Friday, February 19, 2010

The Handwriting is on the Walmart

So, the stimulus worked. Barack saved us from another depression.

Meanwhile, back in reality, jobless claims rise, inflation jumps up and Walmart had its first fall in quarterly sales at its US discount stores. Tom Schoewe, chief financial officer, highlighted the cautious mood of Walmart’s largely low-income shoppers, saying there was still a high level of anxiety over unemployment. It seems the average Walmart shopper is smarter than Barack's economic gurus.

Get ready folks, the worsening of the economy is yet to come. That light Barack sees at the end of the tunnel is an oncoming train.

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