Spending climbs for 6th straight month

May 3, 2010 | Posted by: Mr_Bill | Full story: money.cnn.com

Spending climbs 0.6% in April

Personal spending rose for the sixth month in a row during March, while income also increased, according to government data released Monday.

The Commerce Department said individual spending rose 0.6%, or $36 billion, last month after an upwardly revised 0.5% increase in February. Personal income climbed 0.3%, or $32.3 billion, in April following a 0.1% rise the month before.

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1 - 11 of 11 Comments Last updated May 3, 2010
Citizen

Elizabethtown, KY

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#1
May 3, 2010
 
No spending did not climb, debt did, only reflecting that we're not learning anything. Great propaganda however in convincing the dumb down "wage slaves" to keep spending what they do not have.
TedsLiver

Oakland, CA

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#2
May 3, 2010
 
A jobless recovery is no recovery. This is the pro-Obama press trying to pump up Obama's ever sinking approval ratings with dis-information.
inept obama

United States

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#3
May 3, 2010
 
The unemployed have sold their possessions during the last year at yard sales & pawn shops. These possessions took decades to accumulate and now they're gone. obama's recession has hit the middle class hard. Former middle class have swelled the ranks of America's poverty class to an all time record high.
Lance Winslow

Oakland, CA

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#4
May 3, 2010
 
Three out of three Topix posters feel left out of the recovery. Education is the answer; get your GED and you'll be re-employed and share with us.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

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#5
May 3, 2010
 

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TedsLiver wrote:
A jobless recovery is no recovery. This is the pro-Obama press trying to pump up Obama's ever sinking approval ratings with dis-information.
Yes, a jobless recovery is not a solid recovery; but the damage done to our country by the GOP is so great that it will take years and yyears to recover. Bush really did ruin our economy, with the help of the GOP congress.

Obama has not produced many jobs yet; but he halted the headlong plunge toward Bushs depression.
The economy has turned around, and I hope that the president will soon end the 'deferred income' and other tax breaks that Bush and the GOP instituted to reward corporations for exporting American jobs.

Since: Jan 07

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#6
May 3, 2010
 

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It took 8 yrs for Cheney and his sock puppet George to mess things up.. it will take a while for President Obama to fix what the two clowns (C&B) didn't even know was broken.

Jobs are always last to recover after a recession or depression.

Since: Sep 09

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#7
May 3, 2010
 

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Is it not our spending habitrs that got us all here to begin with? Have we not learned anything? Stop the stupid spending and save pay off your debt before spending more. STOP the stupid use of CREDIT! The big banks are making money hand over fist while the rest of us bleed money out our bums paying for the banks and insurance company's. ENOUGH is ENOUGH! Fiscal responsibility! Stop!
TedsLiver

Oakland, CA

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#8
May 3, 2010
 

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Mr_Bill wrote:
<quoted text>
Yes, a jobless recovery is not a solid recovery; but the damage done to our country by the GOP is so great that it will take years and yyears to recover. Bush really did ruin our economy, with the help of the GOP congress.
Obama has not produced many jobs yet; but he halted the headlong plunge toward Bushs depression.
The economy has turned around, and I hope that the president will soon end the 'deferred income' and other tax breaks that Bush and the GOP instituted to reward corporations for exporting American jobs.
Isn't the blame Bush thing getting old? This all that you have?
Another weak minded liberal. Get off welfare and get a job!
Seeking truth

Dearborn, MI

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#9
May 3, 2010
 
I'm pacing myself. I'll reserve my biggest purchases for September, October.
davy

Albuquerque, NM

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#11
May 3, 2010
 

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You must be a Republican to try and spin the truth like that. You have no way of knowing that and the article specifically states that personal income went up as well.
Citizen wrote:
No spending did not climb, debt did, only reflecting that we're not learning anything. Great propaganda however in convincing the dumb down "wage slaves" to keep spending what they do not have.
jon

Eatontown, NJ

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#12
May 3, 2010
 

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its a v shape. no ice cream cone.

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