Consumer Confidence at Record Low

Posted by Tina

If you lack confidence in the economy after the “stimulus” billl you’re not alone!

Rasmussen Consumer Index – Following Passage of Stimulus Bill, Consumer Confidence Falls to Record Low

** Following Congressional passage of the economic stimulus bill, consumer confidence has fallen to another record low. *** Only 8% of American adults now rate the economy as good or excellent while 67% rate it as poor. Just before Lehman Brothers collapsed last September, 18% rated the economy as good or excellent. *** Just 9% now say the economy is getting better while 70% say it is getting worse. **

** In mid-September, 16% said the economy was getting better. *** Now, 66% of Democrats say the economy is getting worse along with 75% of Republicans and 73% of those not affiliated with either major party. *** Seventy-four percent (74%) of government employees now say the economy is getting worse. That view is shared by 69% of entrepreneurs and 72% of those who work for a private sector employer. Among retirees, 63% say things are getting worse. *** The Rasmussen Consumer Index reached its highest level ever at 127.0 on January 6, 2004. The all-time low was reached on February 16, 2009 at 55.7. *** The Rasmussen Investor Index reached its highest level ever at 150.9 on January 7, 2004. The lowest level ever measured was 58.5 on December 16, 2008. *** The baseline for the Rasmussen Consumer Index was established at 100.0 in October 2001. At 55.7 the overall levels of economic confidence are significantly lower today than they were in the aftermath of the 9-11 terrorist attacks. **

Is the Obama administration warning that the economy is goinmg to get worse because so many of hisconstiuents think it is…or could a worsening economy be part of a bigger intention? Stay tuned, as they say in radio, for a report on the “Cloward/Piven strategy…coming soon.

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