Throughout the 20th century, the United States experienced what became known as the Christmas controversies over the nature of the day, and its dual status as a religious feast day and a secular holiday of the same name. The importance of the economic impact of the secular Christmas holiday was reinforced in the 1930s when President Franklin D. Roosevelt proposed moving the Thanksgiving holiday date to extend the Christmas shopping season and boost the economy during the Great Depression.[24] Religious leaders protested this move, with a New York Times roundup of Christmas sermons showing the most common theme as the dangers of an increasingly commercial Christmas.[25]
Some considered the U.S. government's recognition of Christmas as a federal holiday to be a violation of the separation of church and state. This was brought to trial several times, recently including in Lynch v. Donnelly (1984)[23] and Ganulin v. United States (1999).[26]
On December 6, 1999, the verdict for Ganulin v. United States (1999) declared that "the establishment of Christmas Day as a legal public holiday does not violate the Establishment Clause because it has a valid secular purpose." This decision was upheld by the U.S. Supreme Court on December 19, 2000. At the same time, many devout Christians objected to what they saw as the vulgarization and cooption of one of their sacred observances by secular commercial society and calls to return to "the true meaning of Christmas" are common.
Debates about Christmas in America continued into the 21st century. In 2005, some Christians, along with American political commentators such as Bill O'Reilly, protested what they perceived to be the secularization of Christmas. They felt that the holiday was threatened by a general secular trend, or by persons and organizations with an anti-Christian agenda. The perceived trend was also blamed on political correctness.[27]
Christmas is typically the largest annual economic stimulus for many nations. Sales increase dramatically in almost all retail areas and shops introduce new products as people purchase gifts, decorations, and supplies. In the U.S., the "Christmas shopping season" generally begins on Black Friday, the day after Thanksgiving, though many American stores begin selling Christmas items in October and early November.[36]
In most areas, Christmas Day is the least active day of the year for business and commerce; almost all retail, commercial and institutional businesses are closed, and almost all industries cease activity (more than any other day of the year). In England and Wales, the Christmas Day (Trading) Act 2004 prevents all large shops from trading on Christmas Day. Scotland is currently planning similar legislation. Film studios release many high-budget movies in the holiday season, including Christmas films, fantasy movies or high-tone dramas with high production values.
An economists analysis calculates that Christmas is a deadweight loss under orthodox microeconomic theory, due to the surge in gift-giving. This loss is calculated as the difference between what the gift giver spent on the item and what the gift receiver would have paid for the item. It is estimated that in 2001 Christmas resulted in a $4 billion deadweight loss in the U.S. alone.[37][38] Because of complicating factors, this analysis is sometimes used to discuss possible flaws in current microeconomic theory. Other deadweight losses include the effects of Christmas on the environment and the fact that material gifts are often perceived as white elephants, imposing cost for upkeep and storage and contributing to clutter.[39]
http://en.wikipedia.org/wiki/Christmas
Short answer for you lazy fuckheads...
Yes.
