Here’s an Associated Press story for you: Consumers rein in their spending. The online version doesn’t carry the subtitle the print version does, but the lead drives the message home:
WASHINGTON – Consumers, a key force shaping the nation’s economic recovery, grew more restrained in February, increasing their spending by only 0.2 percent.
These are the same people who say that a slower increase in government spending is a cut.
I don’t know about you, but I wouldn’t trust a reporter to tally a split check at a restaurant, much less explain the world or commerce to me.
