(National Sentinel) Good Times: U.S. retailers experienced record sales of nearly $600 billion during the holiday shopping season in what many experts say are the result of a dramatically improving economy under President Donald J. Trump.
Fueled by confidence in pro-business and pro-growth policies, consumers spent some $598 billion as of Christmas Eve, reports in some media outlets reported. However, others — like CBS News — reported on the massive holiday sales without mentioning the Trump administration:
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.”
Similarly, The Associated Press reported:
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.
In addition, Fox Business reported sales were up 5 percent but also did not mention the president’s tax-cutting, regulations-cutting agenda that has ramped up consumer and business confidence all year:
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 failure of the media to even mention President Trump’s policies as a factor in the record holiday sales is yet another example of why his poll numbers are low,” The Gateway Pundit observed.
“In contrast the media gave former President Barack Obama credit for every meager sign of growth such that it was lampooned by South Park in the Margaritaville episode about the Great Recession.”
Over the Christmas holiday, Trump tweeted out that according to the administration’s internal polling, his policies and job approval were high.
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