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"Consumer spending plunged in September"



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So, the economic roller-coaster ride continues:

Consumer spending plunged in September by the largest amount in nine months, reflecting the end of the government's Cash for Clunkers auto sales program. Incomes, the fuel for future spending, were flat.

While the government reported that the overall economy grew in the July-September period, signaling the end of the worst recession in seven decades, the weakness in spending and incomes as the quarter ended underscores the fragility of the recovery
To my untrained economic eye, this seems to show how much government intervention helped keep the U.S. economy afloat.

Obama really did inherit a mess from George Bush. And, Bush's comrades in the GOP who helped created the mess have barely lifted a finger to help Obama fix it.


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