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Let's be kind again and assume that capital expenditures fall a lot, to, say, $1 billion a year, from last year's $3.8 billion.
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By contrast, Mr. Franks's total campaign expenditures fell just short of $3.8 million.
Personal consumption expenditures fell by a full percentage point more than previously thought.
Capital expenditures fell to $3.3 billion in 2009, in the depths of the recession, and dropped further, to $2.7 billion, in 2010, he said.
The report suggests that administration officials were highly imaginative in attributing expenditures to the initiative, and in any case those expenditures fell far below the sums promised by the president.
But the audit also shows that such expenditures fell sharply when the Obama White House clamped down on travel and conferences as budgets tightened and a scandal erupted over how much the General Services Administration had spent on conferences.
Local newspaper expenditures fell 5.6% to $22.66 billion, while aggregate radio spending slipped 3.5% to $10.69 billion.
Total advertising expenditures fell 12.3% last year to $125.3 billion as compared to 2008, according to data released today by Kantar Media.
For the first nine months of fiscal 2002, capital expenditures fell to $38 million from $59 million in the prior year.
(3) Private medical expenditures fell by 19%%, and private spending on critical illnesses decreased by 36%% after the enrollment of Chinese citizens in the New Cooperative Medical Scheme, which began in 2003 and sought to include all Chinese residents by 2010.
IBM's free cash flow (net income plus depreciation, minus capital expenditures) fell to $3.1 billion in 2000 from $3.7 billion in 1999, while debt (net of cash and equivalents on hand) jumped 10.3% to $24.9 billion.
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CEO of Professional Science Editing for Scientists @ prosciediting.com