The nation's shoppers set aside worries about higher gas prices and a slumping housing market and proved their resilience over the Thanksgiving weekend, giving what the nation's merchants wished for - a strong start to the holiday shopping season.
Dang it people, you weren't supposed to be out shopping. You were suppose to be home, huddled around the TV being all miserable.
ShopperTrak reported late Sunday that sales on Friday and Saturday combined rose 7.2 percent to $16.4 billion from the same two-day period a year ago. Total sales on Friday, the day after Thanksgiving, rose to $10.3 billion, up 8.3 percent from the same day a year ago. Martin had expected increases no greater than 5 percent.
Meanwhile, Internet research firm comScore Inc. reported a 22 percent gain in online sales on the day after Thanksgiving compared with the same day a year ago and estimated online sales would exceed $700 million online Monday, the official kickoff to the online shopping season.
All this spending is making the Democrats look bad. They've been telling us how miserable we are and that we need to make a change. They're saying that President Bush's economics have really suck these past 8 years and they'll correct it. Apparently, shoppers disagreed by going out and spending as if they wouldn't mind another 8 years of Bush economics.