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Americans Are Still Spending Big

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“Americans might say they’re upset about rising prices and losing confidence in the economy, but that hasn’t stopped them from snapping up cars, electronics, sporting equipment and other big-ticket items,” the Washington Post reports.

“Retail sales jumped 1.7 percent in October, marking a significant acceleration in spending from September… And despite new data showing that consumer confidence is at a 10-year low, they seem to be shrugging off the higher prices on gas, groceries and other everyday goods.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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