Retail spending is up slightly because people are getting income tax refunds. Meanwhile with a few exceptions, governments are bankrupt at all levels, from the Feds to municipal.
Just another example of the MSM giving the Obaminator covering fire, just like they’ve been doing ever since about March of ‘09. Expect the stories about the “booming” economy to keep getting more stupid and banal as the weeks go by.
The MSM kept up a steady drip of toxic Bush stories from day one.
Nothing to see here...move along...