Gasoline consumption has plunged in 2011 to the lowest level sine public records are available in 1983. Tax receipts are down 1.5% and per capita disposable income is down 1.3%. Despite the hopium and dopium coming out of the BLS the economy is in recession.
The big drop off was from September to October, 23.7%, extremely large and significant. When the economic data from 2011 is analyzed fully it would not surprise me if this was the point here all the artificial spending stimulus from Washington quit working and the economy, adjusted for inflation, went into recession, again.
Politicians, and the Federal Reserve, simply cannot grasp the concept that printing and spending money does not create economic growth, it simply causes misallocation of resources and inflation.
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