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Winning? T-rump lied this morning about Christmas retail sales !

posted 4 years ago by [deleted]
3 replies | jump to latest

Even on Christmas Day, T-rump can't stop from spreading lies to America. In his early morning tweet, he claimed:

“2019 HOLIDAY RETAIL SALES WERE UP 3.4% FROM LAST YEAR, THE BIGGEST NUMBER IN U.S. HISTORY. CONGRATULATIONS AMERICA!”

Of course, he wasn't being honest at all.

First, the numbers for retail sales haven't been released yet - they won't be for another day or so.

Second, if you do go by the 3.4% he's bragging about, it is NOT the biggest number in US History. That number was actually achieved under President Obama, when Christmas retail sales jumped 5.5% from 2009 to 2010. CONGRATULATIONS PRESIDENT OBAMA !

And 2019 sales had to go up, since they sank 1.9% in 2018 - the worst plunge in 9 years.

[–] Doggiesaddy (41) 4 years ago

That goddamn liar. The economy sucks and I am over the moon about it. T-rump is losing.

[–] TexasJack (12515) 4 years ago

"And 2019 sales had to go up, since they sank 1.9% in 2018 - the worst plunge in 9 years."

What is your source for this claim?

https://www.cbsnews.com/news/2018-holiday-sales-soar-to-6-year-high/

https://www.emarketer.com/content/us-2018-holiday-season-review-and-2019-preview

https://www.businessinsider.com/2018-holiday-ecommerce-sales-set-record-2019-1

[–] [deleted] 4 years ago

https://www.marketwatch.com/story/retail-sales-sink-12-in-december-to-mark-biggest-drop-since-2009-as-holiday-season-fizzles-out-2019-02-14

The numbers: Sales at retailers fizzled in December and posted the biggest decline in nine years in a worrisome sign for the U.S. economy, according to a long-delayed government report.

Retail sales sank 1.2% in December, the U.S. Census Bureau said Thursday. It’s the largest drop since September 2009, a few months after the end of the Great Recession.

Economists polled by MarketWatch expected sales to be flat.

Retailers faced plenty of headwinds in December, including a stock-market meltdown, sudden talk of recession, the start of the partial government shutdown and a bout of unusually poor weather.

Yet the large decline in sales appears to go beyond that and offers more proof the economy slowed toward the end of 2018. Sales fell in every retail category except auto dealers and home centers.

The disappointing drop in sales battered stocks in Thursday trades, but many economists were skeptical that sales were quite the disaster the report seemed to indicate.

What’s was surprising was a 3.9% reported decline in sales at internet sellers. That would mark the sharpest drop since November 2008 — the middle of the last recession. Yet by all industry accounts, online merchants led by Amazon AMZN, +1.43% and eBay EBAY, +0.58% reaped big sales gains.

Less surprisingly, sales tumbled 3.3% at department stores that have been losing ground for years to mainly internet-based competitors. Traditional brick-and-mortar chains such as Macy’s M, +0.96%, Kohl’s and Nordstrom posted disappointing sales in December.