Barack Obama and John McCain both support short-term proposals to help the economy but it is their longer-term ideas voters should consider, according to Leo Tilman, President of L.M. Tilman & Co.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Retail Sales in Jan rose .4% headline m/o/m, .7% ex auto's, .6% ex auto's and gasoline and .7% at the core. The headline figure was less than expected while the rest were slightly better. But, with respect to non headline sales, because Dec figures were revised lower, taking the two months together were about in line with forecasts overall. Sales rose in electronics, building materials, food/beverages, clothing, sporting goods, dept stores and restaurant/bars and fell interestingly for online retailers, health/personal care, furniture and motor vehicle/parts. Bottom line, headline sales were below expectations due to the greater than expected fall m/o/m...
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November 4th, 2008 at 4:13 am
For those like me who can’t see the video (Barry – can you also add the direct link to the source in the meantime?), here is a good comparison analysis:
Excerpt:
“Let me stress what I think is the key take-away from this table: the total revenue loss FY2009-18 under the McCain plan is $4170.5 billion, as compared to the $2947.6 billion loss relative to CBO current law baseline. So the McCain plan implies a $1.2 trillion extra revenue loss. Alternatively, the McCain plan implies a 41.5% greater tax revenue loss than the Obama plan.”
Link
November 4th, 2008 at 6:46 am
Done!
http://online.wsj.com/video/obama-vs-mccain-on-economics/7B1C5F0D-5787-447E-AB1E-7F3CCF147026.html