US Shoppers Spent Less on Black Friday Than Last Year
Posted by Jim Hoft on Sunday, November 29, 2009, 5:08 PM
This is not a good sign.
US shoppers spent less this year on Black Friday than last year.
CNBC reported:
American consumers shopped more for bargains at the start of the U.S. holiday season and spent significantly less than a year ago, according to early data released on Sunday.
Consumers said they will have spent nearly 8 percent less on average, or about $343 per person, over the weekend that includes U.S. Thanksgiving Day, Black Friday and runs through Sunday, according to the National Retail Federation.
That stimulus sure worked wonders, didn’t it?
ADVERTISEMENT
-
Featured Story:
Horrible… Obama Tells Foolish Supporters: I’m Not Over-Spending… “I’m Running to Pay Down Our Debt”
Published May 23, 2012 at 11:51 pm - 59 Comments
Chris Vehr commented:
When things get tight, smart people do not spend more money.
The Obama administration has no clue.
Robert commented:
Off topic;
In other news, the Honduras elections were held today, in spite of past meddling by the Obama administration.
Ginger commented:
Hey, Barry’s spending all our money on trips, golf, partys, and “paying his buddies to play.” None left for us!
chuck in st paul commented:
With real unemployment up around 17% you say that like it’s a surprise….(??!?)
Ya gotta have cash to spend it (unless you’re a victim then we’ll give you the stuff).
BurmaShave commented:
“Consumers said they will have spent nearly 8 percent less on average, or about $343 per person,”
Is that in constant dollars or inflated dollars? If the latter, how much percent less on average is that in constant dollars?
DaveinPhoenix commented:
These clueless sacks of dog excrement will someday figure out that the private sector creates jobs. Jobs create wealth. Wealth creates spending.
Texmom commented:
I know that my business is way down this fall, so we just refinanced the house and will spend abot 30% less on gifts this year. Unlike the administration, we CUT BACK when the economy is tough; we don’t spend more than ever.
Espresso Logic - The 6th Sense commented:
How’s that Hopey / Changey thing working out for y’all?
Valerie commented:
I bought staples for my unemployed son on Tuesday before Thanksgiving, and not one thing at all on Black Friday. That was a first, for me.
Oscar commented:
That depends on which industries are getting “stimulated”.
Pre-filled absentee ballots? Yep, ACORN has that one. (Or are those ballots made in China, too?)
Democrat party slush fund/money laundering? SEIU, AUW, NEA, and so on, have that one nipped.
Wait — you’re talking about real, long-term jobs that actually contribute something? Nope, got none of that here.
Kathy from Kansas commented:
Well, sorry, I know that this represents bad economic news, and for that, I’m sad—but “Black Friday” is a “tradition” that I’ve always hated. It’s kind of obscene, really. We’ve just spent the day before humbly giving thanks for the simple blessings of life—food, family, friends—and then we go out and “fight the crowds” (what a way to talk about our fellow man) in a giant spending orgy? Yuck.
Call me Scrooge, but I’ve never done the “Black Friday” thing, and I never intend to. The day after Thanksgiving has always been for us a special, rare time, when the kids are out of school, there’s no pressure on, and we can just hang out, play card games, eat turkey leftovers, and, when the weather’s nice (which it was this year), enjoy the outdoors, the guys going hunting, the gals going out for a nice long walk, taking the little ones to the park. I think of it as a “Golden Friday,” if anything.
If you ask me, doing the “Black Friday” thing is, in the words of the old-timers, “penny-wise but pound-foolish.”
Mike commented:
Well, unemployment is officially a bit over 10%. When the people whose benefits have run out or have given up looking are included, we’re pushing 20%. A lot of other people are looking over their shoulders. Add it all up and it makes sense that people aren’t spending as much. Sounds like responsible behavior to me. At least we aren’t seeing as many people push credit cards to the max and just ask for more “free” credit cards.
As far as the alleged “stimulus” plan goes, our Leader knew immediately it was a steaming pile of feces when he signed it, saying something on the order of “no bill this size is going to be perfect”. Yeah. As if we see bills of over 3/4 of a trillion dollars all the time. He knew it was nothing but a way of Pelosi funding all her (and her friends’) pet projects. Impact on the economy: pretty much nil. Impact on the deficit: almost as big as the health care plan they’re trying to ram down our throats. Or do I have the wrong orifice?
Blacque Jacques Shellacque commented:
That stimulus sure worked wonders, didn’t it?
Yeah, it worked so well there’s been talk that there should be another one.
When it comes to hard heads, leftists just can’t be beat.