More confident shoppers return to spending

  • Article by: ADAM BELZ , Star Tribune
  • Updated: November 25, 2012 - 11:43 AM

A stronger economy is reflected in optimistic holiday forecasts. Shopping got underway this weekend with consumer confidence at a five-year high.

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  • Comments

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mgalaforetNov. 24, 1210:27 PM

If stores are open say 8-16 hours earlier, how are year over year comparisons valid? It will be interesting to see how Wall Street hypes this over the next several days.

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boozleNov. 25, 1212:29 AM

Thank you President Obama! You got the economy going again even while the Republicans did everything they could to ruin the economy. Now lets raise taxes on the wealthiest and get some revenue coming in so we can pay down our national debt and strengthen Social Security and Medicare.

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lawstarNov. 25, 12 7:48 AM

Yes indeed, let's raise taxes on the wealthiest so they have less money to invest and/or spend in the private economy.

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lawstarNov. 25, 12 7:53 AM

Yes indeed, let's raise taxes on the wealthiest so they have less money to invest and/or spend in the private economy.

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localguyNov. 25, 12 8:11 AM

Taxing the rich is a matter of fairness, since they've benefited the most from our society. However, that won't balance the budget by itself. We all have to pay our share and we have to make budget cuts. But the improving economy, reflected in this story by increased consumer spending, makes me optimistic.

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nomedsNov. 25, 12 8:27 AM

The wealthy would have less to stowaway in their offshore accounts. The wealthy never spend all what they have and borrow the money to make any investments, because they never use their own money. Just ask Trump.

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dentesterNov. 25, 12 8:36 AM

The American press has turned into Pravda.

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pitythefoolsNov. 25, 12 8:37 AM

lawstar: "Yes indeed, let's raise taxes on the wealthiest so they have less money to invest and/or spend in the private economy."

You mean the wealthiest, who already spend as much as they want, and invest in China and India?

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contrarybaryNov. 25, 12 9:04 AM

Adam, I can't help but think your mother would be embarrassed. Your conclusions have no basis in reality. I walked into a Best Buy the other day and saw lots of people. Does that mean they are without problems? By your way of thinking it does. Cherrypick data or opinion all you want, but this economy is hardy robust let alone advancing. Wait till after Jan 1st when we really come to a standstill.

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yoymrdoeNov. 25, 12 9:30 AM

We have heard this same story every year. In early January the real numbers will show weak economy. Remember that the U.S. still has over 8% unemployment/underemployment rate, an all time high receiving welfare, and 47% not paying any income tax.

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