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U.S. Economic Confidence Plunges in October [Worst 1 month drop since 2008!]
Gallup ^ | 11/5/13 | Alyssa Brown

Posted on 11/05/2013 8:49:24 AM PST by SoFloFreeper

Sixteen-point drop to -35 is sharpest in any month since Gallup Daily tracking began...

Americans' confidence in the U.S. economy sank for the month of October amid the partial U.S. government shutdown and partisan bickering over the federal debt limit.....

(Excerpt) Read more at gallup.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: consumerconfidence; economy; fail; jobs; obamacare; obamanomics
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Here is a hint, Alyssa: it has to do with LONG TERM DAMAGE like Obamacare and NOT short term things like two weeks furlough for non-essential workers.

Gallup, you really need to find more credible writers for your Obama Cult propaganda.

1 posted on 11/05/2013 8:49:24 AM PST by SoFloFreeper
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To: SoFloFreeper

Looked her up, she’s based in DC.
If you visit DC or NoVa, the world is a beautiful place.
Life is good there.


2 posted on 11/05/2013 8:53:02 AM PST by nascarnation (Frequently wrong but rarely in doubt....)
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To: SoFloFreeper

Ted Cruz’s fault.


3 posted on 11/05/2013 8:54:52 AM PST by Night Hides Not (The Tea Party was the earthquake, and Chick Fil A the tsunami...100's of aftershocks to come.)
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To: nascarnation
Life is good there.

Absolutely "bubbly", if you get my drift.

And the denizens there are in denial about the eventual popping of that bubble.

4 posted on 11/05/2013 8:56:28 AM PST by Night Hides Not (The Tea Party was the earthquake, and Chick Fil A the tsunami...100's of aftershocks to come.)
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To: SoFloFreeper

Duh?...Thanks Obama!


5 posted on 11/05/2013 8:56:40 AM PST by AngelesCrestHighway
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To: SoFloFreeper

6 posted on 11/05/2013 8:58:37 AM PST by AngelesCrestHighway
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To: SoFloFreeper

Bush’s fault!


7 posted on 11/05/2013 8:58:51 AM PST by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: Night Hides Not

I’ve sent several youngsters from here in the Midwest down to DC.

They start at jobs in low 6 figures.

They do complain about the cost of homes and the traffic.

But it a lot better than working at Target or Home Depot here.


8 posted on 11/05/2013 9:00:25 AM PST by nascarnation (Frequently wrong but rarely in doubt....)
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To: SoFloFreeper

OBAMACARE, the gift that will just keep on giving.


9 posted on 11/05/2013 9:01:40 AM PST by 444Flyer (How long O LORD?)
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To: SoFloFreeper

“CONSUMER CONFIDENCE DROPS RECORD AMOUNT DUE TO THE CONSERVATIVE REPUBLICANS BRINGING TO LIGHT THE ECONOMIC COLLAPSE OF AMERICA THAT LOOMS IN THE NEAR FUTURE”.


10 posted on 11/05/2013 9:01:50 AM PST by LibLieSlayer (FROM MY COLD, DEAD HANDS! BETTER DEAD THAN RED!)
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To: SoFloFreeper

Obamacare is going to have a negative affect on Christmas sales.


11 posted on 11/05/2013 9:01:57 AM PST by laplata (Liberals don't get it .... their minds are diseased.)
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To: nascarnation
I hear you. I'm not saying the bubble's going to burst anytime soon, certainly not in the next 3 years.

Dallas/Fort Worth is an opportunity laden area. Homes are reasonable, and traffic has gotten better, though there's a few pockets where traffic jams up during rush hour.

12 posted on 11/05/2013 9:05:17 AM PST by Night Hides Not (The Tea Party was the earthquake, and Chick Fil A the tsunami...100's of aftershocks to come.)
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To: laplata

It will flat-out kill them. Everyone getting a cancellation notice will have to budget in the increases to pay for Obama’s freeloaders.


13 posted on 11/05/2013 9:06:34 AM PST by Windcatcher (Obama is a COMMUNIST and the MSM is his armband-wearing propaganda machine.)
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To: SoFloFreeper

Designed by Liberals.


14 posted on 11/05/2013 9:11:49 AM PST by ExTexasRedhead
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To: Windcatcher
Everyone getting a cancellation notice will have to budget in the increases to pay for Obama’s freeloaders.

And those of us who haven't received a cancellation notice will be cutting back even further than we already have in fear/anticipation of getting one. That's on top of the rest of the negativity in this putrid economy. But what do I know. I work for a living.
15 posted on 11/05/2013 9:14:46 AM PST by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
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To: SoFloFreeper; Liz; stephenjohnbanker; SierraWasp; Ernest_at_the_Beach; Jim Robinson

One news item that has appears to be kept quiet might be the decrease in optional consumer spending even in N. Californicator land.

Starting about 2 weeks ago, my wife and a few friends have seen a decrease of customers where discretional income is spent:

For example: Medium $ to Upscale restaurants during lunch hours. Hair saloons, fingernail/toenail spas, coffee break time at the $4/cup places, and the upscale grocery stores.

Apparently, Halloween spending was trending down, and I have yet to see any articles noting that. However, a very reliable site was projecting a fair sized downward trend of spending:

Halloween Spending and Retail Buying Trends 2013 - 2005 - Sales Predictions

http://retailindustry.about.com/od/statisticsresearch/a/Halloween-Spending-And-Retail-Buying-Trends-2005-2010-Sales-Predictions.htm

Halloween will not be a treat for U.S. retailers, according to the annual Halloween Spending Survey conducted by the National Retail Federation (NRF). In every way that consumers increased their Halloween spending in 2012, they intend to decrease it in 2013, according to the 2013 Halloween spending survey. If consumer spending actually matches consumer intentions, retailers will be ringing $1 billion less in sales in the month of October. It is worth noting that this survey was completed long before the U.S. government shutdown spooked consumers, so Halloween sales numbers will likely be even scarier when retailers are counting up their 2013 Halloween loot.

How about the negative impact re the reality of the real costs of ObozoscamScare.

Look at the pre Black Friday ads by major retail companies and their pushing of lay away plans. If they weren’t concerned, they wouldn’t be spending a ton of TV ad money on pre Black Friday ads and Christmas lay away plans.


16 posted on 11/05/2013 9:16:05 AM PST by Grampa Dave ( "With Obamascare you can die for your country without leaving home.")
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To: SoFloFreeper

She should read this:

Ludwig von Mises, SOCIALISM

This is the classic refutation.

http://library.mises.org/books/Ludwig%20von%20Mises/Socialism%20An%20Economic%20and%20Sociological%20Analysis.pdf


17 posted on 11/05/2013 9:18:28 AM PST by SC_Pete
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To: SoFloFreeper

Unexpected!


18 posted on 11/05/2013 9:19:33 AM PST by Bloodclot
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To: SoFloFreeper

For the Leftists “The Shutdown” has replaced “Bush”.


19 posted on 11/05/2013 9:20:22 AM PST by BlueStateRightist
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To: Windcatcher

You’re right.

Consumer confidence is dropping like a rock.


20 posted on 11/05/2013 9:20:57 AM PST by laplata (Liberals don't get it .... their minds are diseased.)
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