Spending Floodgate News Today

>> typically holiday spending accounts for 40% of retailers total profits for the entire year. economists are quick to point out although the seasonal numbers look promising its not an indicated theyre consumers will finally open the spending floodgate in 2012. >> people are very nervous. we have an election year coming up. we have a major deficit problem to deal with. i think until this uncertainty of where the country is going economically, i think there is going to be a hold back by the consu...