Saturday, February 23, 2013
The triple whammy of the Obama economy
That topic is explained by The Lonely Conservative in this post over at her blog: Retailers Prepare for "Triple Whammy." As she writes, Wal-Mart and other retailers are beginning to experience the trickle-down effects of the Obama administration's policies increasing the economic stress on lower-income Americans. The troika of "lower paychecks, higher gas prices and sluggish employment" have people on the lower end of the income scale cutting back their purchases. And as The Lonely Conservative notes, Obamacare hasn't even fully kicked in yet, and is likely to bring its own set of woes to the economy. Very bad news, and there is no sign, as she points out, that the Democrats are willing to acknowledge the damage the current administration's policies are inflicting on the working and lower-middle classes.