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.
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.
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