teapartysamurai
Gold Member
- Mar 27, 2010
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Keep deluding yourselves liberals. Meanwhile, I'll show you who's plummeting!
U.S. Consumer Confidence Drops to Three-Decade Low Amid Economic Headwinds - Bloomberg
Haven't seen such low confidence since JIMMY CARTER. And we all remember what happened to Jimmy Carter, don't we liberals?
And the liberal media gives us loaded poll after loaded poll telling us that the Tea Party is sinking. That the public really wants to do what Obama wants?
Keep on deluding yourselves liberals. You think the country is with a president who has managed the economy this badly and then goes on a spree of blaming everyone else but himself?
Keep on deluding yourselves liberals.
2012 is coming!
U.S. Consumer Confidence Drops to Three-Decade Low Amid Economic Headwinds
Confidence among U.S. consumers plunged in August to the lowest level since May 1980, adding to concern that weak employment gains and volatility in the stock market will prompt households to retrench.
The Thomson Reuters/University of Michigan preliminary index of consumer sentiment slumped to 54.9 from 63.7 the prior month. The gauge was projected to decline to 62, according to the median forecast in a Bloomberg News survey.
The biggest one-week slump in stocks since 2008 and the threat of default on the nations debt may have exacerbated consumers concerns as unemployment hovers above 9 percent and companies are hesitant to hire. Rising pessimism poses a risk household spending will cool further, hindering a recovery thatFederal Reserve policy makers said this week was already advancing considerably slower than projected.
The mood is very depressed, said Chris Christopher, an economist at IHS Global Insight Inc. in Lexington,Massachusetts. Consumers are very fatigued and very uncertain. In the short term, people are going to pull back on spending.
Estimates of 69 economists for the confidence measure ranged from 59 to 66.5, according to the Bloomberg survey. The index averaged 89 in the five years leading up to the recession that began in December 2007.
U.S. Consumer Confidence Drops to Three-Decade Low Amid Economic Headwinds - Bloomberg
Haven't seen such low confidence since JIMMY CARTER. And we all remember what happened to Jimmy Carter, don't we liberals?
And the liberal media gives us loaded poll after loaded poll telling us that the Tea Party is sinking. That the public really wants to do what Obama wants?
Keep on deluding yourselves liberals. You think the country is with a president who has managed the economy this badly and then goes on a spree of blaming everyone else but himself?
Keep on deluding yourselves liberals.
2012 is coming!
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