|02-28-2005, 09:28 PM||#1|
Mo' holla fo' yo' dolla!
Join Date: Dec 2002
Location: In a bunker in an undisclosed location
Personal Incomes See Biggest Dip in Decade
Personal incomes which had been bolstered by a large stock dividend payment in December plunged 2.3 percent in January, the sharpest decline in more than a decade. Consumer spending was flat, the government reported Monday. Meanwhile, homes sold in January fell 9.2 percent.
The worse-than-expected performance pushed new home sales down to 1.11 million units. Last week, realtors reported that sales of existing homes had fallen as well in January, dipping a slight 0.1 percent to a seasonally adjusted annual rate of 6.8 million units.
The headlines always say "Economy surging," if it ticks up by .01 percent,
but the truth is everyone is losing big-time because we're trillions in debt.
Bush's answer to everything is "more tax cuts for the rich" and the stupid poor people keep falling for his lies that "only a rich man can hire you, so let's help the rich get richer."