Consumers Forgoing Retailers' Discounts as Fear Sets In
New economic data show that last month consumers were not tempted by retailers offering deep discounts. They were not enticed by lower home prices. And even though falling gas prices made their wallets a little fatter, they held on to their newfound savings and put off buying big-ticket items such as autos and home appliances. Full Story »
Posted by Derek Hawkins
With the banks holding own to the bail-out money, paying dividends instead loaning money for big ticket items such as cars, large appliances , and really keeping the American's taxpayer money to correct their books, this looks like a blue holiday season. can't believe theygave Paulson 300 billion dollars with only three sheets of paper with instructions on how to spend it.He at first said he would help the struggling homeowners, but in less than 24 hours, most went to the banks to straighten their books.