Retail sales for September fell by the largest amount this year, though most of the drop is attributed to cars sales plummeting at the end of the government's popular 'cash for clunkers' program.
By Dave Gustafson
As the nation looks for more signs of economic recovery, there were mixed signals on Friday as reports showed consumer spending rose slightly last month thanks in part to an increase in auto sales but incomes remained flat.
The government is ending its popular 'Cash for Clunkers' program two months early due to dwindling funds. Jeffrey Brown speaks with an automotive journalist about its impact on the auto industry and the economy.
Question: With the success of the cash for clunkers program coupled with all of the auto plants that had to close this past year, why doesn’t the auto industry, the government, or some young entrepreneur reopen some of these plants…
Sales at U.S. retailers sank in July for the first time in three months despite the government's popular 'cash for clunkers' incentive program, indicating that the American economy faces a bumpy recovery from its worst recession since World War II.
Mark Shields and David Brooks discuss the news of the week, including tensions in the health care debate and former President Bill Clinton's trip to North Korea to obtain the release of two U.S. journalists.
President Obama called Senate Democrats to the White House on Tuesday in an effort to ease the worries over a trio of spending measures being pushed by the administration. Gwen Ifill reports.
Columnists Mark Shields and David Brooks discuss the top news of the week, including an idea to declare victory in Iraq and the latest economic figures.
The House rushed to inject $2 billion into the cash for clunkers program, and the Associated Press reported that thousands of decaying bridges are suffering under the stimulus package.
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