ObamaNation : Consumer spending up, sign of decent recovery (unemployment rate, health care, 9/11)

[theolsarge]

Both the spending and income figures in Monday's report point to a modest economic recovery.

Consumer spending up, sign of decent recovery - Yahoo! News (http://news.yahoo.com/s/ap/20100329/ap_on_bi_go_ec_fi/us_economy - broken link)

Must really hurt some people seeing a recovery.

[summers73]

No income rise either. ObamaBush must be telling Americans to spend without regret again just like after 9/11. Charge it baby!

[OhioIstheBest]

Originally Posted by theolsarge

Consumer spending up, sign of decent recovery - Yahoo! News (http://news.yahoo.com/s/ap/20100329/ap_on_bi_go_ec_fi/us_economy - broken link)

Must really hurt some people seeing a recovery.

There is no recovery until the unemployment rate drops. Period.

And why does consumer spending mean economic recovery. I'm a consumer. When I spend money I get poorer. Not wealthier.

Spending money does not create wealth.

[UNC4Me]

That artilce was the written equivalent of someone asking "What do you want first, the good news or the bad news?". Some indicators are up, some are down.

Can anyone really say (not just speculate) where things will go from here? Not hardly.

[carterstamp]

Spending money does not create wealth.

Yeah, I could see all those businesses turning away customers because spending money does not create wealth.

[summers73]

Originally Posted by carterstamp

Spending money does not create wealth.

Yeah, I could see all those businesses turning away customers because spending money does not create wealth.

What does turning away customers have to do with the fact that spending does not create wealth?

[bentlebee]

Originally Posted by theolsarge

Consumer spending up, sign of decent recovery - Yahoo! News (http://news.yahoo.com/s/ap/20100329/ap_on_bi_go_ec_fi/us_economy - broken link)

Must really hurt some people seeing a recovery.

No we love to see others and our self doing better

But the latest unemployment numbers for Florida were up so not much good news

26,500 new government people will be hired due to the new health care bill (more IRS watching through our windows...)....nice, but thousands will be layed off due to the same bill

I have nothing to hide for the IRS so i don't have to worry and btw I pay for my own health care....but maybe we can get rid of it now and sign up in case we get a health issue..so Obama might save us some money

[Frank DeForrest]

I spent some extra because of a tax return check, as I'm sure others did.
You can bet that this is most of the reason (if not all) for the modest increase in consumer spending.
Anyway, next month they'll revise the numbers based on some heretofore unknown anomaly.

No need to break out the champagne over this puff piece.

[subsound]

Don't tell the nuts, without something to complain about there is no way the same party that caused the mess can get voted back in.

[OhioIstheBest]

Originally Posted by carterstamp

Spending money does not create wealth.

Yeah, I could see all those businesses turning away customers because spending money does not create wealth.

Tell me then sparky,

When you spend money do you get richer or poorer?

And health insurance companies set prices so high that they turned away 30 million customers so they could get rich?

Just ask economic guru Obama. LOLs.