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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (515025)	12/23/2003 3:15:51 PM
From: Hope Praytochange	Respond to of 769670

Even with the strong growth, inflation remained under control with a price gauge tied to the GDP rising at an annual rate of just 1.8 percent in the third quarter. The monthly incomes and spending report showed that 0.4 percent November jump in consumer spending, which accounts for two-thirds of total economic activity, followed a tiny 0.1 percent rise in October and no change at all in September. However spending had soared by 0.9 percent in August, reflecting the burst of activity spurred by the tax cuts which went into effect in July. The 0.5 percent rise in personal incomes followed much smaller increases of 0.2 percent in October and 0.3 percent in September. The strength last month came from a big wages and salaries, which rose by $16 billion in November compared to an October gain of $8.2 billion. After an extended period of layoffs, employers have begun adding workers to their payrolls, which should help bolster incomes even more in coming months. washingtonpost.com