“Consumer spending grew almost 4 percent in the spring quarter, before the tax stimulus package. In the third quarter it looks like consumer spending is going to be up 6 percent or so.”
James Glassman
“You cannot spend your way out of a recession or borrow your way out of debt... You know and we know and you know that we know that it's nonsense... The European Commission has said so. The markets say so, ... In a few months, the voters will have their chance to say so, too. They can see what the markets have seen: that you are the devalued Prime Minister of a devalued Government"”
Daniel Hannan
“Continuing consolidation largely depends on whether or not tax relief announced in February provides new stimulus to this consolidating curve.”
Rashika Lalla
“There was disagreement about tax policies and the need for further stimulus was at issue. O'Neill felt there was no more need for stimulus and it would have been difficult to get a tax package together without unanimity.”
Ned Riley
“The five percent drop is shocking. It indicates that perhaps the consumer tax rebate stimulus that benefited retailers during the back-to-school season has petered out.”
Delos Smith
“Estimates of the extent of spending are escalating, and the recovery and bounce-back, fueled by massive fiscal stimulus, could propel the U.S. economy on an unsustainable upward trajectory,”
Janet Yellen
“Consumers are benefiting from a combination of tax stimulus, new products, good apparel fashions and compelling prices.”
Richard Hastings
