Score another one for Bidenomics
Among the few holiday traditions I never look forward to is Black Friday, the Friday following Thanksgiving, that traditionally has meant trampling people in a department store for a marked down TV less than 24 hours after a dinner where they reflect on what they’re thankful to already have in their lives. It does, however, benefit the economy with the start of the holiday shopping season, typically being one of the most successful shopping days of the year.
Despite the regular negative press coverage of the economy – which is still happening despite Bidenomics defying every prediction that we were doomed to recession, sales on Black Friday totaled $9.8 billion this year. To put that in perspective, it’s a nearly 8% jump from what sales were on Black Friday last year – suggesting that consumer confidence is up as people hunt for the best deals on electronics.
What’s even more striking about these ridiculously good numbers is the consideration that Black Friday is hardly one day a year anymore – with retailers like Amazon teasing discounted deals since the beginning of November – and yet there were still record highs.
So this holiday season is a clear indication that people are actually feeling pretty good about shopping for presents, particularly when prices for gas and food have dropped considerably from where they were a year ago. Despite all the Republican noise about the price of goods, the economy is thriving and people are already realizing the benefits.
James Sullivan is the assistant editor of Brain World Magazine and an advocate of science-based policy making