Obama turns confidence clock back to 1983
 

On Tue, 23 Feb 2010 23:13:52 -0500, the infamous "Buerste"
scrawled the following:


"Burled Frau" wrote in message
...
Consumer Confidence Falls to 10-Month Low in February

Published: Tuesday, 23 Feb 2010 | 10:03 AM ET
By: Reuters

U.S. consumer confidence fell in February to the lowest in 10 months, as
consumers' short-term outlook for the jobs market worsened, according to a
private report released Tuesday.

The Conference Board, an industry group, said its index of consumer
attitudes fell to 46.0 in February from a revised 56.5 in the prior month.
February's reading is the lowest since April 2009.

The median of forecasts from analysts polled by Reuters as for a February
reading of 55.0. The expectations index fell to 63.8 from 77.3. The
present situation index dropped to 19.4 from 25.2 in January, the worst
since February 1983.

"Concerns about current business conditions and the job market pushed the
Present Situation Index down to its lowest level in 27 years," said Lynn
Franco, director of The Conference Board Consumer Research Center.

"Consumers also remain extremely pessimistic about their income
prospects," Franco added.

Consumers' labor market assessment worsened. The "jobs hard to get" index
rose to 47.7 percent from 46.5 percent, while the "jobs plentiful" index
fell to 3.6 percent in February from 4.4 percent in January.

http://www.cnbc.com/id/35538824

What do consumers know? But now that we have Healthcare, jobs and
Cap-N-Trade on track, everything will be rosy any day now, thanks to the
great American patriots, the Democrats!

Bwahahahahahaha! BTW, shouldn't that date in the subject read 1775?

--
"Politics is the art of looking for trouble, finding it whether it
exists or not, diagnosing it incorrectly, and applying the wrong
remedy." -- Ernest Benn