Skip to comments.Rasmussen Consumer Index: Consumer Confidence Falls After Credit Downgrade (70% -- economy worse)
Posted on 08/08/2011 6:08:23 AM PDT by markomalley
The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, fell another point on Monday. At 61.5, consumer confidence is down three points since Standard & Poors downgraded the federal governments credit rating. Seventy percent (70%) now believe that the economy is getting worse. Thats up from 45% at the beginning of 2011.
Data for these updates is derived from a series of nightly telephone interviews and reported on a three-day rolling average basis. As a result, todays update includes two days of data collection after Standard & Poors announced their decision to downgrade the U.S. credit rating. For those two days, consumer confidence is even lower (below 60.0). The Rasmussen Consumer Index has not been below 60.0 for a full three-days since early March 2009.
The Rasmussen Consumer Index is down five points from a week ago, down 10 points from a month ago and 23 points from three months ago. Confidence is now just one point above the lowest levels of the past two years.
For the third straight day, investor confidence has fallen to a new two-year low. The Rasmussen Investor Index fell another point on Monday to 64.7. , investor confidence is down 10 points from a week ago, down 16 points from a month ago, and down 31 points from three months ago. Investor confidence has not been lower since March 13, 2009.
Among Investors, just 10% believe the economy is getting better while 71% believe it is getting worse. At the beginning of the year, investors were evenly divided on this question.
(Excerpt) Read more at rasmussenreports.com ...
Some guy on Fox (from S&P?) said that if we had passed a ‘balanced budget’ requirement with the recent legislation, we might not have been down graded.
The Dems are the ones who absolutely refused the balanced budget amendment.
So who’s the 30% who don’t think it’s getting worse?
Oh they are in the districts that don’t exist, that got millions of dollars..
I actually got this poll in the mail (along with 2 dollars cash). I got to put my two cents in.
I have a very bad feeling that life as we’ve known it is about to end.
All these negative poll results on many fronts, but 47% still stubbornly stick with the 0-boy. Go figure.
Personally - I’ve been pretty negative about the economy ever since O won the presidency.
I haven’t reacted positively to any “recovery” stories either.
We have been in this mode for 3 years now.
The day it appears to me that he is, indeed, a one-termer?
Scotswife will have an attitude change, and I may even go out and have myself a little ‘ole shopping spree.
You should have given them their two bucks worth! (Smile)
Not to worry a good percentage of that 47% won't be motivated to go to the polls come election day.
The thing that surprises me is the number of people who had a positive opinion before the downgrade. The downgrade was just icing on the cake. The months of bad economic reports and Washington’s inability to get control of spending over the past 4 or 5 months should have prompted people to have a negative view. Most of this year has been horrible in terms of economic and fiscal news.
I so hope you're right on that. But it's going to take a massive turnout of those who oppose him to run him out.
They will be VERY motivated in November, 2012.
47% shows that we're WAAAYYYYY to close to the tipping point; also not a good thing.