Posted on 10/22/2024 5:14:53 AM PDT by ChicagoConservative27
A former Target executive and retail expert is warning of a not-so-jolly holiday shopping season as Americans struggle in President Joe Biden (D) and Vice President Kamala Harris’s (D) economy.
Former Target Vice Chairman Gerald Storch said during an interview on Fox Business Thursday, “It’s very clear that consumers are running out of money.”
“They’re increasingly stressed by inflation and the exhaustion of their pandemic-era savings. When you take a look over the last several years, what you see month after month, everyone talks about, the consumer’s still spending. They might be, but they’re spending less than the growth of inflation,” he stated.
(Excerpt) Read more at breitbart.com ...
Trump’s fault, we need change (even though I’vee beem in power for almost four years)! <- Harris
If everyone is equally poor then there’s no need for envy and the resentment it produces.
All I can say is I’m broke just like many other people due to this economy.
No s*** Sherlock.
They won’t be able to hide what is looming as a trainwreck of a holiday shopping season.
But they WILL project, distract and outright lie.
(it’s the ‘distraction’ which truly disturbs me, especially if DJT happens to overcome)
Third Quarter corporate earnings have just started to be reported, and the results are surprisingly good so far.
General Motors reported earnings this morning that were significantly better than expected.
Since the 2008 Great Recession, I have taken the position that USA corporations are better managed than any other country in the world.
Serious question, when GMC reports higher earnings, does it account for inflated prices?? A 16’ box truck is 20k higher that the one we bought in ‘21. That would certainly increase revenue.
“It’s very clear that consumers are running out of money.”
Must be due to the “opportunity economy” Kamala keeps going on about.
Oh, the Joy.
When trump wins, we will hear continuously about how awful the economy is. It’s like clockwork everytime a republican president is in office.
In 2021, higher prices definitely had an impact on earnings.
GM stock price went from $20 to $65 in 15 months.
If you had invested in GM stock instead of buying a new truck, you could have taken the whole year off !!
Seriously, though - GM would have gone bankrupt twice - after the 2008 Great Recession and after 2020 Covid - if not for two multi-billion dollar bail outs by the federal government.
Financially - GM is still a VERY fragile company.
Gee, I dunno…
Buy a gift for anyone in my family. They don’t need it. They’ll act appreciative.
But they don’t need it.
They don’t actually want it.
We (and they) that are not otherwise disabled or retirement age, need JOBS. Ones that don’t, by the time you use in that paycheck after taxes, to drive home from said job, you’ve spent it.
The best Gift in the world and ever will be, is a personal relationship with Jesus Christ. Who provides all things.
I want Trump to win this Election. I went and Early Voted yesterday to effort that.
But it’s not just Trump that will turn things around in this country.
It’s this country’s citizens decision of trusting God’s Son with their lives, with everything.
Trump loves this country. So does God. Let’s love God back.
Ya, I am sure the stock prices soared to pay off the investors and congress-critters that approved bailouts :(
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