Digmen1 - 8:02 pm on Jan 14, 2010 (gmt 0)
Retail sales are never going to rise until the number of unemployed starts to drop markedly.
While people are out of work or worried about losing their jobs, they will not increase spending.
Obama's Job creation scheme is said by the government to have created or saved 680,000 jobs ! That is a drop in the bucket when there are millions of unemployed.
The US Chamber of Commerce says they and the government need to create 20 million jobs in the next 10 years.
Where are these going to come from ? Factories are closing, outsourcing is increasing ! Companies and corporations do not create jobs because the country needs them to. They create jobs when they need more employees !
I think Obama needs to stop worrying about everything else and get serious about job creation.
I think the US needs to get back into manufacturing.
You need to make stuff to sell that other people and countries want.