$1,400 stimulus checks helped March retail sales soar 9.8%

[SheltieLover]

https://www.localmemphis.com/mobile/article/news/nation-world/march-retail-sales-soar-2021/507-e551178c-7214-481d-98fd-4d273c7a997d

Sporting goods stores saw the biggest jump in sales, followed by clothing stores.

WASHINGTON — Newly vaccinated and armed with $1,400 stimulus checks, Americans went on a spending spree last month, buying new clothes and going out to eat again.

Retail sales surged a seasonally adjusted 9.8% after dropping about 3% the month before, the Commerce Department said Thursday.

The increase was the biggest since May of last year, when stores reopened after closing at the start of the pandemic. It was also much larger than the 5.5% increase Wall Street analysts had expected.

Go Joe!!!!!

[Probatim]

1. Basic economic policy at work

Shows the "marginal propensity to consume" still applies in the 21st century. And further proof that money in the hands of consumers is better than tax cuts for the wealthy.

[SheltieLover]

8. Yup. Trickle up is what works!

[crickets]

15. +1

[patphil]

2. That's why the Republicans were against this.

Actually helping others isn't something they do. They're much more inclined to helping themselves, and the people/companies that bankroll their elections.
There is no way they wanted the Democrats to get the credit for a revived economy.
Ironically, if they got on board and made it truly bi-partisan, they would have been able to take credit for the restoration of the economy.
After all, even a majority of their base was in favor of the Covid Relief Bill.
Now the Democrats will get the credit, and the Republicans will be relegated to whining about government socialism. Pretty stupid on their part.

But in the final analysis, Republican politicians are just plain selfish; unable to see beyond their own narrowly perceived interests. They simply have their heads up their collective asses; not a good place to get a view of what is really going on, or what would be the best for the nation.

[Yavin4]

3. That's also why they're pushing so hard on the race and cultural issues.

They've got to keep the outrage machine humming.

[SheltieLover]

10. Of course!

It's all they have. They haven't had a plan to "fix" anything in a very long time. Only to fill their own pockets and continue skirting laws.

[sheshe2]

4. For starters I need new glasses 🤓

[SheltieLover]

5. Me too, She!

But my water heater decided this is the perfect time to screw up. Looking at tankless ones, but hard to find a high-efficency one with a warranty that will be honored if the unit not installed by a "licensed plumber." (Licensing in the not-so-great red hellhole of TN pretty much assures an excessively high bill, AND definitely screwed up results.)

[sheshe2]

14. Good luck with the water heater.

I’m glad I don’t have to deal with those kind of things anymore!

[SheltieLover]

6. Someone had posted about great places to get RX filled online with very affordable frames

I can try to look for the post if you want.

[sheshe2]

13. If you stumble on it I will take a look.

Not sure how that would work for me since I have progressive lenses. They usually have to measure your eyes.

Ty 😊

[Johnny2X2X]

7. A lot of people are flush with cash

My wife has a small gardening business, this Spring is shaping up to be amazing for her, everyone wants to spend money making their homes and yards nicer.

[SheltieLover]

11. Fabulous!

Glad to hear! Thanks for sharing your great news with us.

[sarcasmo]

9. Needed a new printer and hired a plumber, thanks Biden Bucks....

[SheltieLover]

12. Biden bucks - love it!

My water heater decided to take a crap, so I'm looking for a tankless unit made by a company that will honor the warranty if not "professionally" installed. (A licensed plumber in TN would be a huge waste of money...)

[sarcasmo]

16. Donated 200 to the local food bank, and put Biden Bucks in the memo on the check.