More crAP

When is up not up but rather down? When AP reports it....

Spending Down 0.2 Percent in October

WASHINGTON (AP) -- Consumers, battered by a slumping housing market and a credit crunch, slowed the growth in spending to the smallest amount in four months.

The Commerce Department reported Friday that consumer spending edged up 0.2 percent in October, the weakest showing since a similar increase in June. Individual incomes grew by just 0.2 percent last month, the poorest showing in six months.

The weak gains in spending and incomes were likely to raise new worries about spreading economic weakness caused by a severe slump in housing and a credit crisis triggered by rising mortgage defaults. In addition, consumers are also being battered by surging prices for gasoline and other energy products.

It's gone beyond mere spin to out and out lies.

Update: The headline has mysteriously changed to: Consumer Spending Slows in October. Way to cover your tracks boys.