People gotta stop pushing the American economy is doing fine…
It isn’t….
U.S. consumer spending sunk in September by the lowest rate in seven months, according to data released Wednesday by the Commerce Department.
Sales of retail goods and food services sank 0.3 percent last month as consumers tightened their belts during a stretch of intense anxiety about a potential recession.
While the U.S. economy has held steady amid global turmoil, it has grown and added jobs at a slower rate throughout 2019. Rising trade tensions and fading foreign demand for American goods have also stunted U.S. business investment, manufacturing activity, and exports.The state of the economy is crucial to President Trump’s reelection bid as he seeks to woo swing voters with a solid job market and steady growth. An economic slowdown could be politically devastating to Trump, particularly in areas of the country yet to recover from the 2008 recession….
image…APNews