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The PJ Tatler

by
Bryan Preston

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December 2, 2013 - 6:24 am

Yahoo reports that Black Friday crowds were up strongly this year. But retailers still may not have sold as much stuff this year as last year.

A record 141 million people were expected to shop in stores and online over the four-day period that ended on Sunday, up from last year’s 137 million, according to the results of a survey of nearly 4,500 shoppers conducted for The National Retail Federation.

But total spending was expected to fall for the first time ever since the trade group began tracking it in 2006, according to the survey that was released on Sunday afternoon. Over the four days, spending fell an estimated 2.9 percent to $57.4 billion.

Shoppers, on average, were expected to spend $407.02 during the four days, down 3.9 percent from last year. That would be the first decline since the 2009 holiday shopping season when the economy was just coming out of the recession.

The survey underscores the challenges stores have faced since the recession began in late 2007. Retailers had to offer deeper discounts to get people to shop during the downturn, but Americans still expect those “70 percent off” signs now during the recovery.

Personally, I check some Black Friday ads but don’t get into the shopping. There’s just something about massive crowds and the probability of insane behavior that keep me either shopping online or not at all. But about half the country hit the stores over the weekend, yet spent less than last year.

For two months now, Americans have been regaled with the triplet messes of Obamacare. The website didn’t work when the law rolled out. Those who could use the website got sticker shock from more expensive plans due to Obamacare’s mandates. And about 5 million Americans have already had their insurance cancelled. They’re just the first wave of rate hikes and/or cancellations coming — the employer mandate hasn’t even kicked in yet. The media haven’t quantified all this yet, but this amount of turmoil and uncertainty over something as fundamental as healthcare is bound to have an impact on holiday shopping. If you’re worried about your job, worried about seeing your hours cut, and worried about what you’ll be paying for healthcare — or you’ve already received President Obama’s expensive “gift” — you have less motivation to spend and less cash to spend too.

Bryan Preston has been a leading conservative blogger and opinionator since founding his first blog in 2001. Bryan is a military veteran, worked for NASA, was a founding blogger and producer at Hot Air, was producer of the Laura Ingraham Show and, most recently before joining PJM, was Communications Director of the Republican Party of Texas.

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All Comments   (3)
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Obama and his policies have so thoroughly mucked up the economy that people would be fools to spend without thought of how they are going to pay for their family's necessities this next year. Of course, the skyrocketing costs of Obamacare are part of that concern. Welcome to the wonderful world of Socialism!
20 weeks ago
20 weeks ago Link To Comment
"Yahoo reports that Black Friday crowds were up strongly this year. But retailers still may not have sold as much stuff this year as last year."

There's a simple explanation. Shoppers are racist . . . trying to make Obama look bad, b/c you know, he's black & everything.
20 weeks ago
20 weeks ago Link To Comment
I am 47-years-old with a spouse and two teenagers and you can bet your butt I'm worried about my insurance premiums (co-pays/deductibles/meds/etc...) skyrocketing next year. You see, I am one of those Alabamians who received "the letter" from Blue Cross/Blue Shield last month. A friend of mine in similar circumstances saw his premium rise from $480/mo to $1,500/mo. Yeah.....that will cause an 'adjustment'....sissy, fairy, twinkle-toed 'republican' pooosies - FULL REPEAL ASAP!

Remember BENGHAZI!
20 weeks ago
20 weeks ago Link To Comment
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