Quote:
Originally Posted by cbtengr
Has anyone noticed that since the beginning of the year the MSM has done nothing but report how the economy is rebounding and how consumer confidence is getting stronger. In fact yesterday it was reported how Americans were starting to take on more credit card debt. Its an election year miracle for the chosen one. His economic speaks for itself.
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I think it may have been going on longer, but Yes I have. Like the Jobless claims that get widely heralded by the media and then 7-10 days later the numbers get revised and the media is quiet about it. Those numbers don't include people who have remained unemployed and exhausted their benefits.
Or how about all that hype on holidays sales which turns out is pretty bleak.
Zerohedge.com does a good of reporting reality.
As for credit cards use, my business continues to see a decrease in cc transactions and an increase in cash and checks.