White House’s Black Friday spin can’t hide voters’ awareness of our struggling economy
Americans Remain Skeptical Despite Black Friday Spending Surge
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.
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 publication added.
But even the propagandists at the Times couldn’t help but wonder if the holiday spending spree is sustainable enough “to save retailers’ Christmas and keep the U.S. economy from contracting or even plunging into recession?”
Approximately $79 million of the $9.8 billion sales recorded on the infamous discount day were purchased using “buy now, pay later” options. The 47 percent increase in the use of flexible payment options suggests that Americans, who technically shelled out more on Black Friday purchases in 2023 than they did last year, still find it difficult to pay for those purchases in full.
Even with the promise of steep discounts and bargains, many consumers are too tied up buying food, gas, and other essentials, which become pricier nearly every month, to squander their income over one holiday weekend. Instead, buyers will rely on credit cards, which recently reached a record $1 trillion debt total, to support their annual overspending.
Blame Game
Biden’s economic adviser closed out his Sunday sitdown by declaring “We are moving on the right track.” But Americans overwhelmingly say the country under the Democrat regime is headed down the wrong track. Voters’ frustrations about Biden largely center on his handling of the economy.
There’s no doubt that American families’ financial predicaments are worsening. In October, 60 percent of American adults admitted that they are living paycheck to paycheck. Nearly half of U.S. voters said they blame Biden for their bare pocketbooks.
The White House is unashamedly scrambling to cover up inflation’s steady year-over-year climb and explain President Joe Biden’s plummeting poll numbers but its lies did not land well with Americans.
“Government data reports that show easing inflation are cold comfort, because they simply indicate prices are growing at a slower pace, not that they are returning to early 2020 levels,” Bloomberg warned in a recent economic analysis.
After corporate media like The Atlantic tried and failed to convince Americans that inflation was “cooling,” the president’s strategists are turning to Big Tech censors to help with the “Bidenomics” narrative cleanup.
In a Washington Post article lamenting complaints about a viral $16 McDonald’s meal as just “one of many exaggerated examples of the nation’s economic woes,” one Biden official admitted that the White House is “working with TikTok creators to tell positive stories of Biden’s economic stewardship, while also working with social media platforms to counter misinformation.”
A plurality of voters say the economy is their top issue going into the 2024 presidential election so it should come as no surprise that that the Biden administration, which has a track record of colluding with Big Tech companies to censor information ahead of elections, will do everything in its power to manipulate economic pessimism in coming months.
How does the recent Black Friday spending surge in the United States contradict Americans’ skepticism about their financial situation?
Americans Remain Skeptical Despite Black Friday Spending Surge
The recent Black Friday spending surge in the United States has not convinced Americans that their financial situation is improving. Despite claims by the White House and media outlets, polling shows that the majority of Americans remain skeptical about the state of their wallets.
According to data, consumers spent 7.5 percent more this Black Friday compared to last year. However, this increase in spending comes right after Americans celebrated Thanksgiving with expensive feasts, which has left many skeptical about the state of their finances.
Jared Bernstein, Chair of the Council of Economic Advisers, claimed that Americans’ holiday spending habits are driving the economy forward. He argued that consumers’ behavior indicates that they feel good about their financial conditions. However, many Americans don’t share this sentiment.
Corporate media headlines have also boasted about the increase in Black Friday spending as proof that Americans are more willing to spend compared to last year, when gas and food prices were high. However, even media outlets like The New York Times wonder if the holiday spending spree is sustainable enough to save retailers’ Christmas and prevent the US economy from contracting. The skepticism is fueled by the fact that a significant portion of sales were made using “buy now, pay later” options.
The financial predicaments faced by American families are worsening, with many living paycheck to paycheck. A majority of American adults admit that they are struggling financially. Nearly half of US voters blame President Biden for their financial struggles. The White House is trying to cover up the steady rise in inflation and explain Biden’s plummeting poll numbers, but these efforts have not been well-received by the public.
Government data showing easing inflation has been met with skepticism, as it only indicates that prices are growing at a slower pace, not that they are returning to pre-pandemic levels. The media’s attempts to convince Americans that inflation is under control have failed.
In conclusion, despite the increase in Black Friday spending, Americans remain skeptical about their financial well-being. Polling shows that they don’t believe their wallets are safe and that the economy is moving in the right direction. The skepticism is fueled by rising inflation, increasing living expenses, and President Biden’s handling of the economy.
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