Consumer spending is heading for another plunge, now that most Americans have spent the $1,200 checks, and the $600 per week Federal unemployment “stimulus” is set to end by July 31, the Wall Street Journal warned today. “Poorer Americans’ wherewithal to spend is in danger of collapsing … [and] there is a risk of widespread financial distress among low-income Americans.” All the Urinal can suggest for Congress to approve more such “stimulus” to people. [ggs]
WSJ Worries that “Key Support for the Economy May Be About to Buckle”
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