cnbc.com — U.S. consumer confidence fell in July to the lowest level since February, weighed mostly by worries about the job market, according to a private sector report released Tuesday.The Conference Board, an industry group, said its index of consumer attitudes fell to 50.4 in July from a revised 54.3 in June.
Jul 27, 2010 View in Crawl 4
lordskywalkerJul 27, 2010
The reason confidence is down is because we're in the 2nd half of 2010 and people we hoping/praying Obama and co. had done the right thing with the multi-billion dollar bailouts and the economy in general. They're now realizing that 2010 isn't the year of great recovery they were hoping for.
skinturtleJul 28, 2010
I have to laugh at the Governments...both Canadian and US. You hear them talk about how many jobs they've created....well I'd like to know which ones!
Where are these so-called jobs? Has anybody here been or know someone who has been employed by one these "jobs"?
They say it all the time...and yet never really state where. Nobody ever seems to question it either.
joe8packJul 28, 2010
Washington D.C, has created millions of jobs in the government. Look at the recent series on intelligence spending since 9/11 to see just how massive the government spending has been. The only area of the country not suffering massive unemployment is the area around Washington D.C. -
The problem is every job in the government means more debt and more taxes to the people working in the private sector, The bigger the government grows, the more crushing our debt burden becomes. At some point we must cut the size of the government or default on our national debt, or we might end up doing both simultaneously.
needcoffeeJul 28, 2010
Getting tired of these "consumer confidence" reports. Up down up down. To be honest I don't think it has gone up, instead a slow nose dive for 2 years. More people losing their jobs, or few getting jobs making maybe 1/4 what they use to. The average person sure in heck isn't spending more, if anything they are cutting down to save what they have or cutting down cause they have no money to spend.
faskippyJul 28, 2010
But, but, we're doing so well!
Closed AccountJul 28, 2010
I spend all my money on weed, it helps in these times.
magus_melchiorJul 28, 2010
@Bettverboten:
There is a "Business and Finance" section, where this would fit in quite handily. Instead you posted it under "Political News".
Why post it here unless you want to cast the current administration in a poor light, despite the many positive indicators Jordan117 pointed out?
joe8packJul 31, 2010
Finance and politics are very closely related, something that apparently is not intuitive for those that understand neither.
Closed AccountJul 28, 2010
Is it amusing or just sad that the people who jerk off every time they can find any hopeful signs that the country is going down the tubes like they hope and pray it will as long as a democrat is president, choose usernames like landthatilove or libertyalways?
errdayimhustlinJul 29, 2010
Mandating loans of any kind is a sure sign that our system has already collapsed.
exergenJul 30, 2010
You would think having anti-American Marxist ideologue as President would be a big boost to consumer confidence. Crazy!