taxation and new mcworld order. joining me is morgan brennan. let s start with the retail slump. even the cheaper gas prices couldn t get people in the stores last month. what does it mean for the economic recovery? it means the economic recovery is not looking as strong as economists were hoping at the beginning of the year. americans have surprise been tightening their belts and not spending as much as anticipated at the beginning of the year. the consumer department released their retail sales numbers and americans have pulled back on spending despite those gas prices dropping and actually the stock market rally. i think that there s a couple reasons for this. the first is the weather and the second is actually the fact we ve seen tax hikes, payroll taxes increased, for example. i think a lot of americans are feeling not quite as confident about the economy. here is something interesting on tax reports. the math here from the pew research center, that doesn t add up because it s
i just stick the bar in the dryer like this, and it freshens my laundry for me so i don t have to think. wait. what was the question? [ male announcer ] how do you get your bounce? [ man ] stick it and forget it. three big money headlines. one, sales slips and slumps. two mental taxation, and three, new mcworld order. so joining me to put all this in perspective, consumer expert regina lewis. hi, alex. so let s start with this retail slump. even the cheaper gas prices couldn t get people into the stores last month. what s this mean for economic recovery? well, you re exactly right about that. and weather may have been a bigger factor than gas prices. you ll remember in february we