PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Neocon who wrote (176209)	8/30/2001 4:55:48 PM
From: ColtonGang	Read Replies (1) of 769667

Real consumer spending up 0.2% So far, consumers seem to be saving most of tax cut By Rex Nutting, CBS.MarketWatch.com Last Update: 9:23 AM ET Aug. 30, 2001 WASHINGTON (CBS.MW) -- U.S. consumers got a big boost in their incomes in July, thanks to Uncle Sam, but they didn't rush out and spend it. Personal incomes rose 0.5 percent last month, the Commerce Department said Thursday. Including the first installments of the income tax cut and a one-time correction to Social Security benefits, real disposable incomes jumped 1.8 percent. Meanwhile, spending rose just 0.2 percent in real (inflation-adjusted) terms.

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