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More Americans ‘Feel’ Economic Recovery

From those relentless economic boosters at the Associated Press:

Reports show more Americans feel economic recovery

By CHRISTOPHER S. RUGABER

Apr 14

WASHINGTON (AP) — A flurry of reports out Wednesday suggested that many Americans are feeling better about the economic rebound.

Retail spending rose sharply and more than expected. Consumer inflation remains all but invisible. Businesses are boosting their stockpiles in anticipation of higher shopper demand.

And Federal Reserve Chairman Ben Bernanke expressed confidence that the recovery will endure, though without enough strength to quickly reduce unemployment much.

The latest evidence of a gradually strengthening recovery was a third straight month of retail sales gains reported by the government. Better weather and auto incentives brought shoppers out in force in March.

Sales surged 1.6 percent, the Commerce Department said, up from February’s revised 0.5 percent gain. Economists surveyed by Thomson Reuters had expected a gain of 1.2 percent.

The increases were across the board. Car dealers, home furnishing stores, building suppliers, sporting goods stores, clothing retailers and general merchandise stores all reported gains. Auto sales surged 6.7 percent, the department said, the most since last October.

In a separate report, the Labor Department said consumer prices edged up just 0.1 percent in March. And excluding food and energy, prices were unchanged in March. Over the past 12 months, those prices have risen at the slowest pace in six years.

Still, household budgets remained under pressure as hourly earnings fell again

Well, thanks to similarly agenda driven news reports, a lot of Americans ‘felt like’ we were in a recession back in 2006-2008, when we were not.

‘Feeling’ doesn’t make it so.

This article was posted by Steve on Wednesday, April 14th, 2010. Comments are currently closed.

9 Responses to “More Americans ‘Feel’ Economic Recovery”

  1. GetBackJack says:

    Well, that explains the burning sensation.

  2. proreason says:

    “Who knew that 1.6 percent increase in anything could be a “surge”? ”

    The same hollow-cheeked “journalists” who trumpeted the Obamy landslide and mandate (based on shameless lies and a deliberate destruction of the economy) to instantly change the country to fascism.

  3. Rusty Shackleford says:

    I “feel” that the president is a socialist.

  4. Right of the People says:

    I’m feeling it and it feels like a kick to the crotch and that ain’t a good feeling at all.

  5. AcornsRNutz says:

    “Better weather and auto incentives brought shoppers out in force in March”

    So global warming is now helping the economy? Seems to me it only hurt it before.

  6. TwilightZoned says:

    Ah, yes. News from the party who votes based on feelings.

    How’s that working out for everyone? (sarc)

  7. jobeth says:

    I ‘feel’ better. I can relax now

  8. Mithrandir says:

    “A flurry of reports out…” Hmm, you mean a fluffy of fabricated reports invented to help Obama, like Chris Matthews promised he would do as a reporter.

    “Retail spending rose sharply and more than expected.” An apology to George Bush is needed because the job and fixing the economy is harder than ‘expected.’ –Easy to campaign, hard to govern isn’t it?

    Liberals FEEL like there is still a lot of racism out there, but that isn’t the case, unless you are talking about THEIR racists attitudes and behaviors.

    It FEELS like there is global warming, but that is not scientific evidence either.

    The media is NOTHING but a marketing arm of politicians and companies…..not reality.


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