NEW YORK (AP) -- With just a few days left before Christmas, the nation's retailers are in a lather to attract last-minute shoppers to salvage what has been a mediocre December.When people's pockets are as empty as this, then it's a recession - no matter how the Bush administration and its glad-handers massage the figures.
Update by Libby: McQ weighs in. He's mightily irked that the article dared mention the mortage meltdown, even though it notes it wasn't a factor in the tent city in SoCal and then takes a crack at my post.
UPDATE: Of course, dependable as dawn, the usual suspects swallow the nonsense hook-line-and-sinker and predictably blame it on Bush.
Well, how silly of me to think that Bush's economic policies have anthing to do with, you know, the current state of the economy. Kathy at Liberty Street kindly comes to my defense.
Whether the 200 or so people living in that tent city in California are there because the bank foreclosed on their houses, or whether they are there because they can't find a job or a place to live and they have nowhere else to go, the problem is an economy that forces people into such desperate situations, and a presidential administration that simply does not care.
That's the point. The Bushenomic boom is a numbers game. Sure it grew the economy but the benefits accrued to those who needed them the least, at the expense of the millions of working class Americans who find themselves one paycheck from the street. Yet the materialistic conservatives still can't understand why were not excited by the pretty charts that tell us how much more well off, the have mores have become.