Shoppers lift economy but will they keep spending?
The economy might not be on the brink of another recession after all.
Consumers, who drive most economic growth, spent more on cars, furniture, electronics and other goods in July — and more in May and June than previously thought. That burst of activity is encouraging because it shows many Americans were willing to spend despite high unemployment, scant pay raises, steep gas prices and diminished wealth.
TONY DIGIROLAMO- WILL PRESIDENT OBAMA FOLLOW THE GEORGE W BUSH LEAD AFTER 9/11 "GO SHOPPING"! NAHH
IT'S THE MARKET THAT'S WORKING NOT ANYTHING HE'S DONE. THAT'S THE AMERICAN PEOPLE!
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