Posted on 11/29/2021 1:13:31 PM PST by ChicagoConservative27
President Biden on Monday met with 10 CEOs from major retailers and grocers to discuss the holiday shopping season, touting the success of last week's Black Friday sales.
“Consumer spending has recovered to where it was headed before the pandemic. Early estimates are that Black Friday sales were up nearly a third since last year and in-store sales were up by even more than that,” Biden said.
Eight CEOs sat at the table with Biden, including Best Buy's Corie Barry, Samsung's KS Choi and Kroger's Rodney McMullen, with others joining virtually. Brian Deese, director of the National Economic Council, and Cedric Richmond, Biden's senior adviser, also participated in the meeting.
(Excerpt) Read more at thehill.com ...
That’s because everything costs so much!
Probably has. Now. Adjust for inflation for real picture.
If he’s talking about the amount of money spent he would be correct due to the inflation he caused. If he’s talking about the amount of goods purchased he is wrong.
I wonder what world he spends his days in?
Amazing his writers can still scour the stats to find a handful of quotes for Biden to use to pretend the economy is benefiting from his socialism.
One with lots of food and gas, unlike some of us.
Thank God I horded dog food when PetValu went out of business.
At least I don’t have to try to make them understand why their empty bellies ache.
*FJB
The incentive to buy right now is because everybody knows it’ll cost a hell of a lot more tomorrow. . .and with the way the Fed is printing money. . . the Dems are turning cash into trash.
How many folks emptied their bank accounts to pay bills. Then there are the moochers....those who got money but never paid their rent. Landlords really got scr****.
28% decline in Black Friday sales in 2021 vs 2019. 2020 skipped due to Pandemic.
“Probably has. Now. Adjust for inflation for real picture.”
And the trillions given away to basically bums and free renters who will spend Uncle Joe’s money rather than save.
Quite possible, domestic airline flights are busy too. Corporate earnings are mixed but many companies are doing quite well. Unemployment is low.
Lots of opportunity out there and many are taking advantage.
Yep, all in gasoline.
BS, Lunchbucket Joey Bidet.
Thanks for pointing that out
They use 2020 as a reference point for a lot of things
We spent the same amount of money and got 1/2 the stuff. Inflation is real.
Yes, we’re spending as much as before only we getting half as much stuff.
Labor participation rate a year ago, middle of pandemic, was 61.4%. Oct 2021 it is 61.6%. It was 63.3% in Jan of 2020.
The same place all democrats spend their days: Anti-American leftist marxist fantasy land. It's a spooky place, from what we can tell, full of racism, sexism, homophobia, xenophobia and more.
I wonder if they are including merchandise that was not paid for by looters and other shoplifters.
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