Bargain Shopping This Holiday Season During an Economic Downward Spiral

In my finance class, we learned about vendors and credit and net 30 etc. All businesses run this way. No one pays for anything in cash from the manufacturer to the vendor to the business to the customer. Its like lay-away, but not so much. I really can't tell, but I am curious to see what the Holiday season will play out like during an economic downward spiral. Will we get flat screen tv's at phenominally low prices? or Will it be too much for middle America to afford? While plants are shutting down at GM, does that mean we can get cars at a much cheaper price during the holiday season because they need to make room for the newer models which will be more valuable being that there are so few. I may not shop for a car, but I think there are going to be some truly unbelievable deals and I am saving up just incase Santa's gonna allow it to be one of the last best Chistmas' ever!