The Retail Numbers Are In.
Don’t tell Lost Angeles Times business non-reporter Michael Hiltzik, who early in the shopping season wrote:
The ideological spinners on the state of the U.S. economy made much of the recent upward revision in third-quarter GDP numbers and even more of retailers’ initially upbeat claims about “Black Thursday” crowds, as though honest, objective reporting that cited the tapped-out consumer, layoff announcements, and high energy prices were nothing but lefty attacks on the superb economic leadership of George W. Bush. Wait till the November retail sales figures arrive on Thursday, they said–that’ll prove that this is gonna be one of the best Christmas seasons ever!
Well, the numbers are in, and they stink.
Like much of the over-the-left-edge Times, Hiltzik can’t take off his blinders to see the economy as it is, as to do so will be to credit President Bush and the tax cuts with success. Never! Never! Another MSM Ahab joins the hunt.