When $0.99 Becomes Unaffordable, We Have A Problem

[SEE3772]

Earlier today, fast food juggernaut McDonalds reported same store sales for the month October. At -1.8%, this number was well below expectations of -1.1%, and a drop from September's 1.9%. It was driven by a 2%+ drop in comp store sales across all locations: US, Europea and APMEA, with the US performing just as bad as Europe. Most importantly, this was the first monthly drop in MCD comp sales since March 2003! So our question is: at what point does the perpetually self-deluded US population finally admit to itself that when even 99 cent meals are no longer affordable, that this country has a problem?

Charting the last 4 years of McD sales, and eagerly looking forward to 4 more years.



Source: Zerohedge

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President Barack Obama or Federal Reserve Chairman Ben Bernanke: Who do you think has more control over the economy?

[ChoomCzar]

Originally Posted by SEE3772

Earlier today, fast food juggernaut McDonalds reported same store sales for the month October. At -1.8%, this number was well below expectations of -1.1%, and a drop from September's 1.9%. It was driven by a 2%+ drop in comp store sales across all locations: US, Europea and APMEA, with the US performing just as bad as Europe. Most importantly, this was the first monthly drop in MCD comp sales since March 2003! So our question is: at what point does the perpetually self-deluded US population finally admit to itself that when even 99 cent meals are no longer affordable, that this country has a problem?

Charting the last 4 years of McD sales, and eagerly looking forward to 4 more years.



Source: Zerohedge

---

US Foodstamp Usage Rises To New Record High

Congressional Research Service (CRS) Report: Welfare Government’s Single Largest Budget Item In FY 2011 At Approx. $1.03 Trillion

President Barack Obama or Federal Reserve Chairman Ben Bernanke: Who do you think has more control over the economy?

Well, maybe Odumbo will extend food stamp usage to Restaurants if they promise to modify their menus to meet Moochelle's standards.....or then again, maybe they can move all their locations to China and the ME! LOL!