If the things purchased were made in the US, and/or if they were durable and lasting ...
If they enabled the recipient to grow in skill or ability in some way that endures ...
If they empowered the recipient with stronger character, values, or traditions that strengthened the fabric of the community ...
Then I would rejoice that spending was up this year. Those are the traditional gifts of a strong america.
By and large, the items purchased were bought with money the buyer doesn't have, nor do they have the potential of earning in the next year. Projections are hovering in on another spike in unemployment, over and above the real numbers; another dip in the housing market, and burst in the education debt, and yet another in retirement. And some of the artificial props in health care are about to come off the rails ... lots of what we believe we have today is being held together for November 2012. Most of the items bought this Christmas will not longer be useful next year ... that's not prosperity or generosity, that's denial.
If you have a little extra to give to someone, help them gain a skill, pay off debt, stock the pantry, or fix their shelter/transportation.