As the Obama supporters continue to raise their banner reading Mission accomplished regarding the economy, in the real world, Americans continue to suffer and continue to lack confidence about the future. when will liberals get out of their cocoons and see reality? its time for corporate tax reform and regulatory reform. That would truly give us a victory to celebrate. Until then, this is the economic reality: While economic confidence remains stable in the U.S., the current level is a noticeable improvement over the scores in the -40s and -50s seen through much of 2009 until 2011. The index has stayed within an eight-point range so far in 2014. This lack of variation between weekly index scores is unusual compared with prior years. Last year, weekly scores were within a 31-point range from January through September -- from a high of -3 in May to a low of -34 in the last week of September. And in 2009, in the depths of the recession, scores were within a 39-point range between January and the end of September, dropping to a low of -59 for two weeks in February but reaching a high of -20 in the second-to-last week of September. The more stable economic confidence scores in 2014 are an improvement from the drastic drops seen in previous years, but also indicate that confidence is not growing. Americans remain more negative than positive about the current economy, and most think the economy will get worse in the future, indicating that Americans pessimistic views of the economy persist. gallup/poll/176021/economic-confidence-index-remains-plateau.aspx
Posted on: Sat, 04 Oct 2014 21:49:36 +0000