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Christmas Season Inflated but Flat

As we reached year’s end, the press is loudly announcing the success of the Christmas season. We’re told that spending was up 3.8 percent over last year. Liberals are claiming that figure proves “Bidenomics” works. Conservatives attribute the increased spending to the public realizing Trump has won the election and an improved economy is, therefore, most certainly on the way. I notice, however, that nobody is factoring inflation into this year’s sales figures. That would seem to be an unforgivable omission.Inflation through the end of November stood at 2.7 percent. During the remaining month, every government agency was busy trying ...

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