HOOVER: "Worst Economy since mine..."
Posted on 11/29/2005 7:09:00 AM PST by SoFloFreeper
NEW YORK (AP) -- A private research group says consumer confidence soared in November, beating analysts' expectations.
Gosh, more GOOD NEWS about the economy...along with a RECORD PACE of new home sales in October! Let's see if Katie Couric covers this tomorrow morning.
So you mean the economy ISN'T in the toilet like the MSM keeps trying to tell us?
If this keeps up the Dems are gonna wear out their crying towels.
HOOVER: "Worst Economy since mine..."
The economy is so totally cool right now. I've made eleventy-skadillion dollars lately. :o)
The administration had better start trumpeting this good news because every stupid poll keeps saying the public's approval for the economy is in the 30s. You gotta give credit to Clinton because every time good news came out about the economy, he'd be up at the podium with a chart talking about it.
The PR people for the White House have to get their act together.
But I just lost my job in a factory making bell bottoms when it shut down. And my cousin got cut when his factory making Zenith black-white televisions closed down.
B. Sales of existing U.S. homes drop 2.7% in October
Which is correct?
Existing homes vs. new home sales, I think.
You're in the wrong business, man. How can you live on only eleventy-skadillion??
ping
well that really blew my mind
both are correct.
Tax dodges.
Ah... Olive The Above. Thanks. : )
once again the "experts" are stunned.
MORE:
NEW YORK (AP)-- Consumer confidence soared in November as declining gasoline prices contributed to a stronger-than-expected reading just before the holiday shopping season.
The Conference Board reported Tuesday that its Consumer Confidence Index rose to 98.9, up from 85.2 in October. Analysts had expected a reading of 90. The better-than-expected results reversed a consecutive two-month decline.
"A decline of more than 40 cents in gasoline prices this month and the improving job outlook have combined to help restore consumers' confidence," said Lynn Franco, director of The Conference Board Consumer Research Center, in a statement.
"While the index remains below its pre-Katrina levels, the shock of the hurricanes and subsequent leap in gas prices has begun wearing off just in time for the holiday season," Franco said.
Still, she warned, the holiday spending will be fueled by the bargains consumers have come to expect.
One component of the report, which examines consumers' views of the current economic situation, rose to 114.0 from 107.8. The expectations index, which measures consumers' outlook over the next six months, surged to 88.8 from 70.1 last month.
It's the economy, stupid.
see post 18
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