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No Confidence will Kill Obama Reelection Chances

fmizell Wrote: May 11, 2012 9:42 AM
As Garth would say from "Wayne's World" "Live in the NOW!!!!"

While economists agonize about unemployment, jobs created, money supply, stimulus, and the budget deficit, they often ignore one number that will in all likelihood matter most to voters in November.

Consumer confidence numbers have been slipping since reaching an anemic high back in February of 2012 according to several measurements of consumer confidence, including the Bloomberg Comfort Index. .

“The index, which asks people to rate the national economy, their personal finances and the buying climate,” reports “declined for the third consecutive week. About 56 percent of people rate their personal finances negatively, up from 47 percent three...

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