When data showing consumers spent 7.5 percent more this Black Friday than they did last year debuted days after Americans partook in pricey Thanksgiving feasts, the White House and its allies pounced on the buying frenzy as an opportunity to boost its “Bidenomics” talking points. Polling, however, shows no amount of trickery by the Biden administration, Big Tech, or bozos in the media will convince Americans that their wallets are safe.
Council of Economic Advisers Chair Jared Bernstein claimed in a Sunday TV interview that Americans’ holiday spending habits are “driving the economy forward.”
“We are moving in the right direction. We’ve got more work to do for it to reach average Americans, who by the way, are telling us through their consumer behavior that they’re feeling pretty good about their own financial conditions,” Bernstein insisted.
Economic advisor Jared Bernstein claims that “We are moving in the right direction” and average Americans “are telling us through their consumer behavior that they’re feeling pretty good about their own financial conditions.” pic.twitter.com/El6gfiFN7R
— The Post Millennial (@TPostMillennial) November 27, 2023
Corporate media headlines also boasted of the increase in Black Friday spending as proof that Americans are “more willing to spend than in 2022, when gas and food prices were painfully high.”
“The consumer is back,” The New York Times triumphantly declared in its DealBook newsletter.
“Black Friday and today’s Cyber Monday shopping bonanzas hold outsize political significance this year with the retailing events emerging as key recession and inflation indicators,” the
