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AP: Bad Economic News spells widespread success for economic recovery



June 30, 2009 – Comments (1) | RELATED TICKERS: WHR , PHU , AAPL

AP: Bad economic news spells widespread success for economic recovery

Consumer Spending has dipped in May, which is a positive sign pushing inventory levels of unsold goods to near max to max capacity.  This in turn brings in lots of tax money for the Government when inventory taxes have to be reported by the Retail and Warehouses.
An unknown Administration spokesman had this to say, "The increased taxes on inventories due to consumers unable or unwilling to buy goods at shopping malls, retail outlets, and online stores means we should have enough Tax Money to finally save the Spotted Owl from extinction."

In another excellent report, housing prices continue to plummet.  They are now down 18.1 percent from before.  This exciting news means homes cost less for all of the Consumers that are near broke. 

An anonymous Administration official said, "We need to see home prices fall another 95% from where they are now cause the American middleclass worker will have their taxes raised so much that they can't buy a house unless it costs less than an iPhone."

In other news Arnold Schwarzenegger has once again called for the "IOU" to become the World's Currency.

1 Comments – Post Your Own

#1) On June 30, 2009 at 3:02 PM, cthomas1017 (98.34) wrote:

I know this is a spoof but it's not far from the truth when we hear proclamations that the recovery has begun because the rate of decline fell from the record levels of decline last month.

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