In an article of the California section of the Los Angeles times entitled Into the land of $2,500 sneakers, Steve Lopez writes:
I asked the clerk whether he worreid that the sluggish economy and tumbling stocks would keep people from spending this year. He didn’t.
He was speaking the day before Thanksgiving, when I polled Beverly Hills merchants and customers on the shopping season’s outlook. The entire American economy is based on the rich buying things they don’t need and the rest of us buying things we can’t afford. So let’s hope everyone steps up, regardless of what Standard & Poors has to say about it.