Biz

Gallup’s Economic Confidence Index Takes A Beating

MORE TROUBLING NEWS ABOUT THAT PROMISED “CONSUMER RECOVERY” || By FITSNEWS ||  Add Gallup’s U.S. Economic Confidence Index to the list of consumer metrics taking a beating this summer. According to the pollsters, the measure dipped to -14 during the week ending July 26.  That’s nineteen points off of its…

MORE TROUBLING NEWS ABOUT THAT PROMISED “CONSUMER RECOVERY”

|| By FITSNEWS ||  Add Gallup’s U.S. Economic Confidence Index to the list of consumer metrics taking a beating this summer.

According to the pollsters, the measure dipped to -14 during the week ending July 26.  That’s nineteen points off of its late January peak of +5.  It’s also the index’s lowest print since last October.

Wait … aren’t gas prices still low?  And weren’t those low gas prices supposed to spark a consumer renaissance?

Oops …

Take a look …

confidence index

Yeah … not good.

For those of you keeping score at home, the index has a theoretical maximum of +100 (if every American rated the economy good or excellent and improving) and a theoretical minimum of -100 (if every American rated the economy as poor and getting worse).

Consumer confidence can indicate an uptick in consumer spending, which in turn can presage an uptick in employment and … in turn … incomes.  Which of course fuels additional confidence.

When everything’s going well, it’s “onward, upward.”

When everything’s going poorly, it’s a tough rut to break out of …

Cue boilerplate ideology …

We’ve said it before and we’ll say it again: America needs to grow the economy, not government.  It needs to start letting consumers do the stimulating, instead of pumping trillions of dollars we don’t have into wealth redistributioncrony capitalism, welfare statismglobal interventionism and socialized medicine.

Yeah …

***

Related posts

Biz

South Carolina Workforce Stalled As Union Threat Rises

Will Folks
Biz

Bidenomics: Inflation Hits 19.5 percent

Will Folks
Biz

Another Boeing Whistleblower Turns Up Dead

Will Folks

11 comments

Revelations August 10, 2015 at 3:55 pm

America is fizzling out. No more excitment. No more future. Just tons and tons of fucking illegal aliens taking it over, draining it of all the free stuff.

That final day will hit like a bolt of lightning. Millions will lash out in violence toward politicians and their families. Its coming. Total collapse, noting can stop it.

Reply
erneba August 10, 2015 at 3:58 pm

I hope not, but it does seem more feasible than just a few years ago.

Reply
Sic Semper Tyrannis August 10, 2015 at 4:14 pm

That sounds exciteing

Reply
Rocky Verdad August 11, 2015 at 8:26 am

Gracias por su pias.

Reply
erneba August 10, 2015 at 3:57 pm

“We’ve said it before and we’ll say it again: America needs to grow the economy, not government.”
Try ‘cluing in’ the current administration that free markets will ensure a better economic result than a socialistic inspired control of the markets for the sole purpose of growing government.
Excess regulation, taxes, spending on part of the government simply stymies the growth of the economy and people know it, therefore, the piss-poor numbers.

Reply
euwe max August 10, 2015 at 5:37 pm

(falling to the ground on my knees, my face streaming tears)

OH GOD! PLEASE MAKE IT STOP!!!!

KILL OBAMA…. and all the liberals.. please?

Reply
Centrist View August 10, 2015 at 5:51 pm

“… start letting consumers do the stimulating… ”

That’s absolutely true. Look what American consumers have done for the Chinese economy.

Reply
SYNTwist August 10, 2015 at 9:39 pm

LMAO! Funny because it is true — but it is also changing.

Reply
SYNTwist August 10, 2015 at 8:48 pm

I personally think those numbers are fudged. As I mentioned earlier we sold a house in 2015, we now have a contract for a commercial building. The market doesn’t lie, but media outlets do.

Look around. Look at gas prices, look at housing price or any other data point that is important to you. Don’t look at healthcare though ;)

Reply
SYNTwist August 10, 2015 at 8:53 pm

For any of you Putin fans, look at Russia’s economy and compare that to U.S. : http://www.businessinsider.com/russias-q2-gdp-drops-46-2015-8

Reply
ImpaledNazarene August 11, 2015 at 2:29 am

This is what happens when (lazy) poor and middle class people get their way. More medicaid to take care of their bastard welfare heroin babies, more money for section 8 housing that they end up getting evicted of, and more entitlement money.

Reply

Leave a Comment