All of you who voted for Obama should be feeling pretty proud of yourself now. Not only has Obama brought this country to the edge with the fiscal cliff with his narcissists demands for higher taxes, but thanks to the Obama economy, sales are down this Christmas season 4.3%.
There is a lot riding on the final weekend before Christmas and maybe more than usual this year. Saturday was supposed to be the biggest shopping day ever. At least, that is what a lot of statistic trackers and retailers were hoping for, because the weeks leading up to the final stretch have been disappointing. Just last week, ShopperTrak announced the somewhat obvious observation that traffic and sales declined year-over-year for the week ended Dec 15. Traffic was down 4.4 percent and sales declined 4.3 percent, which led the company to cut its forecast for U.S. holiday sales to 2.5 percent from the previous 3.3 percent estimate.