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Importantly, the upturn was not simply fuelled by surging spending by households.
Chris Williamson, chief economist at data provider Markit, said: "Importantly, the upturn was not simply fuelled by surging spending by households.
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While overall outside spending surged, undisclosed spending by nonprofits, or "dark money," exploded.
Home foreclosures are surging, consumer spending has frozen and credit is nearly impossible to find.
Surging federal spending helped to strengthen a vibrant and diversifying local economy.
But the right doesn't care about any of that; in food stamps, it gets to see what it wants to see — surging government spending!
The Bank of England kept interest rates unchanged at 4percentt but economists said rates were likely to rise next month to curb surging consumer spending and rising house prices.
Even if oil and natural-gas prices fall, oilfield-services companies stand to benefit from surging capital spending by energy firms.
The fundamentals are there for a great advance: extraordinary productivity; surging capital spending, including new investment in information technology; low inventories; job creation; and rising personal incomes.
And, as charges flew back and forth, Gingrich rebutted any suggestion that he couldn't rein in surging federal spending.
After a decadelong surge, spending has plateaued and the effects are being felt around the world.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com