Gallup just completed a survey of weekly spending that reveals further decline in the average Americans spending during the first week of August 2010...a month where most parents are preparing for the new school year. Even worse than last years poor numbers. While the present administration...government officials and economic guru's right down to the local level keep singing the "Happy Song" one can only wonder how much worse it's going to get before it gets better. To be honest...the way our government spends...all levels...I doubt we will see a "recovery" in our children's or grandchildren's lifetime.
With "back to school spending" in the toilet...makes you wonder how Christmas sales will go after the seasonal employees get their pink slips.