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Stimulus' Boost Seen; How Long It Lasts Unsure

Economists debate impact, as inflation outpaces wage growth

By Kevin Spak, Newser Staff

Posted Jun 27, 2008 2:22 PM CDT

(Newser) – The government's stimulus package has worked—for now at least, the New York Times reports. Spending rose 0.4% last month, the Commerce Department said today, buoyed by the $50 billion in checks sent to consumers. But subtract the stimulus, and income levels rose only... Read full story »

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Consumer Spending Up... Thanks to Gas Prices

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(NEWSER) - Consumer spending rose at its fastest rate in four months in February—but that’s in large part due to rising gas prices. Consumer spending climbed 0.7%, while personal income rose 0.3% following January’s 1.2% jump, the AP notes. Both gains reflected a Social Security tax cut, which boosted take-home pay. But if energy prices keep climbing, household budgets will fall, and so will spending, economists say. More»

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If Obama takes his foot off the gas, it'll be 1937 all over again

(NEWSER) - Don’t believe the hype, ignore any rising GDP or employment figures, and whatever you do don’t call it a recovery—or we’re going to wind up right back where we started, argues Paul Krugman in the New York Times . There are indeed positive numbers coming, and with them calls for the Obama administration and Federal Reserve to ratchet back their efforts to prop up the economy. And if they do, it’ll be 1937 all over again. More»

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(NEWSER) - Incomes in the US got a big boost from federal stimulus dollars in May, the Commerce Department reported today. But weary consumers stashed most of that lucre away, sending the savings rate to a 16-year high. “Households are reverting to a more sustainable spending path vis-à-vis income,” one economist told the Financial Times. More»

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Stimulus' Boost Seen; How Long It Lasts Unsure

Economists debate impact, as inflation outpaces wage growth

inflation • economic indicators • wages • income • consumer spending • economic stimulus package

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More Newser Stories

Consumer Spending Up... Thanks to Gas Prices

Personal income up 0.3%, but inflation hits hard

Ignore Glimmers of Hope, Economy's Still in the Tank

If Obama takes his foot off the gas, it'll be 1937 all over again

Stimulus Boosts Americans' Incomes

Consumers tuck funds away: Savings rate hits 16-year high

Personal Spending Slows to a Crawl in February

Inflation cooling, but consumer confidence is down

Economy Shows Signs of Life: GDP Jumps 2.5%

Meanwhile, new unemployment claims fell

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