The big decline cast new doubts about the strength of the economic recovery. Consumer spending accounts for 70 percent of total economic activity. Economists are concerned that households will start trimming outlays as they continued to be battered by high unemployment.
Looks like we need a better plan to fight this recession than the one the President has. Furthermore, auto sales dropped by almost two percent. We need to be very careful... this could be a bad moment, especially with the European debt crisis going on.