commentary, philosophy, and outright rants

Retailers want a bailout too

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.

50-60%???

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.

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