U.S. consumer confidence fell more than forecast in April to a 26-year low as record fuel prices and rising unemployment threatened to reduce spending.
The Reuters/University of Michigan sentiment index decreased to 62.6, from 69.5 the previous month. The measure was down from a preliminary estimate of 63.2 issued on April 11.
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The Bush Presidency - a treasure chest of historic lows.
The150年米国第2フラクタ"のマクロ経済学の"直線
社会""的なでき事は全"的なmacroeconomyの決定"のでき事の結"で"世"の信"の崩壊および資"の評価の崩壊の"の""可能は市民および州が既"の"""制の拒絶"よって負債を否認"る"とができるよう"ありま"後は前の負債および資格賦与の義"を"成"るため"引き締まりま""の世"の経済的なおよび負債の収縮はいか"厳しい負債の拒絶および""の拒絶が起"るかもしれませ""と可能な"れで"か"の問題は行中の邦準"制度および世界の中央行の現"の短"流動の貸出"策へobjectionistsのための察べきで" 23日の第2 27-28日のフラクタ""金"1929年""DJIA"よってtransversed 11/27-28/27-28日の同"ようなフラクタ"の腐食パターン"続く可能がありま" 2つの経済: 慢的"空気を"く古い"の経済: 豪華なハウジング公平の泡の後の日"人"1989年の"して表される合成の日経"よって-"してインフレの負債で押された米国は1982年""の2.5 長年"渡るひも"て"入れし安価な輸入"""よって"して合成物Wilshire"よって表されて"近つなぎました-結が16-26年の長"合成の公平の評価のフラクタ"および"近2008年"米国"よってが150年第2フラクタ"の"直線起"る13/26-27/26-27の日のフラクタ"ありま" -強く併合されて22:21で04/22/2008を掲示しました暗示的な: 42
I totally agree..........:)
Is that macroeconomician?
Thank you George Bush and the The Sheep (aka the Republican Congress). You have managed to do in 7 short years what no other administration has been able to do ever - bankrupt the entire country and destabilize the world.
Empires and terrorists also could not do it. The worst enemies are always the home-grown ones.
Among politicians, business leaders, and journalists, who speaks for and stands up for the economic interests of the middle class? Oh, sure, they'll talk about 'the salt of the earth' voters for whom lapel pins are important, but which ones have any real interest in middle America?
And why should they? Afterall, this is America, where anyone can marry an heiress, have a dad who owns oil companies, make millions from a book deal, have their own news show, or turn a thousand dollar investment into a million dollars.
The problems of this economy begin with a complete lack of respect for the working people of this nation.
Consumer confidence is like that game of limbo..."How low can you go?"
Looking at our Congress however, one would think the economy is flush with cash.
As we sink into recession and are faced with a growing food crisis, HR 2419, the continuation of the Farm Bill through 2012, will continue to give away billions of dollars to land owners who grow absolutely nothing.
In 2005 alone, when pretax farm profits were at a near-record $72 billion, the federal government handed out more than $25 billion in aid, almost 50 percent more than the amount it pays to families receiving welfare.
The largest annual subsidy, called direct and countercyclical payments, is given to farmers regardless of what crops they grow " or whether they grow anything at all. The Washington Post found that, since 2001, at least $1.3 billion was paid to landowners who had planted nothing since 2000. Among the beneficiaries were homeowners in new developments whose backyards used to be rice fields.
The agricultural lobby, one of the strongest special interests on the hill with 80 million spent on lobbying in 2007 alone, have made the government handouts virtually untouchable in either chamber of Congress.
One is waiting to see if and when the Democratic "leadership" will attempt to sneak the legislation into law before the May 2nd expiration date and if there will be anyone, ANYONE, willing to stand up and speak for the American people.
I think America will be in BIG trouble by summer, within 2-3 months. Forget "big ticket" items. The cost of food is skyrocketing:
http://tiny.cc/H3ouY
It will affect us all more than the rising cost of gasoline or anything else. We can do without luxuries but not food.
Plant a garden. There's still time.
Don't worry folks, Bush said "the check is in the mail"...............
