Low end holiday sale slump.

It's been widely reported that low end merchandise sales were outperformed this season by sales at high end retailers . What's up with that?

"Faux" News channel (as well as the chicken_hit members of the SCLM) implied that the most likely cause of this phenomenon is the high pump price of gasoline. The reasoning says low income wage earners were directly affected and were less inclined to spend. Certainly the price of gasoline is a factor but if low wage earners were not already stretched to the limit they would have spent more.

This does not explain why high end items sales were up. All retail items, high and low end are affected by gasoline prices. Apparently high end items don’t increase in price proportionately or perhaps that the consumers of high end products are not concerned (of course they aren’t, this is what’s good about being rich).

One more possibility is that the American economy is doing so well that the low end worker has made so much progress he is buying luxury items and avoiding the discount stores. Has this been reported by any media outlet? I can say that while I am clearly middle class I feel financially compelled to shop at discount stores.

The answer is: The rich are richer and the poor are poorer. Be careful what you ask for America, you may just get it. This is the direct result of corporate empowerment granted by our elected officials.