US retail sales up 0.2 percent in July

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  • My2Cents Taylorsville, UT
    Aug. 14, 2013 5:18 a.m.

    Not good news at all. This is shameful and misinformation of the truth where inflation and dollar devaluation is driving up the cost of everyday retail sales. Increased spending is not by choice but by the bad economy with retailers raising prices to recoup losses in international monopolies fixing prices on foreign goods.

    An increase of cost without and increase of incomes is a negative economic disaster where its negative growth. Consumers haven't gained with expendable incomes, we have had a net loss where poverty level increased and being poor and on welfare is economic growth for the mexican nationals. When a states gross welfare spending is greater than a working persons income then its serious socialism and excessive government spending being exploited as economic growth.