Posted on 11/05/2013 8:49:24 AM PST by SoFloFreeper
Sixteen-point drop to -35 is sharpest in any month since Gallup Daily tracking began...
Americans' confidence in the U.S. economy sank for the month of October amid the partial U.S. government shutdown and partisan bickering over the federal debt limit.....
(Excerpt) Read more at gallup.com ...
| O S A M A - C A R E (just napping) |
Do you think not knowing what ObamaCare is going to cost (or do knowing what ObamaCare is going to cost) is going to drive Christmas spending down. Do you think Retail stores are going to think about this when they do their seasonal hiring?
This news is racist.
People found out in October that they are going to be without hundreds of dollars each month because Obamacare ain’t free. Even lotto sales will suffer.
Do you mean that recent college grads are starting at $100K+ for government jobs in DC?
I have almost all of his works. Human Action was another masterpiece. It convinced me that his intellect was equal to Einstein's. A true genius.
It was von Mises who opened Hayek's eyes to the Captialism.
A lot of other sales too. Folks who've just found out that that'll be paying $700/month for health insurance instead of the $350 a month they previously paid are far less likely to be shopping for a new set of wheels, taking expensive vacations, dining out three times a week, etc. Expect inventories at car dealerships to grow, occupancy rates at hotels to dip and restaurant sales as well and so on. All completely unexpected, of course. We'll be back in full-fledged recession by January or February 2014 (if indeed we ever left the last one). The only silver lining in this dark cloud: It may be enough to cause the scales to drop from the eyes of the LIV's who voted for the Moron-in-Chief and his Dem henchmen. Next November will be very ugly for the Dems.
With the abject failure of obamacare, maybe a majority now realizes that children are running the show. (We FReepers knew that since 2009.)
Doesn't this depend on the moxie of the "low information voters?"
Most of them are enjoying the bliss of Obama induced ignorance!!!
Next November will be very ugly for the Dems.
I agree if the Republicans don’t screw it up.
BTW, this Obamacare disaster might kill Immigration Reform.
“It’s Bush’s Fault”- Not this time.
Most of them are enjoying the bliss of Obama induced ignorance!!!
They’ve been dumbed down since way before Obama.
Obama was enjoying that ignorant bliss but this time he’s going to get bit on the azz.
This economy is literally a house of cards.
Not govt, govt contractors.
These aren’t chumps, they are Big 10 grads with Masters degrees.
I have most definitely cut back. I just found out I’m going to have to pay 957$ per month under ObamaCare.
I was planning a new car purchase this month, a fully loaded kia soul. Now thats out of the question.
And Obamacare is one big electric fan.
I suspect yes, just to what degree. Those knowingly effected by Obamacare (individual plans)will scale back. Of course that is a relatively small portion of the population. Over the next 4 weeks Employer based health plans will get released with the new rates, they certainly aren't going to be cheaper. So depending on that will determine how ugly Christmas spending will be.
“This economy is literally a house of cards”
Yep, the Fed is clueless and the Stock market at some point sooner than later will see a DOT Com / 2008 type correction. Of course the retail Investors will get hit the hardest, The Big Boys will survive if not get completely bailed out.
Yep...It’s coming...
And BTW, you’re correct about the big boys...The little ones are going to get beat like a drum.
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