Danny Schechter: How Low Can We Go if We Shop Till We Drop?

Schechter..

It will be difficult for the economic recovery to make much headway without a pick-up in consumer spending as it accounts for two-thirds of the economy. Here’s the scenario as this Thanksgiving rolls around. Once again the economy is in deep doo-doo with unemployment high, millions on food stamps, and millions more facing foreclosures. The big banks seem to have “recovered;” most Americans haven’t. Nevertheless, Christmas is for the shopping, a time to feign merriment through gift gifting, to spend what you don’t have. And the process will be “stimulated” and we will be guilted and mesemerized in our own homes by a non-stop electronic sell-a-thon as TV advertising goes into hyperspeed

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This entry was posted on Friday, November 19th, 2010 at 8:35 AM and filed under Articles, Economics, Media. Follow comments here with the RSS 2.0 feed. Skip to the end and leave a response. Trackbacks are closed.

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