Fools and their money

The post-Thanksgiving shopping frenzy is apparently still on this year despite the recession. Fine; God bless them, and may their consumer dollars enrich state tax coffers. But the idiocy of these people is astonishing. From the article linked to comes this vignette:

Robin Fryman, 47, of Mount Orab, Ohio, said she and her daughter, a friend and her husband got out at 6:30 a.m. for deals at Best Buy. Her hours as a food worker were recently cut from 40 to 25 per week.

“I’ve definitely cut down. You have to cut down, because you have to eat,” Fryman said. “It’s definitely made a difference in the way I’m shopping.”

Uh huh. I can’t think of anything Best Buy sells that could be called essential – nothing at all. So I’d think that if my income had just been slashed almost in half, I might hunker down this Christmas. More than think, my family had some rough economic spots in the mid-90s and that’s exactly what we did. Somehow, our children survived. But these mobs of screaming shoppers are going full throttle. at least for today – I suppose they believe, like that famous voter of a year ago, that Obama is going to pay their rent bill.

There’s increasing talk of the inevitability of a VAT tax coming to our fair land to raise some of the revenue Washington has committed to spending on our behalf. The tax is considered regressive because it falls on poor dumb morons more than people who save their money but if these people are just going to waste their money on a bigger flat screen TV, why not send it to Pelosi to distribute to her friends? If Nancy’s happy, perhaps she won’t punish the rest of us so much.

 

3 Comments

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3 responses to “Fools and their money

  1. Anon E. Moose

    Last night’s 11:00 news had live reports of shoppers at the Harriman outlets (perhaps including some from Fairfield County?) pouring off busses, and showing off their $120 coach bags, etc. The funny thing is that no intrepid reporter thought to ask any shopper whom the gifts were intended for — I think they were all intended for their respective purchaser’s favorite person *wink*.

  2. Anonymous

    Seems like most of the bottom 99% (by income) of society is obese and has all kinds of kids/pets/vacations/consumer discretionary goods/debts they can’t afford
    On the bright side, doesn’t bottom ?40% of US not even pay a dollar in income taxes? More welfare and unionized government jobs please….

  3. Scotia

    So here we are again, head in sand, as if the last 18 months didn’t happen. As if trillions weren’t lost. I despair. I’m still working in a good job (for now). But its going to be Trader Joe’s all the way and a very low key Christmas for us – at least in terms of presents. To paraphrase Warren Buffett, this recession is going to be long and deep.