WASHINGTON (Sinclair Broadcast Group) — This holiday shopping season is proving to be a fruitful one so far. Consumers seem to be feeling generous this year, spending $34.4 billion this past Saturday.
It was the biggest single day in sales in U.S. retail history according to the research firm, Customer Growth Partners.
Before the busy shopping weekend, the country saw job growth, with the November jobs report showing 266,000 new jobs. Secretary of Labor Eugene Scalia says the U.S. is in a good place right now economically.
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5 comments:
AA and AAA battery sales will be close to 4 billion in 2020.
Spending is better because the economy has been better all because of our current president Trump. Though the Dems will claim it's not so but take the time to compare the economy under Obama and our current president be honest and really take the time if you don't have more and the country is not more sound and employment has been up as well.
As long as the Republicans and Trump go against their core belief of opposing deficit spending the economy will maintain its sugar high. Future generations will pay for our greed
Anonymous Anonymous said...
AA and AAA battery sales will be close to 4 billion in 2020.
December 26, 2019 at 10:44 AM
Maybe you should buy some stock then?
Anonymous Anonymous said...
As long as the Republicans and Trump go against their core belief of opposing deficit spending the economy will maintain its sugar high. Future generations will pay for our greed
December 26, 2019 at 11:19 AM
Oh look, another economic genius who doesn't have a job in economics BUT knows more than those that do.
But seriously, how and how much did Repubs/Trump use 'deficient spending' to create jobs, make record upon record in the stock market, increase and improve trade, etc.?
Deficit spending happens when a government's expenditures are higher than the revenues it collects during a fiscal period and thus causes or worsens a government debt balance. Usually, government deficits are financed by the sale of public securities, especially government bonds. A number of economists, especially those in the Keynesian tradition, believe government deficits can be used as a tool of stimulative fiscal policy.
https://www.investopedia.com/terms/d/deficit-spending.asp
Regardless, Trump did not invent it but you can blame him anyway. Everything GOOD is his fault. I'll take it.
But Trump , recognizing its bad fiscal policy said he would eliminate the deficit in 4 years and the debt in 8. So how's that looking genius??
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