Personal spending rose 0.2% in August from July, in line with estimates. Personal income unexpectedly fell 0.1%, the first decline since October 2009. Economists had been expecting a gain of 0.1%.
From Fox News
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2 comments:
This is just Obama spreading the wealth around.
It's also indicative of the fact that people are learning fiscal lessons from Obama. Spending what we don't have.
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