Consumer confidence hits Jimmy Carter level!!!

Discussion in 'Politics' started by skookerasbil, Aug 13, 2011.

  1. skookerasbil
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    skookerasbil Gold Member

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    Well.........this is sure interesting!!!


    By Pedro Nicolaci da Costa and Alexandra Alper

    WASHINGTON/NEW YORK | Sat Aug 13, 2011 12:51am BST

    WASHINGTON/NEW YORK (Reuters) - U.S. consumer sentiment worsened sharply in early August, falling to the lowest level in more than three decades, after retail sales posted the biggest gain in four months in July.

    High unemployment, stagnant wages, gridlock in Congress, and a stockmarket slump all contributed to a consumer mood that was as grim as when Jimmy Carter was President during the recession of 1980 and interest rates were more than 20 percent.



    U.S. consumer sentiment grim but retail sales jump | Reuters


    The news just keeps getting better.............and better..................and better................
    ......THAT IS IF YOU ARE A CONSERVATIVE!!!!!!!!

    Meanwhile, people on the far left are offing themselves in increasing numbers as virtually every liberal public policy idea is crashing and burning.......

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