Bob Beauprez:
"One thing that every single American shares in common is that we are all consumers, and consumers voiced no-confidence in Obamanomics a few days before the Labor Department's jobs report. The Consumer Confidence Index dropped to 64.9 for May, marking the third consecutive monthly decline, and still far below any hint of a return to a healthy economy.
As the following chart courtesy of Investor's Business Daily demonstrates, the American consumer has found little reason for increased optimism since the President arrogantly announced nearly three years ago that he had "rescued our economy from catastrophe" and the recovery had officially begun. By contrast, just six months into the Reagan-era recovery from the 1981-82 recession the Consumer Confidence Index returned to 90 – indicating a "healthy economy"- and climbed even higher thereafter.
The Index hasn't been anywhere close to 90 since December 2007....."
(Read more? Click title)
"Unapologetic pursuit and tracking of patterns within news others make since 2010"
No comments:
Post a Comment