Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Exposing The Consumer Confidence Con
TalkingSides.com ^ | 09/28/12 | CaroleL

Posted on 09/28/2012 7:26:23 AM PDT by CaroleL

This week the headlines trumpeted that US consumer confidence jumped to a seven-month high. After falling five times in the past nine months and with virtually all economic indicators showing the continued failure of the Obama administration's economic policies, we are suddenly to believe that the US economy is looking up and therefore the president should be re-elected. But only if you believe the hype and don't look too closely at the reason for that jump.

While it's true that both the Consumer Confidence Board's Index and Gallup's Economic Confidence Index showed significant increases in September, it's also true that the improvement is due to survey responses from Democrats and Democrat-leaning independents.

So the big news behind the blaring headlines and the good news for President Obama's re-election campaign is that those who were going to vote for him anyway think the US economy is improving despite all evidence to the contrary. Stop the presses!

According to Gallup, "The Economic Confidence Index among Democrats had been ambling along at around +10 from August through early September. Then, in the week ending Sept. 9, spanning the Democratic National Convention, it surged 18 points to +24 and has since averaged +20 or better. A similar pattern has occurred among Democratic leaners, with a 22-point surge in confidence during convention week."

Wells Fargo Senior Economist Mark Vitner offers a more specific reason for the surge of confidence among Democrats crediting former President Bill Clinton's DNC speech in which he "rekindled memories of better economic times" and assured voters that the US economy was on the right track.

Of course that's what political speeches are supposed to do but now that the high of the one-sided conventions have ebbed and the reality of the upcoming debates and another jobs report are coming fast, that increase in confidence could be exposed for the con job it was.


TOPICS: Government; Politics
KEYWORDS: billclinton; economy; obama

1 posted on 09/28/2012 7:26:25 AM PDT by CaroleL
[ Post Reply | Private Reply | View Replies]

To: CaroleL

bottom line: liberals are liars.

their dogma is “the end justifies the means”.


2 posted on 09/28/2012 9:02:52 AM PDT by Elendur (It is incumbent on every generation to pay its own debts as it goes. - Thomas Jefferson)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson