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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Sept. 15, 1982)
Battalion/Page 9 September 15, 1982 national Courtea Behind Ramada Inn 846-2924 Thousands put their fingers on it... Advertising in The Battalion 845-2611 jj iwourtea 11 Inside Ramada Inn 846-8528 Consumer spending down after tax cut For the Cut That Falls Into Place Naturally Full Salon Service for Men and Women Open Mon.-Sat. 9 a.m.-6 p.m. Also Late by Appt. V/SA United Press International WASHINGTON — Consum ers bought less again in August, defying forecasts of a spending surge from President Reagan’s tax cut and raising new ques tions about projections of recov ery this year. Most economists had ex pected the July tax cut to sup port increased spending, in stead of the 0.9 percent drop in retail sales from previous month levels announced by the Com merce Department Monday. The figures were not ad justed for price increases during the month, suggesting the drop in volume was even larger. Consumer spending for July increased 1.2 percent in revised figures. Compared with year-ago levels, total sales in August rose just 0.4 percent to $88.3 billion, the Commerce Department re ported. Auto sales plummeted 5.5 percent in August. But even without the downturn in autos, overall sales figures would have only stayed about even with July, with a 0.09 percent increase. Durable goods sales, includ ing autos, machinery and heavy appliances, were down 3.5 per cent. The weak sales figures raised new doubts a recovery was gain ing steam. “I just heard about it and fm still in shock,” economist Sandra Shaber, of Chase Econometrics, a leading analysis firm,said. “Apparently consumers were not nearly as optimistic as Wall Street and saved their extra in come. That is just very, very bad news. “Until spending picks up its hard to see what basis there is for any economic recovery.” Another forecaster, econom ist Michael Evans of McMahan, Brafman, Morgan and Co.,said. “We’re in trouble. The economy is going to be way down in the third quarter. It’s going to put that fourth quarter upturn in jeopardy.” Commerce Secretary Mal colm Baldrige, in a statement issued by his office, attempted to remain upbeat about the fi gures, saying, “In the past, sharp gains in disposable income were generally followed by rising con sumer outlays but often with a lag of several months.” So, Baldrige concluded, “This year seems to be following the normal pattern with the July tax cut not yet evident in indi vidual’s spending.” SPECIALS GOOD AT BOTH STORES! & -N & BUY ONE...GET ONE... FREE OFFERS! GOOD ATIBOTH STORES< KROGER GRADE A LARGE BUY ONE...GET ONE 8 OZ. BAGLAYS POTATO CHIPS BUY ONE 8 OZ. BAG AT REG. PRICE ...GET ONE 8 OZ. BAG FREE A*/ ■IT i DOZ. iSr? SAVE *1.17 IE m FAVORITES tOGER PURE CHILLED INSlPPLE JUICE $|39 HALF GAL. ream . gac *2 19 Up... pkg: EiZER hope Fudge . *1 19 Cream *<?£: 59' or vBI YOGURT IS 8 OZ. cm. GROCERY SPECIAL COUNTRY OVEN CARMEL CORN/NUTS 10 OZ TUB BRIGHT HEAVY DUTY LIQUID Laundry Detergent • GAL. 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PRICE ...GET ONE 6 CT./PKG. FREE SAVE 99* Anti- abortion delay goes on United Press International WASHINGTON — Unless supporters of an anti-abortion measure can switch the views of about a dozen senators. President Reagan is in for another defeat on Capitol Hill. For the second time in five days the Senate refused to stop a two-month-old filibus ter Monday that has blocked action on the legislation back ed by Reagan. The vote for cloture was 45-35 15 short of the necessary 60 votes. Senate Republican leader Howard Baker filed a petition for a third cloture vote today. The legislation is attached to the debt limit bill that Baker wants passed by the end of the week. Last week, Congress hand ed Reagan his biggest setback to date on Capitol Hill when they overrode his veto of a $14.2 billion supplemental appropriations bill. Now Senate attention is fo cused on the abortion mea sure, which would ban federal funding and insurance for abortions. It also seeks a re view of the 1973 Supreme Court decision that legalized the operation. Sen. Jesse Helms, R-N.C., sponsor of the measure, said he was “not certain” he would have enough votes today. Sen. Lowell P. Weicker Jr., R-Conn., one of the leaders of the filibuster, told reporters he did not believe Helms could summon the 60 votes. “I wall take ahold of every opportunity to hold back the resolution of this issue by hav ing votes/’ Weicker said. “Ten million people out of work and we’re debating each other’s values.” But Curtis Young, of the evangelical Christian Action Council, said, “we’re pleased; I think we’ll be very, very close on the vote today. But Curtis Young, of the evangelical Christian Action Council, said, “we’re pleased; I think we’ll be very, very close on the vote today. The anti-abortionists pick ed up four votes since last Thursday when their first attempt at cloture was defe ated 41-47. Actually the anti abortion forces picked up seven senators but the final tally did not reflect it because several senators who voted last Thursday were absent Monday. In a comparison of the two votes, 48 senators have voted for cloture. Two or three senators who have been ab sent both times can be ex pected to vote for cloture. That leaves about 10 senators now supporting the filibuster that Helms must persuade to switch. On Monday, Sen. John Warner, R-Va., changed his vote to support cloture. Re publican Sens. Robert Dole and Nancy Landon Kasse- baum, Kan.; Orrin C. Hatch, Utah; Mark O. Hatfield, Ore.; Paul Laxalt, Nev.; and James McClure, Idaho, all absent Thursday, voted for cloture in the second attempt. Baker had said he would seek to bring up a proposed “federalism” constitutional amendment Tuesday by Hatch, which would allow Congress and the states to re strict or ban abortion. 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