Yes, but Obama's poll numbers remain high, they pleaded
CONCLUSION: People still like Obama, but no one is buying the bull. Calling Mr. Axelrod, that's stage one, dummy. It's your 'honeymoon'Following Passage of Stimulus Bill, Consumer Confidence Falls to Record Low
The people have no confidence the Bill will stimulate. So Arlen, Olympia and Susan, strictly CYNICALLY, why did you vote for it? Or were you convinced it actually WOULD WORK and restore not only jobs, and increase them, but then restore confidence so we would buy the new made in Maylasia washing machine instead of fixing the old one made in Taiwan.Following Congressional passage of the economic stimulus bill, consumer confidence has fallen to another record low.
The Rasmussen Consumer Index, which measures consumer confidence on a daily basis, fell two points on Sunday and another point on Monday to 55.7. This is the third time in February that the daily Consumer Index has fallen to a record low. Confidence is down a point from a week ago, down six points from a month ago, and thirty-one points since the financial industry meltdown began in mid-September. During that time, confidence in the nation's banking system has plummeted.
Only 8% of American adults now rate the economy as good or excellent while 67% rate it as poor. Just before Lehman Brothers collapsed last September, 18% rated the economy as good or excellent.
Just 9% now say the economy is getting better while 70% say it is getting worse. In mid-September, 16% said the economy was getting better.
And, its ACROSS THE BOARD loss of confidence.
Now, 66% of Democrats say the economy is getting worse along with 75% of Republicans and 73% of those not affiliated with either major party.
Seventy-four percent (74%) of government employees now say the economy is getting worse. That view is shared by 69% of entrepreneurs and 72% of those who work for a private sector employer. Among retirees, 63% say things are getting worse.
The Rasmussen Consumer Index reached its highest level ever at 127.0 on January 6, 2004. The all-time low was reached on February 16, 2009 at 55.7.
The Rasmussen Investor Index reached its highest level ever at 150.9 on January 7, 2004. The lowest level ever measured was 58.5 on December 16, 2008.
The baseline for the Rasmussen Consumer Index was established at 100.0 in October 2001. At 55.7 the overall levels of economic confidence are significantly lower today than they were in the aftermath of the 9-11 terrorist attacks.
No doubt the OSI-MOVEON crowd will blame Bush and partisans of the right, even if that means people on the left just a mm to their right. I figure Obama has until about May-June until this is all going to come down on him in the polls.
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