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The preliminary reading on consumer confidence from the University of Michigan came in at 89.4, well above expectations and the highest reading since July 2007...
Future inflation expectations also declined in the report, with the 1-year outlook falling to 2.6% from 2.9% and the 5-year outlook falling to 2.6% from 2.8%.
The Nielsen consumer confidence index showed that US consumer confidence rose four index point to a score of 108 in the third quarter, reaching its highest level since 2006, she wrote.
US Economy has been the leader out of the economic mess of 2007/2008 among it's developed peers. Still a lot of issues to address, mainly long term unemployment and the decades long decline in wages/benefits of the American worker. However, the reality is that America has been increasingly moving past the mess that tanked the global economy. It will be interesting to see if America can prop up the global economy, as global demand dampens, like China has been doing. We certainly need to invest the money to rebuild this country's infrastructure, which would be a huge boom for the global economy.
US Economy has been the leader out of the economic mess of 2007/2008 among it's developed peers. Still a lot of issues to address, mainly long term unemployment and the decades long decline in wages/benefits of the American worker. However, the reality is that America has been increasingly moving past the mess that tanked the global economy. It will be interesting to see if America can prop up the global economy, as global demand dampens, like China has been doing. We certainly need to invest the money to rebuild this country's infrastructure, which would be a huge boom for the global economy.
Is this the current administration propaganda? What a joke.
If this were true, the Democrats would have won the election big time. They didn't. They lost in a historic way. So, obviously, this story is false.
Many people in the USA have experienced a decrease in quality of life. I do not solely blame Presidente Osama and the Dogroasterocrats.....but they do deserve a large share of the blame. Wages down and prices up on a lot of things up, what's not to love, all hail Fedgov, all hail Presidente Osama...the Kenyan sleeper-agent!!!!!!!!!
The scammery of the last 6 years was done in order to avoid the consequences of financial foolery caused, for the most part, by government foolishness. A big heaping of the reason we had to avoid MOST of the pain in letting the correction run its course is the Ameridumdum citizen. Hey, guess what, that house you bought is only worth 600k because the government is artificially inflating the value, ditto for the stock market. And now you are a criminal if you don't buy into Osamacare, forced to buy a private product.
Is this the current administration propaganda? What a joke.
If this were true, the Democrats would have won the election big time. They didn't. They lost in a historic way. So, obviously, this story is false.
Quote:
Originally Posted by Spatula City
I know you meant this seriously, but your comment only really works ironically.
He does mean it seriously....
The reason Republicans won is they campaign better. Democrats don't have that killer campaign instincts and apparently their PR machine doesn't work as well as the rights. Republicans successfully campaigned on America being in worse shape than reality shows.
Many people in the USA have experienced a decrease in quality of life. I do not solely blame Presidente Osama and the Dogroasterocrats.....but they do deserve a large share of the blame. Wages down and prices up on a lot of things up, what's not to love, all hail Fedgov, all hail Presidente Osama...the Kenyan sleeper-agent!!!!!!!!!
The scammery of the last 6 years was done in order to avoid the consequences of financial foolery caused, for the most part, by government foolishness. A big heaping of the reason we had to avoid MOST of the pain in letting the correction run its course is the Ameridumdum citizen. Hey, guess what, that house you bought is only worth 600k because the government is artificially inflating the value, ditto for the stock market. And now you are a criminal if you don't buy into Osamacare, forced to buy a private product.
Wages and benefits have been decreasing for decades. That's the consequence of America's type of capitalism as the jobs and wages were sent overseas or automated.
I don't understand how people can deny statistical proof. Economic figures (good or bad) aren't opinion, they're factual. It's really just as simple as that. People who think that all these figures are 'lies' just live in their own conspiracy theory, farcical worlds. There really is no helping them.
Is the economy where it needs to be/should be? Absolutely NOT. I don't think anyone would say that with a straight face. However, I think it's clear that it's getting progressively better- all the while the rest of the world (Europe, Japan, China are falling off a cliff at the moment [hence the dramatic strengthening of the USD in recent months]). Beyond the stats, just looking around and I see stores packed, restaurants packed, more and more cars all over the place, people spending money, people taking 'bigger' vacations, more people willingly quitting their jobs, etc.
Also, it really didn't take a genius to predict that the GOP would take the Senate and pick up more seats in the House this cycle. It's EXTREMELY common that the party of the president loses in the midterm, especially if it's a 2 term president. Happened to Clinton, happened to Bush, happened to Obama, and will more than likely happen to whoever the next POTUS is.
I mean seriously, c'mon, even Ray Charles and Stevie Wonder saw that one coming...
citylover - do you really believe this survey? 89.4%? That's one in 9 people saying that things are getting better. doesn't take a genius to see that can't possibly be.
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