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Thursday, August 13, 2009

Retail sales down, unemployment up

business man fills out a tax form photo

People, politicians are liars. They told us we were in a recovery. Well, guess what - retail sales are down, and unemployment is up. This is bad news for states like California which are reeling from a drop in sales tax. Already, certain states like Illinois, home of Obama's Chicago gang have raise sales tax to 10%.

Expect as things get worse for states to raise both income tax and sales tax. This is not economic recovery that we are seeing, rather instead an economic ruin.

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