Consumer spending, income stall; Sandy a factor

Comments (8)
RangerDan wrote:

Once republicans realize that Global Warming can affect the heighth of their treasure piles, it’ll be funny to see them jump on the human caused part of warming.

Nov 30, 2012 9:56am EST  --  Report as abuse
totherepublic wrote:

NEWS FLASH-
New York is NOT the center of the universe. Less than 1/4 of the country was effected by Sandy. We have been lied to the past 2 years about the economy and other things to set up an election. Now that the election is over it is ALL going to unravel and there is no stopping it. Global warming is NOT the cause of this either. It is all obama.

Nov 30, 2012 11:34am EST  --  Report as abuse
TommyPaine wrote:

A look at this week’s economic data shows that it wasn’t just Sandy at work. New home sales were down, the Chicago PMI was flat, and same store sales were below expectations even outside the Northeast. The two bright spots (higher GDP than previously reported and a record increase in pending home sales) were outliers. In the case of the GDP most of that was due to one-time increased government spending. Any deal or non-deal on the Fiscal Cliff is going to wipe that out (AND MORE!!) next month. And one needs to take the pending home sales figure with a grain of salt given the flat (more reliable) figure for new home sales.

The bottom line is that the economy seems to be stalling, even before the full impact of the Fiscal Cliff is felt.

Nov 30, 2012 11:49am EST  --  Report as abuse
ccharles wrote:

They constantly saying we are coming out of a recession, but we never get to see the other side of it. And the beauty of it is that no one is responsible for it… oh yeah the rich people, or bush.

Nov 30, 2012 12:33pm EST  --  Report as abuse
WallaBingBang wrote:

What happened to all the high-fives going around about black friday spending being the biggest ever?

Nov 30, 2012 1:20pm EST  --  Report as abuse
sjfella wrote:

This administration points their grimy fingers at everything except themselves. But hey, the majority voted for them so they’ll get exactly what they deserve. And once again God help the rest of us.

Nov 30, 2012 1:30pm EST  --  Report as abuse
the_Gaul wrote:

You go right on wishing for “God” to help you. Since there is no god, that’s also how much help you’re going to receive. Try taking care of yourself for a change.

Nov 30, 2012 4:00pm EST  --  Report as abuse
Telstar wrote:

Under Romney the economy would have already tanked.

Nov 30, 2012 11:25pm EST  --  Report as abuse
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