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Politics : Politics for Pros- moderated

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To: FJB who wrote (361853)	4/30/2010 1:07:33 PM
From: KLP	Read Replies (1) of 794338

Re Economy "Grows"....The Government tells us things are getting better. But they forgot to mention this ..... Mortgage default rates are up… Consumer spending up… BUT turns out people who are defaulting on mortgages are spending the extra money they would have paid the mortgages with to buy consumer goods…. THUS the Government sees a bright sky coming as people are spending again…. *** ** ** U.S. economy grows 3.2 pct in Q1** Fri Apr 30, 2010 8:31am EDT WASHINGTON, April 30 (Reuters) - The U.S. economy grew at a slightly slower-than-expected pace in the first quarter, held back by inventories and exports, but resurgent consumer spending offered evidence of a sustainable recovery, a government report showed on Friday. More: reuters.com

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