Black Friday Boobus

Monday, November 28, 2011
Posted in category Boobus, Economics

The American media has become so immune to the inanity that only the foreign press dares to consistently cover (and make fun of) American Black Friday “traditions.” Ya gotta love this Mail Online headline: “Black Friday madness: Grandfather body-slammed by cops, man tasered, two shot, Wal-Mart in bomb scare and woman pepper-sprays rival shoppers on day of chaos.” Someone had fun with that paragraph headline.

In jest, the same newspaper also has fun with this story: “Half of Americans hit the shops as US stocks record worst week since the Great Depression.”

US stocks closed down today, ending the worst Thanksgiving week since the Great Depression.

The Dow and S&P posted their worst equivalent week, in percentage terms since 1932.

Debt-subsidized Americans are imitating Greece as the Mall of America had a record day, and Bloomberg reported that “Black Friday sales increased 6.6 percent to the largest amount ever as U.S. consumers shrugged off 9 percent unemployment and went shopping.” Meanwhile, I get a kick out of all of the deep thinking that produced Black Friday Boom stories that began with “consumer confidence rose …. as shoppers spent billions…” In the meantime, I understand that the US Government has not yet released the recession/depression/unemployment memo. Oh, that coal in the stocking.

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2 Responses to Black Friday Boobus

  1. Lloyd says:

    November 28th, 2011 at 10:56 pm

    Did you read “The Black Friday Brawls” at Takimag:

    “Like the mob-instinct insect army that they are, the leftist press—make that the corporate leftist press—blamed it all on “the corporations, rather than the corporations’ consumers….somehow they were bullied and brainwashed and hornswoggled and socially engineered into acting this way. They weren’t simply acquisitive pigs with perhaps significantly lower cognitive capacity and laughably paltry organizational skills…No one’s forcing these slovenly idiot hairballs to club one another over the heads for flat-screen TVs….If any of these baseball-cap-wearing ass-sores clawing over one another at midnight to score a discounted toaster oven using their nearly tapped-out credit card had the slightest chance to be a despised villainous oligarch, they’d cannibalize every peasant within a hundred miles and then go out for lobster puffs with champagne….They’re all homo sapiens, meaning that despite the tax bracket, 99% of them will suck.”

  2. M. Terry says:

    November 30th, 2011 at 2:01 pm

    America’s new idiom (or is it idiocy?) is: “When the going gets tough the tough go shopping.” The real 99 Percenters are “protesting” with their check books. And the corporations they abhor are laughing to the banks the 99% hate.
    It’s interesting that the market losses were published after the grotesque Black Friday binge – although it likely wouldn’t have mattered to the hoards who camped out all night waiting for a deal on that must-have Chinese gadget.

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