Spending drops for first time since Sept. ’09

[steveox]

WASHINGTON— Americans cut their spending in June for the first time in nearly two years after seeing their incomes grow by the smallest amount in nine months. The latest data offered a troubling sign for an economy that is adding few jobs and barely growing.

Consumer spending dropped 0.2 percent in June, the Commerce Department said Tuesday. It was the first decline since September 2009.

Some of the decline was the result of food and energy prices moderating after sharp increases earlier this year. When excluding spending on those items, consumer spending was flat.

Still, consumers also cut back on big-ticket items, such as cars and appliances, which help drive growth.

Incomes rose 0.1 percent, the smallest gain since September. Many people are also pocketing more of their paychecks. The personal savings rate rose to 5.4 percent of after-tax incomes, the highest level since August 2010.

http://thedailyrecord.com/2011/08/02/spending-drops-for-first-time-since-sept-’09/

Thats why the Tea Party voted Democrats out. Democrats cant stop spending your money. Democrats dont think the money belongs to the people. It belongs to Washington.

 

[Openmind]

WASHINGTON— Americans cut their spending in June for the first time in nearly two years after seeing their incomes grow by the smallest amount in nine months. The latest data offered a troubling sign for an economy that is adding few jobs and barely growing.

Consumer spending dropped 0.2 percent in June, the Commerce Department said Tuesday. It was the first decline since September 2009.

Some of the decline was the result of food and energy prices moderating after sharp increases earlier this year. When excluding spending on those items, consumer spending was flat.

Still, consumers also cut back on big-ticket items, such as cars and appliances, which help drive growth.

Incomes rose 0.1 percent, the smallest gain since September. Many people are also pocketing more of their paychecks. The personal savings rate rose to 5.4 percent of after-tax incomes, the highest level since August 2010.

http://thedailyrecord.com/2011/08/02/spending-drops-for-first-time-since-sept-’09/

Thats why the Tea Party voted Democrats out. Democrats cant stop spending your money. Democrats dont think the money belongs to the people. It belongs to Washington.

And, from the depth of your ignorance, you believe that less spending is a good thing for the economy, right?

What a joke! I do feel just a little sorry for you!

 

[steveox]

Tea Party says STOP SPENDING!! What part of English you dont understand?

 

[Openmind]

Tea Party says STOP SPENDING!! What part of English you dont understand?

Oh. . .I didn't know you were not an English speaker!

I'm sorry to have been so hard on you. . .I know it's difficult sometimes to express one's true opinion in a language that one has not completely master.

It is so much easier to take "canned comments" that are easily remembered and simple enough to stick in your mind!

Well. . ."TEA PARTY NOT MAKE LAW!"

Comprende???

 

[steveox]

Tea Party people had enough! Thats why Democrats lost their jobs last election. They gonna lose a whole lot more in 2012