BAILOUT WATCH 2009 "RETAILERS"

The National Retailers in America are looking for a bailout because, of poor holiday sales. The retailers facing record losses are asking President-Elect Obama to incorporate three tax free holidays in 2009. The retailers want this to be incorporated in the stimulus package bill. The Retail situation is critical said National Federation Retailers wrote in letter to President-Elect Obama. In October through December consumer confidence level were at it's lowest level in the last 50 years. We urge you to act quickly on this legislation to help so, that you can make consumer spending as one of your first priorities of your Administration the NFR Said in the letter. Therefore, under this proposal the Federal Government would reimburse the state governments for losing tax revenue. The letter also, stated without quick additional Government measure the current economic weakness could worsen creating rapid downward spiral that could be worse than the economist are predicting for 2009. The group supports Mr. Obama's effort to create a long-term stimulus package that will generate jobs by rebuilding the infrastructure and investing in public schools and alternative energy programs. In the third quarter spending fell 3.7% the biggest drop in 25 years. The fourth quarter results are expected to fall even more. Finally, who's next in 2009 to stand in line for there handout from the Federal Government. This Corporations, Retailers, Banks and Firms have no shame when trying to get free taxpayers dollars form the Federal government.