December 23, 2003

MORE LIES:

News Release: Personal Income and Outlays (BEA News, 12/23/03)

Personal income increased $44.0 billion, or 0.5 percent, and disposable personal income (DPI) increased $39.2 billion, or 0.5 percent, in November, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $31.1 billion, or 0.4 percent.

Sooner or later, George "Herbert Hoover" Bush's lies about the "worst economy since the Great Depression" will catch up to him and Howard "Honest Abe" Dean will coast to victory....

Posted by Orrin Judd at December 23, 2003 1:22 PM
Comments

And how much did consumer debt increase over income?

Posted by: M. at December 23, 2003 1:50 PM

Real consumer debt keeps falling precipitously because it can't keep up with home equity and 401k growth.

Posted by: oj at December 23, 2003 2:09 PM

Actually, debt is becoming another demarcation in society (like computer literacy is now or the way a college education used to be). People who have no savings (and no home equity) are always on the wrong side of the equation. But few politicians (and certainly no Democrat) has thought about addressing this problem.

Posted by: jim hamlen at December 23, 2003 5:40 PM

jim:

Congress just passed legislation, signed by Bush, giving low-income first time home-buyers up to $5,000 for a down payment and closing costs.

Posted by: Michael Herdegen at December 24, 2003 6:07 AM

I missed that one.

Posted by: jim hamlen at December 24, 2003 10:07 PM
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