Quick summary of the article: The mainstream media and business executives who supported the Royal Idiot are finding it more and more difficult to explain away the miserable economic failure that inevitably results from socialism.
Quick summary of the article: The mainstream media and business executives who supported the Royal Idiot are finding it more and more difficult to explain away the miserable economic failure that inevitably results from socialism.
Black Tuesday’s fault.
How funny. Everyone was saying that Black Friday had the highest sales in history and now this author is saying otherwise. I guess we just need to wait and see what the rest of the season sales are. I know Monday will probably be a huge day for on-line retailers. I guess you can find the opposite said about everything.
While our family may not be representative of other middle class ones, we normally spent close to $15,000 during the entire holiday season in past years which included a week long ski trip, gifts for families, friends, business clients and two house parties. This year is stay at home and total spent will be closer to $500 including food for a Christmas dinner with family and close friends. All the shopping is done, most of it on-line unless I had a great coupon for a small local store, and gifts wrapped. Any energy remaining will be used to bake cookies and try to figure out how my clients and my business can remain profitable in the coming year.
Is what anyone says or reports about Black Friday on Black Friday or during Thanksgiving weekend ever borne out by the actual facts later?
I blame it on Black Tuesday. Nov. 6.
When Black Friday sales start Thursday night... yeah, I guess Friday won’t be as busy.
Who’d a thunk it?
COSTELLO: I want to talk about the unemployment rate in America.
ABBOTT: Good Subject. Terrible Times. It’s 7.8%.
COSTELLO: That many people are out of work?
ABBOTT: No, that’s 14.7%.
COSTELLO: You just said 7.8%.
ABBOTT: 7.8% Unemployed.
COSTELLO: Right 7.8% out of work.
ABBOTT: No, that’s 14.7%.
COSTELLO: Okay, so it’s 14.7% unemployed.
ABBOTT: No, that’s 7.8%.
COSTELLO: WAIT A MINUTE. Is it 7.8% or14.7%?
ABBOTT: 7.8% are unemployed. 14.7% are out of work.
COSTELLO: IF you are out of work you are unemployed.
ABBOTT: No, Obama said you can’t count the “Out of Work” as the unemployed.
You have to look for work to be unemployed.
COSTELLO: BUT THEY ARE OUT OF WORK!!!
ABBOTT: No, you miss his point.
COSTELLO: What point?
ABBOTT: Someone who doesn’t look for work can’t be counted with those who
look for work. It wouldn’t be fair.
COSTELLO: To whom?
ABBOTT: The unemployed.
COSTELLO: But they are ALL out of work.
ABBOTT: No, the unemployed are actively looking for work. Those who are out
of work gave up looking and if you give up, you are no longer in the ranks
of the unemployed.
COSTELLO: So if you’re off the unemployment roles that would count as less
unemployment?
ABBOTT: Unemployment would go down. Absolutely!
Readig this article one would think the economy is doing great! Some excerpts below....virtually nothing is negative! Unbelievable!
Black Friday shoppers may have done more browsing than buying
http://www.baltimoresun.com/business/bs-md-holiday-shopping-1126-20121125,0,5358898.story
In-store sales on Thursday increased 71 percent, according to Chase Paymentech, a top credit-card processor.
Over the last three years, Americans have paid down their debts to the tune of $636 billion. Gasoline, electric and natural gas prices are decreasing.
Consumer confidence is on the rise and those surveyed this month by the Credit Union National Association and the Consumer Federation of America said they are more willing to open their wallets. Twelve percent of those polled said they expected to spend more, the highest level since 2007; 38 percent said they would spend less.
Yes, Erkelbama, you did do that
"and now...the Pullitzer for best line ever to appear in an on-line report on the economy..."
When consumers catch on that prices have been raised, not lowered, on “Black Friday” merchandise, expect this gimmick to lose its charm.
Other than three or four big screen TVs or iPads or computers used as bait, stores have few legitimate bargains. After hiring extra sales people and security guards for the mobs of “Looky-lous”, retailers will probably have lost money.
i thought Wally said it was their best one ever...
Or at least at Walmart. "Comrades! I have glorious noise for you!"Over the past few years, I’ve noticed the Black Friday sales reports that come out in the media are always described as blockbuster increases and upticks, but come January, when referenced, the same media refers back to them as below-par and overall disappointments.
It's The O-conomy, stupid!
O-conomy: An economic system built by Barack Obama to
crash free enterprise economics and crush market forces in favor of
a "from the top down" restructuring of a country into a welfare state.
If Black Friday itself was down because more people were out on Thursday why not just total Thursday and Friday sales and compare to that for previous years? If they’re inventive they could also do some adjustment for historical Thursday business. Maybe basic math is just too hard for some people.
On Friday I had to go to Tractor Supply and then on to WalMart. Tractor Supply had a much fuller parking lot than Walmart did. All of the registers were going at full speed.
At Walmart, there were two of the Grocery style lanes open and three of the 20 items or less registers going. And even then I only had one person ahead of me. Now I must say that our Local Walmart is in a small town and not a city, but it is still next to the major highway and was not busy at all.
In my quick walk-through Walmart I can also report that the Sporting Goods was the busiest department of all. The slowest? Toys, followed by Health and beauty.
Blame? I would think lowering the slope of the sales curve by a slight extension would be helpful.
They haven’t learned from the master, it’s Bush’s fault.
Wal-Mart started this nonsense followed by Target and then others. They are going to kill off the “specialness” of Black friday if they don’t stop.
Employees no longer have a holiday and people are starting to think “why go out at all?” In their mind, the sales don’t end and no reason to rush out and buy.
Also re-electing the Kenyan killed it for many, including myself. We cut our total holiday spending to $500 for the whole season. With an expected $3800 in new taxes on us next year with the tax increases, I am not in a spending frame of mind.
