Consumer Confidence Plummets in September - BIGGEST DROP IN 15 YEARS.

[VolcanoJen]

Wow... spin that, Rove.

http://news.yahoo.com/news?tmpl=story&u=/ap/20050927/ap_on_bi_ge/consumer_confidence_5

NEW YORK - Consumer confidence plummeted almost 19 points in September, its biggest drop in 15 years, as Americans worried about the economic fallout of Hurricane Katrina and rising gasoline prices.

The Conference Board said its Consumer Confidence Index, compiled from a survey of U.S. households, dropped 18.9 points to 86.6, from a revised reading of 105.5.

That marked the biggest fall since October 1990 when the index fell 23 points to 62.6 in the wake of the recession. The September reading was also the lowest level since October 2003, when it registered 81.7.

Analysts had expected the September reading to be 98.

[savemefromdumbya]

1. and Bush has the audacity to ask us not to drive too far

to save gas!

[trogdor]

2. Well, that cuts out that trip to the mall...

...for Christmas shopping. Everybody's getting sweaters. Nice, warm ones.

[VolcanoJen]

3. And there's even more bad news for BushCo in that article...

... just wait until "folks" start getting their first heating bills this winter.

Consumers' outlook for the next six months turned considerably pessimistic. Those anticipating business conditions to worsen increased to 19.8 percent from 10.0 percent. Those expecting business conditions to improve declined to 15.3 percent from 18.7 percent.

The outlook for the labor market also soured. Those expecting more jobs to become available in the coming months decreased to 14.0 percent from 16.4 percent in August. Those expecting fewer jobs increased to 25.0 percent in September, up from 17.3 percent in August. The proportion of consumers anticipating their incomes to decrease in the months ahead rose to 10.8 percent from 8.9 percent last month.

[savemefromdumbya]

4. heating oil and gas prices and guess who will be affected most

Bush's war on the elderly, the poor - the have-nots.

I expect Greenspan will go out with a bang?

[nadinbrzezinski]

5. What we have brewing is a depresiom folks

the other day I went to the supermarket and got some things such as pasta, rice, you know that don't go bad....

Well I was not the only one, several older people had the same idea... this young gal, wiht her daughter, came over all curious why that aisle was being stripped baer (as well as the manager). She asked what is going on? I said Rita, they said Depresion....

So older folks are starting to get raedy for that, as ready as you can

[savemefromdumbya]

8. yes the indicators are there - spiraling depression

and no hurricane has contributed much to what was going to happen already. This most be the most imcompetent president of all time?

[VolcanoJen]

10. That's a pretty frightening account, nadin.

Wow. :scared:

[nadinbrzezinski]

12. and it is soCal

oh and by the way, the base gas station ran out of the cheap gas, granted they are the lowest distribution priority, but both me and my hubby went HMMM

[Chi-Town Exile]

6. It's all Clinton's Fault!

What's wrong with everyone? Don't you know this is the fault of the CLENIS?! :crazy:

[Joy Anne]

7. interesting discovery that probably everybody else knows

If you click "discuss" at the bottom of the Yahoo article, there's a message board--and the dozen or so messages I read were all anti-Bush.

[nadinbrzezinski]

9. yeah the yahoo boarse are turning

there are some dead enders there, but hey some folsk will be buried defending Bush, in 40 years just as some still defend Nixon, and every once in a while you can still find an old person defending hoover, that is a very strange occurrence. I think my last one of those was in the mid eighties actually

[Joy Anne]

11. on Yahoo and Hoover

I didn't even know there were Yahoo News discussion boards, let alone what was being said!

Regarding Hoover, we could use him right now. He was an outstanding success at disaster and war relief--just a lousy president.

[nadinbrzezinski]

13. no he was not

he screwed the pooch during the '27 flood, ironically in the same area