Tuesday, August 2, 2011

More "Unexpected" News

Bloomberg runs interference for Barry...


(Bloomberg) — Consumer spending in the U.S. unexpectedly dropped in June for the first time in almost two years as a slump in hiring caused households to retrench.
Purchases decreased 0.2 percent, after a 0.1 percent gain the prior month, Commerce Department figures showed today in Washington. The median estimate of 77 economists surveyed by Bloomberg News called for a 0.1 percent increase. Incomes grew at the slowest pace since November and the savings rate climbed.
Do they know how foolish they appear? Or do they even care anymore?

2 comments:

Woodsterman (Odie) said...

"We the People" know something that Washington is TOO stupid to figure out.

Frank said...

How long before Obama and the media start to blame the state of the economy on the debt deal?

5, 4, 3, 2, 1, ...