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lets keep up with the good news:
FACTS -
Consumer confidence fell in early August to the lowest level since October 2008, a month after the collapse of Lehman Bros. sent the economy tumbling into a severe recession and financial crisis, according to the IBD/TIPP Economic Optimism Index out Tuesday.
Americans are also losing faith in the government. The index of confidence in federal economic policies plunged 9.6% to 36.6. The IBD Presidential Leadership Index fell 1.1 points to 47.2, the lowest since Barack Obama took office.
Separately, the National Federation of Independent Business' small-business optimism index fell 0.9 point in July to 88.1, the second straight decline and typical of a "weak or recession-mired economy."
The recovery in optimism that we are currently experiencing is very weak compared to recoveries after the 1982 and 1975 recessions," Bill Dunkelberg, NFIB's chief economist, said in a statement. "The small-business sector is not on a sustained positive trajectory, and with this half of the private sector missing in action, the economy's poor growth performance is not surprising."
My conclusion? Labeling it the "summer of recovery" or spending thousands on reinvestment and revovery act signs aint gonna do it. Obama cant charm his way through this. This is where the criticisms of his experience are validated. This is not community organizer, junior sentator level work. As I stated above, look at his so called "legislative victories" they are putting us deeper in a hole and causing businesses to spend more in admin and consumers to spend more on taxes. Its all the wrong stuff at the wrong time!!! look at this data - people have had it!
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