Posted on 05/12/2011 1:57:15 PM PDT by Lakeshark
-- Consumers spent more in April, but most of their money went to pay higher food and gas prices.
The rising cost of basic necessities is threatening to slow economic growth in the coming months. But hiring gains are the best in five years, commodity prices are easing, and gas prices could follow in the weeks ahead.
Economists say the stronger job market will offset the impact of inflation and drive the economy in the second half of the year.
"If this is the full hit from the rise in gas prices, it is no big deal," said Ian Shepherdson, chief U.S. economist for High Frequency Economics.
(Excerpt) Read more at finance.yahoo.com ...
No one knows what will happen tomorrow, let alone “down the road.” I am getting whiplash from the gas prices. $4.05 this morning, $3.89 just a few minutes ago via GasBuddy. $3.79 on Tuesday morning, $3.99 by that afternoon.
IN OTHER NEWS, AP reports that the increase in the Chocolate ration from 25, to the new 20 grams, will have positive effects for Big Brother’s poll numbers!
AND YOU THOUGHT 1984 WAS JUST A BOOK?
Children are making the economic decisions in Washington and children are reporting on them.
Gather round, gather round and see the high art of turd polishing at it’s finest right here folks!
More idiots spreading misinformastion, confusion, and downright horse sh!t in the media.
End of story.
I do not recall the AP ever being so solicitous during the Bush years.
WOW. It took two writers to come up with this spin. Martin Crutsinger is a Obummer sycophant. Here is a list at Newsbusters of all the out right lies and mistruths this Journolister has thrown out over the past few months.
http://newsbusters.org/people/martin-crutsinger
No wonder no one takes these clowns seriously.
and Oceania is at war with Eastasia
Job gains?
What a lying sack of crap these people are.
There are no job “gains”
One of the commenters got pretty obnoxious about the perceived Hebraicism of the article's authors, stopping just short of posting some well-worn rant about the Juuuuuws; but for the most part the disbelief and dismay with politically-motivated scribblings about macro-economics was well-deserved.
Yes, I agree the authors had some Axelrod "talking points" memos in a browser window somewhere as they composed their squib.
And if there really were solid "job gains", as one of the Yahoo! commenters pointed out, that would just increase the inflationary pressures and accelerate price increases.
Next year City and County budgets are going to lay off more people as food and gas increases will be higher so employee's money will be less.
Crutsinger significantly misleads about the total spending the administration is proposing for fiscal 2012, and fails to call a tax increase by its proper name, i.e., a tax increase.
Nice call, yummy good.
This man is a liar; all of his underlings are liars. The majority of the media that is making excuses and wishes about how good things are getting are LIARs.
Yes! More jobs equals lower inflation!!!
When you are earning less, because of job scarcity, your dollars WON’T GO AS FAR, and thus even more consumers spending still won’t make up the difference.
The presstitutes are stuck on stupid.
When you are earning less, because of job scarcity, your dollars WON’T GO AS FAR, and thus even more consumers spending still won’t make up the difference.
The presstitutes are stuck on stupid.
There must be a contest in the MSM to see who can pen the most absurd story designed to protect the administration. This is beyond pathetic.
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