- FrontPage Magazine - http://www.frontpagemag.com -
Recession II: Holiday Sales Worst Since 2008
Posted By Daniel Greenfield On December 27, 2012 @ 9:46 am In The Point | 3 Comments
It’s almost like the election of a certain fellow from Chicago has a negative impact on people’s good cheer and confidence in the future.
A Christmas day retail report shows that U.S. holiday sales in the past two months slowed to a trickle, growing only 0.7 percent compared to last year – the slowest growth since holiday sales declined on the heels of the financial crisis in 2008.
The official story is that it’s all down to bad weather and the fiscal cliff.
Shoppers were buffeted this year by a string of events that made them less likely to spend: Superstorm Sandy and other bad weather, the distraction of the presidential election and grief about the massacre of schoolchildren in Newtown, Conn.
Right, right. There was a school shooting so people aren’t shopping. And let’s not forget Global Warming and Racism. Also the lack of light rail. And what about gay marriage?
Many analysts had expected holiday sales to grow 3 to 4 percent.
Here’s a funny thing, liberals spent weeks crowing about how the right got the election prediction numbers wrong, but the left gets the economic numbers wrong over and over again, while the right gets them right.
Unfortunately in our current system, figuring out how rig elections is all it takes to get to power, even if you’re completely inept at actually running the country once you get there.
The results were weakest in areas affected by Sandy and a more recent winter storm in the Midwest. Sales declined by 3.9 percent in the mid-Atlantic and 1.4 percent in the Northeast compared with last year. They rose 0.9 percent in the north central part of the country.
The West and South posted gains of between 2 percent and 3 percent, still weaker than the 3 percent to 4 percent increases expected by many retail analysts.
Here’s an alternative possibility. The South and the West are doing better in general while the North is declining.
There’s a net migration from the north to the South and the West and Southern and Western economies are doing better than Northern economies, and that was the case before Sandy.
The depressed northern phenomenon was around in previous years and the media invariably blamed it on the snowy weather back then too.
Must be that Global Warming again. And racist storms of snow white privilege.
Article printed from FrontPage Magazine: http://www.frontpagemag.com
URL to article: http://www.frontpagemag.com/2012/dgreenfield/recession-ii-holiday-sales-worst-since-2008/
Copyright © 2009 FrontPage Magazine. All rights reserved.