The Commerce Department released figures that count as a good sign for the economy. The consumer spending rose in August by 0.6 percent, the highest in the last four months. July’s figures indicate a 0.3 percent increase. The numbers are based on core retail sales and exclude large acquisition like cars and gasoline, building materials and food services. Gas prices lowered, freeing up extra income … [Read more...]
Obama Trumpets U.S. Economic Gain Under his Leadership on Labor Day
Making an election-year case, President Obama trumpeted the United States economic gain under his leadership and insisted that the only way that higher wages and progress for workers can be achieved is by ensuring a Democrat-controlled Congress. President Obama proudly declared: “American workers and the American economy are better off since I took office,” while in the middle of supporters at … [Read more...]