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

To: jlallen who wrote (606243)	8/19/2004 3:59:24 PM
From: puborectalis	Read Replies (1) \| Respond to of 769670

The retail figures reflected a mixed picture of consumer spending, which accounts for about two-thirds of overall U.S. economic activity. With June sales revised up from the previously reported 1.1 percent decline, the “soft patch” in spending noted by Federal Reserve Chairman Alan Greenspan and others was not as deep as believed. However, the smaller-than-expected July rebound showed shoppers still trying to cope with higher energy prices and stagnant wage growth.