U.S. Consumer Sentiment Sinks in Early December

FoxBusiness.com ^ | 12/7/2012 | Reuters

[mykroar]

Americans' outlook on the economy and their finances took a turn for the worse in early December due likely to anxiety about the potential for higher taxes resulting from contentious discussions in Washington over fiscal issues, a survey released on Friday showed.

The Thomson Reuters/University of Michigan's preliminary reading of the overall index on consumer sentiment plunged to 74.5 in early December, the lowest level since August.

It was far below November's figure of 82.7 and the median forecast of 82.4 among economists polled by Reuters.

[mykroar]

Fits right in with the bogus UE report. /sarc

Fits even better with the report from a week ago: Consumer Confidence Hits Highest Level Since February '08

Read more: http://www.foxbusiness.com/economy/2012/11/27/consumer-confidence-hits-highest-level-since-february-08/#ixzz2ENcVA6qG

[whitedog57]

Is anyone surprised?

http://confoundedinterest.wordpress.com/2012/12/07/unemployment-and-labor-force-participation-drop-before-the-fiscal-cliff/

[sickoflibs]

Pass those middle class <$250K income tax cuts and send them to the Senate and make it sound like YOUR idea(ignoring O) , or YOU congressional Republicans will take ownership of this slowdown for sure, just as you been doing for the past two years.

Here's what the Republican House must do on taxes right now, and what will happen if they don't(SOL | 12/7/12 | sickoflibs )

[LibLieSlayer]

Never in our entire History has the federal government been more evil or corrupt. The truth is that the federal government does not have the truth in them.

LLS

[scooby321]

In a time of universal deceit - telling the truth is a revolutionary act.
George Orwell

[central_va]

I disagree, the Lincoln Administration was the most evil thing that ever happened, followed by the Grant administration then the Obama Administration. They are third but they are trying hard....

[LibLieSlayer]

Yeah... well you are correct but obama has 4 more years and he isthisclose to breaking the record.

LLS

[rockrr]

All of which pale compared to the davis regime...