Posted on 05/28/2004 5:46:37 AM PDT by RWR8189
Edited on 07/19/2004 2:14:16 PM PDT by Jim Robinson. [history]
May 28 (Bloomberg) -- U.S. personal spending rose 0.3 percent, the smallest gain in six months, as spending on autos, clothing and non-durable goods slowed, a government report showed.
The increase follows a revised 0.5 percent gain in March, the Commerce Department reported in Washington. Incomes rose 0.6 percent following an unrevised 0.4 percent increase in March.
(Excerpt) Read more at quote.bloomberg.com ...
This can't be! 60% of Americans say the economy is getting WORSE!
I don't understand these perceptions. Savings is up, personal income is growing at a 6% rate---far outstripping inflation. I hope these perceptions will change when gas drops and when the DOW regains its solid upward slant.
I think for some strange reason, people are judging our economy by how well the war is going.
But that's OK. Come June we will be turning over Iraq and things will start to calm down.
Hope you're right. There is no question that psychologically the war and the economy are tied.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.