Whither the recession? That bastion of fair journalism, The New York Times, recently buried this little economic gem deep within its pages. Retail spending up in May? Couldn’t be. The old gray lady has been assuring us for months that we’re in the throes of a massive recession, and it’s all the fault of the current presidential administration. So how is it possible, then, that consumer spending actually increased in May? Oh, the government rebate checks.
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