Just in Time for the Holidays: Obama's Shopping Advice for Nervous Consumers
Stay up to date with the latest headlines via email.
The New York Daily News' Tom DeFrank asked Barack Obama at yesterday morning's press conference about the shopping season. "[A] lot of retailers are worrying that this year [that a drop in consumer spending during the holidays] could be a disaster that this economy can ill afford. Do you have any shopping advice for nervous consumers?"
It's a tricky question. The president-elect doesn't want to discourage people from spending money right now. He also doesn't want to look like Bush did in the aftermath of 9/11, suggesting shopping in the midst of a crisis is somehow the right thing -- the only thing -- for Americans to do.
It looked to me like Obama threaded the needle pretty well: