The mainstream press is going to have to create a crisis to scare Americans back to watching TV and listening to the radio...05 May 2006
Gasoline increases will take a little while to sink in. I'm guessing they are doing so now and people will start to cutback their spending. Economic slow to follow. This could be a disaster come November/
Consumer Confidence Hits 4-Year High
Consumers shrugged off higher gasoline prices in April and sent a widely watched barometer of consumer confidence to its highest level in almost four years. The New York-based Conference Board said that its consumer confidence index rose to 109.6, up from a revised 107.5 in March. April's reading was the highest since the index touched 110.3 in May 2002.
Consumer confidence buoyed by a robust economy and plentiful employment opportunities has confounded Democratic strategists. "There is no justification for this confidence," said Howard Dean, chairman of the Democratic National Committee. "It is in direct contradiction to our message that this is the worst economy in U.S. history."
Dean went on to blame Republican initiated tax cuts for a "false sense confidence." "This can't really be happening," said Dean. "The Republican claim that letting taxpayers keep more of their earnings stimulates them to work harder and invest more conflicts with everything I know about economics. Rising incomes are luring consumers into a false sense of confidence."
Dean says the DNC will get things turned around. "We are stepping up our criticism," said Dean. "By election day, we think voters will be ready to punish Republicans for a disastrous economy even if statistics stubbornly continue to indicate economic prosperity."
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