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Wednesday, August 29, 2012

Americans’ confidence falls off in August

Americans are feeling worse about the economy than they have in a long time — a fact that could have wide-reaching implications everywhere from Wal-Mart to the White House.

Despite improving U.S. job and housing markets, consumer confidence fell to the lowest level it’s been since November 2011, according to The Conference Board, a private research group. The results are the latest swing in the index, which has been on a rollercoaster ride this year.

The index declined in January, rose in February and then posted four months of declines before registering an increase in July. August’s reading indicates that the gains in the job and housing markets aren’t big enough to put to rest Americans’ economic fears. That not only threatens to put a damper on retail sales for the back-to-school and winter holiday seasons — the two biggest shopping periods of the year — but it also could have an impact on how Americans vote in November’s presidential election.



Anonymous said...

Sure it should have an impact on the elections, except for one issue. All those receiving free sh-t are going to vote for the Muslim.

Anonymous said...

Only the stupid or retarded would give the idiot in the Whitehouse another 4 years, oh wait, we gave them the right to vote and that's how he got there in the first place!

Anonymous said...

Customer confidence will fall again this week too.
Big oil is raising gas prices due to Hurricane Issac....really?
That oil has to be refined before it goes to the pump for us to purchase!
We're purchasing gas now from oil that's been in this country now for MONTHS!
Big Oil/Washington game!
Get Big Oil out of Washington and everyone who supports them!
Stop giving these jokers subsidies!