In an interview on CNN, Marshall Cohen, chief industry analyst for the NPD group, said that when retailers give discounts of 50-60% they’re about breaking even.
And now they want a bailout because they’ve been making 50% profit on what they sell??
Maybe in this economic climate the government should give them the tax subsidy they’re looking for; but in return the retail czar (like the “car czar”) should make sure they make no more than 20% profit. This will help consumers and the economy a whole lot more than guaranteeing their fat profit margins by spending Federal tax dollars.
You won’t see me much online for the next week… I’ve been getting all sorts of tests because I get lightheaded when I eat, and my blood tests and other tests are indicating that I have an ulcer or an obstructing gallstone. So I can’t eat solid food, and I’m drinking a lot of Gatorade… and resting a lot.
Reiki practitioners and those who do healing magic: I need all the help I can get, both for medical healing and for calming me down – I’m the kind of person who knows just enough medical information to scare myself silly.
|Honorable William O. Douglas, U.S.S.C. (1898-1980):
|“We must realize that today’s Establishment is the new George III. Whether it will continue to adhere to his tactics, we do not know. If it does, the redress, honored in tradition, is also revolution.”
|Senator John McCain (R-AZ):
|“Senator Obama and I have had and argued our differences, and he has prevailed. No doubt, many of those differences remain. These are difficult times for our country, and I pledge to him tonight that I will do all in my power to help him lead us through the many challenges we face. I urge all Americans who supported me to join not only in congratulating him, but offering our next president our good will and honest effort to find the necessary compromises to bridge our differences.”
|William Jefferson Clinton:
|“We just had the biggest redistribution of income upwards in the last eight years since the 1920s, and we know how the 1920s ended.”
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