On Fox's Sunday news show, the liberal Mara Liasson argued that Obama will do well because people are seeing that things are getting better. One of the economic measures that she referred to as proof of this was the fact that consumer spending is increasing. Apparently, Liasson wants us to think that because spending is up, people are feeling more confident in the economy and less worried about conserving cash.
It just annoys me when people quote statistics by implying false premises. Consumer spending is higher. It's higher because gasoline prices are at record highs. Food prices are soaring. Health care insurance premiums are going up faster than inflation. Home energy prices are higher. And, it just goes on and on. At the same time, wages are at near stagnation or, in many cases, have actually fallen. This is not better. And, having to pay a lot more to just survive is not a good thing for Obama. That's why, on a nearly 2-to-1 basis, Americans agree that the country is headed in the wrong direction.
--- Washington Post: US consumer spending rose 0.5 percent, driven up by higher gas prices; income barely grew: http://www.washingtonpost.com/politics/us-consumer-spending-rose-05-percent-driven-up-by-higher-gas-prices-income-barely-grew/2012/09/28/c47051aa-0969-11e2-9eea-333857f6a7bd_story.html
--- Real Clear Politics: Direction of The Country: http://www.realclearpolitics.com/epolls/other/direction_of_country-902.html
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