Socialism has consequences.....
Posted on 06/29/2010 8:34:29 AM PDT by NormsRevenge
NEW YORK – Americans, worried about jobs and the sluggish economic recovery, are having a relapse in confidence, causing a widely watched index to tumble in June and raising concerns about consumer spending in the critical months ahead.
The Conference Board, a private research group based in New York, said Tuesday that its Consumer Confidence Index dropped almost 10 points to 52.9, down from the revised 62.7 in May. Economists surveyed by Thomson Reuters had been expecting the reading to dip slightly to 62.8.
June's reading marked the biggest drop since February, when the index fell 10 points. The index had risen for three straight months since then.
...
"Increasing uncertainty and apprehension about the future state of the economy and labor market, no doubt a result of the recent slowdown in job growth, are the primary reasons for the sharp reversal in confidence," said Lynn Franco, director of the Conference Board Consumer Research Center, in a statement. "Until the pace of job growth picks up, consumer confidence is notly likely to pick up."
(Excerpt) Read more at news.yahoo.com ...
Americans want Jobs, Not Beer Summits and Vanishing Acts, Mr. BiteMe and Obliviousama.
Talk is cheap and so is your lame rhetoric.
Was this Unexpected?
Yup.....I just went to the local lumber yard and hardware store, then went to Lowes, then went to Walmart. You could fire a canon in those places and never hit anyone. Resturants are empty also. People aren’t spending money right now. They are sitting back watching and listening.
The great magician has other plans for America... as he said... you want a revolution? I’ll give you one.
Yesterday he said, I keep my promises.
Its about the death and destruction of America.
Makes me want to think of Islams threats of Israel... that they will erase them from history....
Anyways heres to Obama’s new Amerika,,,the largest muslim nation today.
Listening for the Dem’s brass band playing “Happy Days Are Here Again.”
cricket noises...
cricket noises...
more cricket noises...
I fully expect to be taxed into oblivion next year if I still have my job why would I spend any money now.
The 0bama regime is all about uncertainty in the most tried and true methods of leftists without a clue on a power trip.
In before “Unexpectedly?”
A key issue is jobs. The Labor Department is expected to report on Friday that employers eliminated 110,000 jobs in June, and the jobless rate is expected to tick up slightly to 9.8 percent, from 9.7 percent in May, according to economists surveyed by Thomson Reuters. That follows a bleak report in May, which showed employers added 431,000 jobs but the vast majority were temporary census positions.
Unemployment GOING UP AGAIN...
Socialism has consequences.....
Bingo!!
The tax cuts will expire for the top two tiers on Jan1, 2011. The lower and middle will be extended for one more year. Then they will say see it cant be done then on Jan 1, 2012 the rest will expire. So I am already preparing. Paying down debt and “expanding my mattress” if you know what I mean to weather the storm. I am not confident bout Nov. or the future with these jack asses in office.
The tax cuts will expire for the top two tiers on Jan1, 2011. The lower and middle will be extended for one more year. Then they will say see it cant be done then on Jan 1, 2012 the rest will expire. So I am already preparing. Paying down debt and “expanding my mattress” if you know what I mean to weather the storm. I am not confident bout Nov. or the future with these jack asses in office.
The tax cuts will expire for the top two tiers on Jan1, 2011. The lower and middle will be extended for one more year. Then they will say see it cant be done then on Jan 1, 2012 the rest will expire. So I am already preparing. Paying down debt and “expanding my mattress” if you know what I mean to weather the storm. I am not confident bout Nov. or the future with these jack asses in office.
I hear you on paying down debt, and aggressively. The mattress and my savings account are getting about the same interest so the mattress is a pretty safe option currently.
Oh and my money is secured by Smith and Wesson
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