‘Tis the season for lackluster holiday sales and prosperous debt collectors. Fa la la la la, la la la la...
Everything is a little downbeat according to the economic news leading into the holiday shopping season reported on the November 18 "CBS Evening News" - that is of course unless you're in the debt business.
"It happens to be pretty good," said Brandon Bradshaw about this shopping season. "So, we're one of the lucky ones."
But, CBS Correspondent Randall Pinkston trotted him out for a reason.
"Brandon Bradshaw's business? Debt collection," concluded Pinkston. "Russ, retailers are counting on shoppers like him because this is the make-or-break season. Fourth quarter - stores depend on holiday shoppers for 25 to 40 percent of their annual profits."
That was the summary of a negative shopping report. "[I]n stores across America where tourists are rare, sales expectations are being scaled back," Pinkston. "Over the past 10 years, the nation's retailers have averaged a 4.8 percent yearly increase in holiday sales. This year they are expecting only 4-percent growth. Why? Because consumers are keeping a tighter grip on their wallets. Nearly a quarter [of a Consumer Reports poll's respondents] say they will spend less on holiday shopping this year than last year."
Ironically, Pinkston's sentiment has come out of a less than positive media going into the holiday season, even though Wal-Mart Stores, Inc., (NYSE:WMT), the world's largest retailer, said it now expects fourth-quarter earnings at the higher end of a forecast they gave in October - news which sent the Dow Jones Industrial Average (DJIA) up 320 points upon its release November 14.
But Pinkston didn't even mention that forecast when he reported the outlook for Wal-Mart. Instead, he managed to find a way to even tie it into the 2008 election.
"Wal-Mart, which reported solid third-quarter numbers, may need to drop prices for shoppers like Carrie Rambo," Pinkston said.
"I keep hearing a lot of talk about, you know, recession coming up, which is unusual for an election year," Rambo said to "Evening News." "So, that kind of scares me."
Pinkston didn't explain to viewers where or why Rambo might have heard such "talk."
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I have never heard such
November 19, 2007 - 17:48 ET by bigtimerI have never heard such doom and gloom from the msm when it comes to every single thing when it comes to the economy or what we all use everyday and only once in awhile like flying....
they must really think this is going to stop people who plan on traveling for Thanksgiving from traveling, or making dinner at home because according to them it is going to cost five more dollars this year so people will spend less on Xmas like I heard today...or the mortgages people have that rent out to others that make it sound like millions of people are about to be evicted because they can't make the mortgage...
On and on it goes...of course we all know this is done with an agenda in mind to vote dim-wit leftists in because only big government can save you...at the expense of all of us who bring in the bacon doncha' know.
Of course we can't forget that all of this and I left alot out is Bush's fault.
Pathetic all of it...but it will continue on until Nov. '08
Thompson/Hunter '08
bt, every time they do this,
November 19, 2007 - 19:16 ET by motherbeltbt, every time they do this, it turns around at the end and they have egg on their faces. But that's OK, they get their jollies by being negative and bashing the "Bush economy" until then, so they don't care. When it turns out fine, they will forget the fact they ever thought otherwise.
"So, that kind of scares
November 19, 2007 - 17:50 ET by Chris Norman"So, that kind of scares me."
Now why would that scare anyone? To listen to the media, we've been in a recession for the last six years...
Nancy Pelosi should be blamed
November 19, 2007 - 18:07 ET by ToddonCapeCodback in 1994, Newt Gingrich had not even been sworn in as Speaker of the House, but everyone was calling him a"Scrooge" or "The Gingrich Who Stole Christmas"
So the obvious question is: why is't the present Speaker, Nancy Pelosi being blamed for a so-called "Blue Christmas"?
Of course! She's a Democrat!
Meet me here
November 19, 2007 - 19:58 ET by ChaitealoverAs I said on a similar thread a couple of weeks ago: meet me here at the end of January so we can discuss the annual "business was better than we expected" stories.
Chai
In explaining any puzzling Washington phenomenon, always choose stupidity over conspiracy, incompetence over cunning. Anything else gives them too much credit. Charles Krauthammer
chai, do you think it's a
November 19, 2007 - 21:59 ET by motherbeltchai, do you think it's a ploy so that they can claim better news later?
Sorry, what was I thinking?
Sheesh
MB
November 20, 2007 - 00:48 ET by ChaitealoverI think they just blow the dust off the same scripts every Christmas shopping season and every January.
Chai
In explaining any puzzling Washington phenomenon, always choose stupidity over conspiracy, incompetence over cunning. Anything else gives them too much credit. Charles Krauthammer
Pinkston the Shill for save me Rockefeller
November 19, 2007 - 20:30 ET by Lame CherryCome on down American consumer because in door #1 we have credit cards for you from Chase Rockefeller Manhattan Bank. Door #2 we have the Rockefeller Federal Reserve making your money worthless and the money your borrow for high interest real estate enslaving you. Door #3 we have Rockefeller AMA insurance and health torture eating your wages alive. Door #4 we have all the benefits you pay for in Social Security you will never see and in Door #5 we have a mixed prize of oil, NEA and College high priced scam teaching and all those hidden taxes the Rockefellers profit from.
Amazing how the Rockefellers control everything in America from the womb to the tomb and scares you to terror with all things from sex, drugs, food and global warming........all for their profit.
Pinkston knows all of this as it is his bosses who CFR and "investment" run his little CBS employment factory.......churning out little stories to scare people to herd them where the Rockefellers want them to go.
Simple story: The cartel uses the Stock Market now to skim global profits which the US FED prints trillions they simply absorb. This scares junior investor into those banks who need to be propped up for all that real estate inflation the Rockefellers created for fake paper wealth......now American paper debt.
Now why would those Rockefellers be having little Randy Pinkston herding people for the holidays? Oh for the special debt of desperation in the grand showcase showdown where Amerikans realize they are surviving for benefits and their only salvation is a new currency controlled out of America's reach in the Amero.........the cute currency of sticking the world with debt and ushering in the real vehicle of plunder, the CanAmMex Union with no need for border busters as one can now just enslave them where they are........no need to deal with Canucks as one can now just steal all their resources for one happy union........and no need to worry about American voters as they no longer count with a perpetual Union "Presidente for Life" backed by that new wonderful SWAT Para police force sure to make non seat belt wearing you a criminal for eating grease, smoking, using gasoline and that real crime of drinking bottled water.
Save me, save me the sheep bleat.
I will stick with Jesus the Christ.
*HIC IACET ARTORIVS REX QVONDAM REXQVE FVTVRVS
Not as Blue as CBS's X-Mas will be
November 19, 2007 - 21:22 ET by PamOr should I say black...BREAKING: CBS News Latest Victim Of The Writers Strike..Poor Katie
I almost wish it were NBC.....