%. Next.

Next?
I can see why you want to make a statement, then run and hide but-----but please proceed gov...
Same ol' debunked Republican horsepucky.



PolitiFact Virginia | Cantor says Obama promised the stimulus would keep unemployment under 8 percent

Like many Republicans, House Majority Leader Eric Cantor was not in a celebratory mood on the the third anniversary of President Barack Obama’s signing of the stimulus bill.

Cantor, R-7th, fired out a four-paragraph statement saying the stimulus -- a package of government spending, tax cuts and aid to cash-strapped states that was designed to jolt the economy -- is a failure.

"Three years ago, President Obama’s first action in office was to push through a massive $825 billion stimulus package based on the promise of keeping unemployment under 8 percent," Cantor said in the Feb. 16 statement.

The claim that Obama promised the stimulus would keep the unemployment rate below 8 percent has been a favorite talking point among Republicans, including presidential candidate Mitt Romney, U.S. Senate hopeful George Allen of Virginia and House Speaker John Boehner. Cantor made a similar claim back in 2009.

PolitiFact has examined the statement repeatedly, each time rating it Mostly False. Since the claim is making the rounds again, we took a new look.

<snip>

Again, we rate the statement Mostly False.
.​

 

[saveliberty]

The Obama Adminstration said unemployment would not exceed 8%. Next.

Next?
I can see why you want to make a statement, then run and hide but-----but please proceed gov...
Same ol' debunked Republican horsepucky.



PolitiFact Virginia | Cantor says Obama promised the stimulus would keep unemployment under 8 percent

Like many Republicans, House Majority Leader Eric Cantor was not in a celebratory mood on the the third anniversary of President Barack Obama&#8217;s signing of the stimulus bill.

Cantor, R-7th, fired out a four-paragraph statement saying the stimulus -- a package of government spending, tax cuts and aid to cash-strapped states that was designed to jolt the economy -- is a failure.

"Three years ago, President Obama&#8217;s first action in office was to push through a massive $825 billion stimulus package based on the promise of keeping unemployment under 8 percent," Cantor said in the Feb. 16 statement.

The claim that Obama promised the stimulus would keep the unemployment rate below 8 percent has been a favorite talking point among Republicans, including presidential candidate Mitt Romney, U.S. Senate hopeful George Allen of Virginia and House Speaker John Boehner. Cantor made a similar claim back in 2009.

PolitiFact has examined the statement repeatedly, each time rating it Mostly False. Since the claim is making the rounds again, we took a new look.

<snip>

Again, we rate the statement Mostly False.
.​

What part of Obama Adminstration is giving you a hard time idiot?

From your source: "Clearly, the Obama administration can be faulted for estimating the stimulus would hold unemployment just below 8 percent." Sucks to be you.

 

[Old Rocks]

Cantor said Obama&#8217;s stimulus was passed with the "promise" of keeping the unemployment rate below 8 percent.

The majority leader says the vow was made in a January 2009 report issued by the incoming administration. But the study did not guarantee specific results from the stimulus, it offered economic projections that contained disclaimers saying the estimates had "significant margins of error" and a high degree of uncertainty due to a recession that was "unusual both in its fundamental causes and severity."

Clearly, the Obama administration can be faulted for estimating the stimulus would hold unemployment just below 8 percent. But contrary to Cantor&#8217;s claim, Obama never promised that outcome, nor did his administration.

Again, we rate the statement Mostly False.

In context. Love how you dingleberries always create lies by taking statements out of context.