Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Consumer Sentiment Rises Unexpectedly to 5-Year High <<Drink!>>
CNBC.com ^ | 10/12/2012 | Reuters

Posted on 10/12/2012 7:57:17 AM PDT by mykroar

U.S. consumer sentiment unexpectedly rose to its highest level in five years in October as consumers became more optimistic about the overall economy in a possible boost to President Obama's reelection hopes next month.

The Thomson Reuters/University of Michigan's preliminary October reading on the overall index on consumer sentiment came in at 83.1, up from 78.3 the month before, and the highest since September 2007, the survey showed on Friday.

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


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: business; consumer; sentiment; unexpected
in a possible boost to President Obama's reelection hopes next month.

Or more possible, maybe people are hoping that Romney/Ryan will win and get us out of this economic disaster. (If I want to believe the numbers at all - which is a different question altogether).

1 posted on 10/12/2012 7:57:21 AM PDT by mykroar
[ Post Reply | Private Reply | View Replies]

To: mykroar

imo, people sense romney win


2 posted on 10/12/2012 7:59:29 AM PDT by Ravi
[ Post Reply | Private Reply | To 1 | View Replies]

To: mykroar

Exactly! We are getting out of this hell hole in a few weeks!


3 posted on 10/12/2012 8:00:09 AM PDT by Michigander222
[ Post Reply | Private Reply | To 1 | View Replies]

To: mykroar

This has been predicted for years by Rush and others. They will magically make all the numbers appear to jumping in the right direction just before the election. When in reality “We the People” know the truth.


4 posted on 10/12/2012 8:00:23 AM PDT by Snuph ("give me Liberty...")
[ Post Reply | Private Reply | To 1 | View Replies]

To: mykroar

Obama, et al, doing what they do best....

** LIE **


5 posted on 10/12/2012 8:05:29 AM PDT by EagleUSA
[ Post Reply | Private Reply | To 1 | View Replies]

To: mykroar

Exactly.


6 posted on 10/12/2012 8:07:54 AM PDT by 9YearLurker
[ Post Reply | Private Reply | To 1 | View Replies]

To: mykroar

At the bottom of the article it talks about how the prices of energy and food are through the roof. And yet, consumers are thrilled with the direction of the economy? Right! This is pravda stuff.


7 posted on 10/12/2012 8:09:17 AM PDT by nhwingut (Sarah Palin 12... No One Else)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Michigander222

“Exactly! We are getting out of this hell hole in a few weeks!”

In a manner of speaking, I suppose.

Good ol’ Saddam burned every well possible on HIS way out.

Another wounded vindictive Hussein is likely to inflict as much damage as possible until 1/20/2013 to his mortal enemy the United States.


8 posted on 10/12/2012 8:13:27 AM PDT by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
[ Post Reply | Private Reply | To 3 | View Replies]

To: treetopsandroofs

Yes it is scary that this man leaving office knows so much....gotta change the combination on the safe and the locks on the doors.


9 posted on 10/12/2012 8:16:18 AM PDT by Michigander222
[ Post Reply | Private Reply | To 8 | View Replies]

To: mykroar
Sounds like a bunch of Malarky to me.
10 posted on 10/12/2012 8:16:36 AM PDT by PDMiller
[ Post Reply | Private Reply | To 1 | View Replies]

To: mykroar

Rooters.


11 posted on 10/12/2012 8:21:29 AM PDT by skeeter
[ Post Reply | Private Reply | To 1 | View Replies]

To: mykroar
...in a possible boost to President Obama's reelection hopes next month.

I've seen this line a lot since Obama's debate disaster, it's as if the reporters are hoping if they say it enough, it might become a self fulfilling prophecy and that this story MIGHT finally be the one that convinces the voters that the awful economy really isn't that awful.

12 posted on 10/12/2012 8:25:11 AM PDT by apillar
[ Post Reply | Private Reply | To 1 | View Replies]

To: mykroar

Yes, I think sentiment may be rising because consumers know they are going to fire Obamugabe soon.


13 posted on 10/12/2012 8:47:07 AM PDT by SoFloFreeper
[ Post Reply | Private Reply | To 1 | View Replies]

To: mykroar
Or more possible, maybe people are hoping that Romney/Ryan will win

Ding! Give that man a cigar!

14 posted on 10/12/2012 9:08:39 AM PDT by SampleMan (Feral Humans are the refuse of socialism.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mykroar

Is it possible that only government employees are being polled?


15 posted on 10/12/2012 9:34:31 AM PDT by killermosquito (Buffalo, Detroit (and eventually France) is what you get when liberalism runs its course.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mykroar
Unlike the B(L)S numbers, I believe these numbers are real. Consumer sentiment began improving “unexpectedly” right after Obama bombed in the debates and the poll numbers looked better for Romney. Honestly, I am feeling much more confident about the future of the economy myself. In fact, I expect the economy to take off as $1.4 trilling is pumped into the economy (cash sitting on the sidelines right now) sometime shortly after November 7 if Obama loses. It would be a bigger economic stimulus than Obama’s without borrowing it from China. However, if Obama wins the bottom will fall out.
16 posted on 10/12/2012 10:55:38 AM PDT by Armando Guerra
[ Post Reply | Private Reply | To 1 | View Replies]

To: Armando Guerra

trilling -> trillion. Spell check doesn’t always catch these things.


17 posted on 10/12/2012 10:59:30 AM PDT by Armando Guerra
[ Post Reply | Private Reply | To 16 | View Replies]

To: Armando Guerra

trilling -> trillion. Spell check doesn’t always catch these things.


18 posted on 10/12/2012 10:59:46 AM PDT by Armando Guerra
[ Post Reply | Private Reply | To 16 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson