Posted on 01/31/2006 7:02:38 AM PST by SoFloFreeper
NEW YORK (AP) -- A private research group says consumer confidence rose in January to its highest level in more than three years.
The Hoover Economy and all, you know.
This won't change the Dems response to the speech tonight.
Predicted AP Headline:
Bush Deceives Consumers
Well, our spending relative to income is almost like Hoover is president.. Personal savings in december was -0.7%, and -0.5% for all of 2005. The only years it has been negative before were 1932 and 1933.
The economy isn't bad, but I find signs like that troubling.
You and Willie Green should hook up! :)
Can't figure out this one. But, the "polls" show only 40% or so of Americans approve of the way W is handling the economy?
It still must be the price of a gallon of gas.
but.. but... I thought this was the worst economy since the great depression !
John Kerry said so!
*rolls eyes*
Is that just savings accounts, or does it take into account 401K and other investment instruments?
Damn you Herbert Hoover!
NEW YORK (AP) -- Americans became more optimistic about the economy in January, sending a widely followed measure of consumer confidence to the highest level in about three and a half years, a private research group said Tuesday.
The Conference Board said that its consumer confidence index rose to 106.3, the highest level since June 2002, when the reading was also 106.3. The latest reading was up from a revised 103.8 in December. Analysts had expected a reading of 105.0 in January.
"This month's increase was driven solely by consumers' assessment of current economic conditions, especially their more positive view of the job market," said Lynn Franco, director of The Conference Board Consumer Research Center, in a statement.
Economists closely track consumer confidence because consumer spending accounts for two-thirds of all U.S. economic activity.
...more positive view of the job market...
Gee, I thought everyone was downtrodden and sad.
Indicators like this make me believe the "polls" showing Bush in the low 40s are CRAP.
Just in time for the SOTU and the posturing about the terrible economy from the demons.
Thats the problem with the savings calculation model. It does not include 401(k), IRA, and other such instruments.
I am PRETTY SURE investments into equities are not considered "savings".
If I put money into a 401k and my company matches part of it is that considered part of "personal savings"?
Bingo...
6 years of media pounding on Bush as Hoover.
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