Holiday Sales Booming: Near $600 Billion

As of Christmas Eve, holidays sales are booming at $598 billion. They are fueled by confidence in pro-business, pro-job policies of President Trump. Yet the mainstream media is totally ignoring it. Reports by AP, CBS and Wall Street Journal do not even mention Trump’s name when they make their report on the record sales.

The Drudge Report is crediting Trump, though. They are leading with a headline, “GREAT AGAIN: RETAILERS FEEL CHRISTMAS CHEER.” Ironically the link leads to a Wall Street Journal article that made no mention of Trump.

CBS News did a report Monday night that had exactly zero mentions of Trump:

Total retail sales this holiday season added up to a record $598 billion dollars — up $33 billion from last year.

“This is literally the best season since before the recession,” business owner Craig Johnson said. Johnson’s company, Customer Growth Partners, analyzes all things retail. He credits low unemployment and a booming stock market for this humbug-free holiday season.

“The single biggest drive of retail sales is growth in real disposable income,” he said. “And when real income goes up, people have money in their pocket and they’re able to spend it.”

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The AP is all over the record sales, but did not mention Trump either:

Experts have issued rosy forecasts for the season. Shoppers seemed to be in the mood with unemployment at a 17-year low and consumer sentiment at its highest level since 2000.

…Shoppers have been spending at a pace not seen since the Great Recession, says Craig Johnson, president of retail consulting group Customer Growth Partners.”

The Wall Street Journal reported that sales are up nearly 5%. But did they mention Trump? No.:

Retailers are enjoying some extra Christmas cheer.

Fueled by high consumer confidence and a robust job market, U.S. retail sales in the holiday period rose at their best pace since 2011, according to Mastercard SpendingPulse, which tracks both online and in-store spending.

Sales, excluding automobiles, rose 4.9% from Nov. 1 through Christmas, compared with a 3.7% gain in the same period last year, according to the Mastercard Inc. unit, which tracks all forms of payment. E-commerce continued to drive the gains, rising 18.1%.

…Unlike in past years, when spending was driven by high-income shoppers, this holiday season a broader swath of the population opened their wallets, encouraged by rising wages and low unemployment, analysts and economists said.

“Fewer people are living paycheck to paycheck,” said Chris Christopher, executive director of economic-research firm IHS Markit. “There is a lot more spending from the lower- and middle-income groups, while the upper-income groups are splurging.”

The media refuses to give Trump credit when the economy surges. If the next president does well with the economy will Trump get credit then? Don’t count on it.

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