Monday, December 8, 2008

Not so fast Mr. Grinch...

In Roman’s blog, “Mr. Grinch”, he describes this holiday shopping season as being predicted to be the worst in decades, especially on Black Friday. He says this prediction is not surprising due to all the talk of the second great depression, the Wall Street bailout, and foreclosures. He then goes on to describe how one of the main reasons the economy is in the shape it is, is because of the lack of consumer spending.

Before Black Friday I would have completely agreed with Roman’s prediction, however reports showed that this year’s Black Friday had an even better turnout than last year! I thought this was very ironic with the economy being the way it is. Perhaps it’s because of the enormous drop in gas prices. On the other hand perhaps it was because retailers were dropping their prices even lower than they typically would any other year to try and draw more of a crowd. Whatever the reason may have been I am glad to see that not everyone out there has completely turned into a Grinch this holiday season even under these hard times.

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