Blogs » A Constitutionalist & Believer in Natural Law » Americans Are Holding Their Breath

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While the federal government debates healthcare reform, holiday sales will soon start.

Income related to Thanksgiving, Christmas, Hanukah, and etc. can determine the budgets of many organizations over the next 10-12 months. The spending during this period is often a signal on the health of the economy.

County and city sales tax revenues, newspaper and network media advertising sales, merchandise stores general sales, factory inventories sales, and seasonal job incomes are only a few examples of sectors in our economy that rely on Holiday sales.

This year is going to be rather trying for many citizens, credit card interest rates in many cases have doubled, a Christmas bonus will not be politically correct this year, many electronic markets are almost saturated, many retail stores have already made major cuts in their profit margins, and many household incomes have taken a major dive.

The few economists, I follow, believe this coming holiday season will see sales flat at the best and major losses at the worst. I pray for the best.