Just in Time for the Holidays: Obama's Shopping Advice for Nervous Consumers
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: