DANGER SIGNS – AT 9:28 A.M. ET:  The Obamans tell us that the economy is doing just fine, recovering after six years, and that soon we'll have tofu in every pot and two Macs in every home.

Not so fast, Barack.  There are several major economic indicators that have gone wobbly, and retail sales – what people actually buy every day – is one of them.  From The Hill: 

U.S. retail sales fell for the third consecutive month in February, a drop potentially driven by cold weather.

The 0.6 percent drop followed up January's 0.8 percent fall in retail sales, the Commerce Department said Thursday.

Car dealers and retail and food stores were among the sectors to see falling sales in February, according to the Commerce data.

Consumer spending adds up to about two-thirds of U.S. economic activity, and analysts had expected a slight increase in retail sales in February. The drop comes as the Federal Reserve is also considering a potential interest rate increase, its first in nine years.

COMMENT:  Well, cold weather might have some effect.  But that should have been countered by higher employment, if the Obama propaganda ministry is to be believed.

A common comment about the economy is that positive statistics don't seem to be reflected in what people see around them every day.  Most people I speak with really don't think the economy is improving.  Yes, there are jobs being "created," but what kind of jobs?  People are working for less, their dreams destroyed.  College graduates can't get jobs.  Many young people starting out in life can't afford to live in the towns where they grew up.  Jobs are insecure.   The list goes on.  Things are not good, and they're not likely to get better until we can make this economy boom again.  And that isn't happening.

March 13, 2015