Skip to main content

I'd just like to point out, kind of angrily, that all this fiscal cliff wrangling pissed away yet another holiday retail season, which tends to make up a commanding percentage of annual retail sales for stores across America.

My wife owns a store. She started it on a shoestring budget when she lost her job in 2008 when she was 6 months she not only has a job which she created, but she employs people. A job creator you might say. Tough as nails, that lady. The sort of story Republicans claim to support and champion. But not really. Their intransigence with the crap going on in DC does in fact directly impact what goes on in a mom and pop store. This holiday season my wife heard would-be customers day after day saying they're going to wait and see what happens with this fiscal cliff thing before making any purchases...


Christmas came and went while consumer confidence took a beating.

Retailers, scheduled to report their critical December same-store sales on Thursday, will likely show disappointing results hurt by factors including declining consumer confidence tied to Washington’s fiscal-cliff uncertainty, analysts said Monday. See related on consumers’ latest expectations as compiled by the Conference Board.

Consensus estimates for December, according to Retail Metrics data, fell another 0.2 percentage point on Monday for both same-store sales and the tallies excluding drug stores — to increases of 1.9% and 3.7%, respectively. Retail Metrics noted that the average analyst estimate has declined by 0.6 percentage point from the start of the month.

“This is significant downward move to sales estimates for the most important month of the year,” said Retail Metrics president Ken Perkins, noting that December alone represents about one-fifth of total annual sales.

Know what this means? It means mom and pop stores will be shutting their doors and retail workers will be losing their jobs all over America...

...all to keep money in the pockets of the 1%. To hell with the rest of us.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site