February 10, 2007: Sen. Barack Obama announced he was running for president in a speech before the Old State Capitol in Springfield, Illinois
Text of speech here
BBC: Consumer spending in the US grew at its fastest pace in three years during 2010, official figures have shown.
Spending grew by 3.5% from 2009 the Commerce Department said, the best showing since a 5.2% rise in 2007 – before the country went into recession.
The 2010 levels were helped by a strong December, where spending grew by 0.7%, the sixth consecutive month of growth.
Consumer spending makes up more than two-thirds of activity in the US, the world’s largest economy.
….Economists expect that spending and savings will be boosted further in 2011, if the job market continues to slowly improve and with a cut in payroll tax.
…Last week, figures showed that US economic growth accelerated in the last three months of 2010 to an annualised rate of 3.2%, up from a rate of 2.6% in the previous quarter.
February 10, 2007: On board a plane flying to Iowa after Barack Obama announced his bid for the Presidency in Springfield. Scott Olson/Getty Images
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Democratic Presidential Candidate Senator Barack Obama (D-IL) drives a bumper car with his daughter Sasha at the Iowa State Fair August 16, 2007 in Des Moines, Iowa. Scott Olson/Getty Images
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Muscatine, Iowa, Nov. 7, 2007. Callie Shell.
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