Tuesday's Today Show ran a report on retailers beginning their holiday selling a day early on Thanksgiving Day instead of the traditional starting day, "Black Friday." Most of the report dealt with consumer reaction to the early sales infringement upon on their Thanksgiving family gatherings, but NBC slipped in its progressive bias by blaming the early sales period on the recent government shutdown.
For anyone that doesn't want to get in the car, almost every store has online deals that kick off on thanksgiving as well. But retailers are facing a tough reality. The government shutdown slowed down the economy and took a serious toll on consumer confidence. A recent poll says that just over half of shoppers will spend less than last year this Christmas season. But there is a risk, the identity of one of the country's most cherished holidays maybe in jeopardy.
The NBC News claim belies the truth. Two weeks before the shutdown, ShopperTrak, a retail analysis firm, published their annual holiday outlook predicting the early start to the holiday season and blaming the early jump on the fact that there are only 25 days between Black Friday and Christmas this year compared with 31 in 2012.
One day before the Today Show report, the president of the St. Louis Federal Reserve Bank, James Bullard, appeared on their business-oriented sister network, CNBC, declaring the shutdown would have little effect on the economy.