Monday, March 28, 2011

President Keeps Economy Moving.

The President's Democratic focus on Jobs is working for the economy as a practical matter.

On the other hand this is what Republican job head lines look like.

"..No jobs bill, but more than 50 anti-worker bills introduced by GOP in Minnesota state legislature.." - MSNBC/Newsvine

Amplify’d from

Consumer Spending Stays on Upward Trend

U.S. consumer spending rose 0.7% in February, the largest increase since October and the eighth straight month of gains, easing some worries about the economic recovery.

After adjusting for inflation—factoring out such things as the jump in gas prices—consumption rose 0.3%, the Commerce Department said Monday.

"Consumers could have endured these higher [gasoline] prices by cutting back on discretionary purchases, but they did not," said Ken Mayland, president of ClearView Economics.

The pickup in spending came as personal income rose by 0.3% last month, though higher prices sapped the gains. The saving rate, meanwhile, slid to 5.8%.

Congress and the Obama administration in December agreed to extend income tax cuts for Americans. The tax relief has fattened paychecks, providing consumers a cushion against rising gasoline prices.


1 comment:

John said...

Nice post, thanks for sharing

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