REALITY CHECK: This Christmas, Shelves Are Stocked And Our Economy Is Getting Back On Track
November 17, 2021
| Despite the breathless talking points from Republicans, all signs point to Americans being able to celebrate a much better Christmas this year compared to last year. Thanks to the leadership of President Biden and Democrats, our economy is getting back on track as supply chain bottlenecks ease, consumers are spending in record amounts, and companies are confident their shelves will be stocked. Retail sales are soaring past expectations, and major retailers are confident their shelves will be fully stocked this holiday season. Reuters: “U.S. retail sales surge as holiday shopping starts, brightening economic outlook” Wall Street Journal: “Walmart Raises Forecast and Says Shelves Are Stocked for Holiday Shoppers” Markets Insider: “Amazon, Bath & Body Works and other retail stocks are set for big gains as shoppers get ready for holiday buying spree, says Bank of America” MarketWatch: “Target blows past quarterly earnings expectations and says shelves are full for holiday season” MarketWatch: “T.J. Maxx parent beats earnings expectations, says holiday inventory is up versus pre-COVID” Thanks to President Biden’s leadership, ports are reporting decreased congestion as supply chain bottlenecks improve. Forbes: “Logjam At Port Of Los Angeles Beginning To Ease” Bloomberg: “The number of containers sitting on docks at the port of Los Angeles has declined 29%, CEO Gene Seroka says.” New reports continue to demonstrate that President Biden is leading our nation through a historic economic recovery and addressing the issues most important to American families. CNN: “Biden asks FTC to ‘immediately’ look into whether illegal conduct is pushing up gas prices” MarketWatch: “Confidence among U.S. homebuilders rose in November for the third consecutive month as strong housing demand offset persisting supply-chain challenges, according to a measure released Tuesday by the National Association of Home Builders.” Reuters: “U.S. manufacturing output races to 2-1/2-year high” CNN: “The unemployment rate will match 50-year low by end of 2022, Goldman Sachs says” |
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