Do you think not knowing what ObamaCare is going to cost (or do knowing what ObamaCare is going to cost) is going to drive Christmas spending down. Do you think Retail stores are going to think about this when they do their seasonal hiring?
I suspect yes, just to what degree. Those knowingly effected by Obamacare (individual plans)will scale back. Of course that is a relatively small portion of the population. Over the next 4 weeks Employer based health plans will get released with the new rates, they certainly aren't going to be cheaper. So depending on that will determine how ugly Christmas spending will be.