Wednesday, December 22, 2004No rich person left behindConsumers like Meehling help explain why upscale retailers such as Neiman Marcus and Saks Fifth Avenue have seen their sales soar this holiday season while discounters like Wal-Mart and many mid-price department store chains have struggled. They also help explain how the economy could grow at a healthy 4 percent this year even as it seemed stagnant to so many who had trouble finding a job or whose income did not keep up with higher costs for food, energy, health insurance, tuition and other items. Must be all those tax breaks Bush gave his rich friends. posted by chris at 2:33 PM ------------------ |
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