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Stephen Colbert Plans for a Recession Christmas

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Put off by recent cutbacks to the Christmas spirit, Stephen Colbert last night announced his “blitzkrieg on grinchitude.” In it, he took on holiday grinches like Macy’s (M), J.C. Penney (JCP), Neiman Marcus and Lord & Taylor, who have all gotten rid of free gift-wrapping.

Another holiday crank on Colbert’s list is, surprisingly, Santa. Apparently, many mall Santas have been encouraged to tell kids to lower their expectations this year, something that Stephen cannot stand for. He reminds viewers that Santa’s job is to upsell kids, and the only responsible thing to do in the face of a too-expensive request is to tell the child he “hasn’t been good enough.”

The clip is below.

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