Who said our economy is bad?

I believe people are looking at the gas prices going down and thinking everything is fine. But, I'd be cautious about spending too much money and especially running up bills this Christmas. The economy is on shaky ground! And you don't know what the government of the incoming president is going to do. And you don't know if you'll have a job from day to day. But some people may have been saving money all year in order to buy their Christmas gifts. I know I'm one that won't be charging anything!

I do believe our economy isnt that great right now. I also think that some people dont think about it when it comes to some holidays like Christmas. Another thing is you will have the ones that will just charge items and others that probably went out hoping to actually save money, which can be done with these kinds of sales. Then you have people like me that really didnt have money and just stayed home. I personally think Christmas and the other holidays are over done anymore. It is all about money.

Well, I went to Walmart to get my husband a few pairs of much needed jeans. I also got my oldest her supplys for her science project. I basically got what I need to get and got out. Most of the people there were all located in the Electronic and toy sections. Then I went to Kohls to see what I could get my niece for Christmas on the clearance racks. I found a 40 dollar pair of jeans for 14.50, and two 30 dollar blouses for less than 5 bucks. I also picked up 4 toys at really cheap prices like less than 5 bucks. I am shopping smarter and won't use a credit card again. I only have my oldest to shop for, she only wants books or things relating to the Air Force. I got my youngest done when Toys R Us had the toy she wanted on sale with bonus's, I paid that with a gift card I got from the phone company for getting a modem. I haven't decided yet if I will get other family members anything yet. My price limit will be maybe 10 bucks or less. It took me an hour to get from point B to point A of the check out at Kohls. Everything was on sale at really low prices, but I'm cheap as the sky is blue. I got to save even more on things, one reason why I love Kohls.

You have to consider do they have the money on hand or in the bank account or will have the money at the end of the month to pay for the stuff? Many of the buyers will be charging and putting it on their credit card, and they will probably be paying interest for months to come. On the other hand, there are some wise people who have put money aside and have what we called a Christmas fund, and that is the money they will use. There is also the fact, that because you all work hard down in the States and do not have as many holidays as we do here in Canada, that that is the only major day to do your shopping. So the shopping frenzy may be illusionary.

Hi Kowgirl, yep I do think the economy is as bad as it is said to be, but do believe that when there is a chance of a good salle and able to save some money anyone will jump at them, being in the UK there are lots of sales here, and lots of people are buying from them for Christmas not the big shops...littleowl

I don't think this economy is that bad and I don't think we are in a recession even though we technically are since we will have two consecutive quarters of negative GDP growth. But the news is reporting that on Black Friday, they had the same, if not more people, than last year which is a very good sign. The unemployment rate is not that high and I don't think we will get into a depression like we did in the 1920's. I did go shopping on Black Friday and bought everything I needed for half price.

It makes me happy that people are spending happily.May be things are not that bleak.

I think the answer to your question is yes, and no. I think it is bad, in terms of banks failing and other businesses failing. I mean, even Mr Pickens, a billionaire, had to put his plan for a string of wind mills to make power, to show it could be done, on hold! He is a well known, wealthy man, who said he had to put this plan on hold because even he can't get credit right now. Donald Trump also said no one, no matter how credit worthy, is getting credit. So I think the potential problem is very, very dire, but I think it hasn't reached all the way down to us yet -- except in some pockets. In some cities, the unemployment is already very high, and the giving is down all over, so there is less money to help the people who need help, even for Christmas. But many people are still doing well and some areas have not been hit as hard -- yet. I think our economy is hanging in the balance right now, and what the incoming President does will determine in part, which way it goes. Personally, I think the banks that are going under ought to go under, and give bailout money mostly to the people in need, and a little to those who are in a position to fill in the gap left by the failed automakers and banks -- so they will be able to quickly get their new businesses or enlarged businesses up and running and hire the people who were let go because of the businesses gone under. But that's just my uneducated opinion.

I have a craft business. I can tell you our sales are down to a third of what we usually do this time of year. I noticed at walmart where I went to but my digital camera people were carrying very few packages. People leaving the store were not carrying much. I did notice the parking lot was full, there were alot of people out and about by no one I saw was carying out much. Everyone I know is cutting back alot. I am only giving things I make. Crocket beanies and throws. Turquoise Necklaces I make, almost nothing store bought. These are some of the things I make and sell alot of.....usually

Americans are one of the worst countries with a bad economy at the moment Canadians on the other hand are in the medium zone.Gas prices are rapidly dropping as someone said and that is not good at all jobs will be lost.