This is when the Cash for Clunkers really makes Obama Smart.
People keep saying that consumers will be squeezed by Gasoline, but what most don't realize is that many consumers have switched to better MPG cars since 2008, thanks to the Clunkers rebate and they got rid of the gas guzzlers that were on the rode in 2008 whihch is the last time Oil went over $100.
Proof consumers are still spending is all around like today with Tempur-Pedic International Inc. (TPX) said that it expects to earn 67 or 68 cents per share on revenue of $325 million for the quarter that ended March 31. That's well above the 58 cents per share and $290.5 million in sales that analysts polled by FactSet have been expecting,
and yesterday with similar bullish forecasts by BBBY and PIR