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News Link • Economy - Economics USA

Wow – The Holiday Shopping Season Is Off To A Horrible Start

Overall, that means that approximately $1.7 billion less was spent at U.S. retailers compared to last year.  It had already been projected that this holiday shopping season would be the worst for retailers since 2009, but if these numbers are any indication it may be even worse than expected.  So why is this happening?  Well, basically the American consumer is tapped out.  The unemployment crisis in this country is actually getting worse, poverty is absolutely exploding and the middle class is being systematically eviscerated.  In other words, you can't get blood out of a stone.   

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