Tuesday, February 03, 2009

EVEN THE LEFTIST WASHINGTON POST ADMITS THAT THE DEMS' NEGATIVITY IS TANKING THE ECONOMY

Obliquely, of course.

From this article on February 3, 2009:
Consumers in December scaled back on spending for the sixth month in a row -- even though they had slightly more to spend -- in a sign that Americans remained nervous about the future.

...The savings rate rose to 3.6 percent from 2.8 percent.

Consumers decided to hang onto more of their money even though disposable income rose slightly when adjusted for inflation.....

"It really helped the average American that gasoline fell back this past fall and winter, but that's basically behind us," said Stuart Schweitzer, global markets strategist at J.P. Morgan's Private Bank....

The falloff in consumer spending has cut off oxygen to countless retailers...
The downturn we're experiencing is being made worse as the Dems beat the drum so as to advance socialism as rescuer of our nation's economy.

Talk about a vicious cycle!

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