Since 2007 American familes on average saved 3.6% of their income. This past quarter Americans only saved 2.4 percent of their income. Of course spending will stimulate our economy, but how long can people spend without worrying about their future? I don't believe trends like this past quarter will continue on because its just not realistic for people to spend money like this when their jobs are at stake.
This past quarter was a fluke and the next quarter for holidays will be weaker than normal. Then the first quarter of 2012 will be rather weak as well. But what this past quarter did prove was how much power the people do have to stimulate an economy.