Friday, October 24, 2008

John Lewis shows the Slump

Even our redundant and troughing Members of Parliament spending their apparently never-ending tax-payer funded allowances at John Lewis cannot now boost that stores sales sufficiently to disguise the reality of the SLUMP. Notably the Government supporting Guardian uses that very term "SLUMP" when reporting the stores 7.6% drop in weekly sales in the week to 18th October, read here. The reality cannot be much longer hidden, Alistair Darling pretending we are entering a recession (the credit crunch is 14 months on) by hanging his hat on the technical economic ' two calendar quarters of zero or negative growth' should be made to own up to the reality as defined in Collins for business activity:- "to decline suddenly; collapse" or in economics: "another name for depression" How can they not only be allowed by the media to escape blameless for years of economic mismanagement, but now be allowed to spin away as to the reality of the desperate plight they have put us in? I put the BBC at the head of the long, long list of fellow-travellers and culprits!

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