IMPOSSIBLE!!! BU$H SAYS THE ECONOMY IS FINE AND SO DO HIS CORRUPT COHORTS. MCCAIN WANTS TO GIVE MORE TAX BREAKS TO CORPORATE UNAMERICA AND THE ULTRA RICH LIKE HIS WIFE...HOW CAN ANYONE BELIEVE THAT CONSUMER CONFIDENCE IS AT AN ALL TIME LOW. BU$H AND CORRUPT COHORTS HAVE OUT SOURCED 7,000,000 JOBS AND REPLACED WORKERS WITH LOW PAYING NO BENEFIT JOBS...HOW CAN CONSUMER CONFIDENCE BE SO LOW? EVERYTHING WE BUY IS MADE IN CHINA ONLY TO BE RECALLED LATER BECAUSE IT IS TOXIC...HOW CAN CONSUMER CONFIDENCE BE LOW?
The fascist pig slogs through oil-drenched contributors on his way to the oval office to veto the children's healthcare bill. Long live the king!
HECKUVAJOB BU$HCO !
-ralph
This obviously calls for more tax cuts, breaks, and subsidies for the rich.
How about Political Consumer confidence? I really don't want to vote for any of these gutless, pandering clowns.
Is this a new story, or did they just change the date?
I know a place where you can buy really good Hermes knockoffs.
So? According to chimp its just a bump in the road. those tax checks are like jesus in the mail.
I see Bush Jr. is following in both his daddies and Reagans footsteps.
War and destroying the economy. Thank god we have the republicans to keep us from endless years of prosperity. Just think what would happen if we were all doing as well as the republican Neo Con elitist do during rethuglican rule. Why, it would be like democratic rule use to be. but then again, Neo Cons can not stand to have anyone else doing well if they are. Its just not , Right.
Next week we get the Q1 08 GDP numbers. Very few people are expecting them to be better than Q4 07, which means anemic growth or actual shrinkage.
Whatever they say, they don't tell the story of more money moving to the rich and super rich from the working class. That is the story told by consumer confidence.
"Next week we get the Q1 08 GDP numbers."
Would these numbers be from the same place that reported there was no inflation in February? Would these numbers be from the same place that just revised its formula for the "Seasonal Adjustment" of the CPI to show inflation at a 3% annual rate in March rather than the 9% that would have been calculated? The GDP numbers that will be reported are will not just be cooked they will be pan fried, par boiled and flame broiled.
I prefer flame broiled GDP numbers.
Don't forget that we've lost a quarter million jobs this year, so far.
As long as citizens like Nash McCabe base their voting decisions on how often a candidate wears a flag pin, our economy will go further down the crapper.
It's all Hillary's fault.
Is it just me or does anyone else notice that the politicos in charge always refer to us as consumers. We are American citizens that are supposed to be served by our politicians. We just aren't CONSUMERS. It makes me feel like I'm being herded. Sheeple that's what we should be called.
We are the "them", as in "us vs. them".
I know that this particular consumer has absolutely no confidence in our economy,....
Just ask John McCain -- the economy is doing well and most Americans are better off than they have ever been.
Apparently McSame only sees one out of the two Americas.
YEAH, I WOULD FEEL THAT WAY TOO IF MY SPOUSE WERE HEIR TO A MULTI-BILLION DOLLAR CORPORATION.
Like Sister Harriet who thought Pan was the smartest man she had ever known, McCrazy needs to widen his social circles and get out into the real world.
No doubt, if you only have tea with Brother Prince, you'll think everything is just peachy..
I said it once, I will say it again, folks, we are headed for a depression. All indicators are leaning that way if Bush and co are not stripped of power now. Will it really take a full on depression before anyone does anything about it? Really? I can't believe this.
You are probably right about a full blown depression but you are likely not ready
to understand that our arrival here, is not by accident. Study Milton Friedman's
work on corporatist takeovers and read Naomi Klein's recent work on the Bush
Chaos Theory, AKA 'Shock Doctrine'. Privatization, profiteering and promulgation
are only possible during times of crises, a fascist victory is in the making here.
With everything that has bombarded the American consumer, from housing/mortgage woes, gas prices, increase in food prices, healthcare, employment worries, inflation, personal debt, and the fear of a looming recession, is it any wonder that consumer confidence is at a 26 year low? And to add insult to injury, there is still the uncertainty over the wars in Iraq and Afghanistan and the impact of funding two fronts, to our economy.
Given the average American's ability to deny his or her own place in the great class struggle, this is really, very bad news for Wall Street.
VOTE REPUBLICAN FOLKS !
THE PARTY OF PEACE AND PROSPERITY !
MC BUSH FOR PREZ !
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Bloomberg | Bob Willis | April 25, 2008 08:37 PM