Today's figures show that in the fourth quarter of 2005, consumers simply ran out of steam.

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Today's figures show that in the fourth quarter of 2005, consumers simply ran out of steam. When consumers are burdened with heavy debt loads, rising interest rates, higher energy costs, no personal savings and household income growth that falls below inflation, something had to give.

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The Democrats will try to make hay out of Greenspan's comments, but I don't think it will stick.

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