August1991 Posted April 17, 2009 Report Posted April 17, 2009 The Reuters/University of Michigan preliminary index of consumer sentiment rose to 61.9, the second straight gain, from 57.3 in March. The index reached a three-decade low of 55.3 in November. Today’s report reflects signs that the longest U.S. recession in the postwar era may be easing. An improvement in confidence may help temper the slide in consumer spending, which accounts for 70 percent of the economy, and boosts the odds that the economic slump will end this year. “The darkest phase of the recession is behind us, according to consumers,” said Jonathan Basile, an economist at Credit Suisse Holdings Inc. in New York, who had the closest forecast for the sentiment index in a Bloomberg News survey. The April level is still “very consistent with a sluggish consumer profile” and a full economic recovery is “not under foot right now.” BloombergI know that Americans are optimists by nature, and I also recognize that Obama ran on a slogan of Hope and Change so I imagine that many Americans hope that the economy will improve. But OTOH, the economic news is bad and arguably getting worse. So, why is confidence among Americans rising? Are they delusional? Quote
Oleg Bach Posted April 17, 2009 Report Posted April 17, 2009 Americans are so confident when dealing with the rest of the world because they have been programed and dummied down to believe they exist and the rest are a fantacy. Quote
bush_cheney2004 Posted April 17, 2009 Report Posted April 17, 2009 ....But OTOH, the economic news is bad and arguably getting worse. So, why is confidence among Americans rising? Are they delusional? I think you answered this question in another thread some time ago. Americans are confident because they know there is nobody else to run to for help, unlike other nations. That and completing the Panama Canal ! Quote Economics trumps Virtue.
M.Dancer Posted April 17, 2009 Report Posted April 17, 2009 Come on! don't you watch the coomercials? They're confident because they can get the best anti perpersperants, mouthwash, , tampons and mini pads any where... Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
bush_cheney2004 Posted April 17, 2009 Report Posted April 17, 2009 Come on! don't you watch the coomercials? They're confident because they can get the best anti perpersperants, mouthwash, , tampons and mini pads any where... Lotta truth in that. I use to send care packages to my sister in Rwanda and the number one item requested was Charmin toilet paper. And that probably came from Canada. Quote Economics trumps Virtue.
Borg Posted April 20, 2009 Report Posted April 20, 2009 They have over come many troubles and see more ahead - they believe they will over come those new troubles as well People are still fighting to get IN TO the U.S. of A. That says it all Borg Quote
Metal Jam Posted April 21, 2009 Report Posted April 21, 2009 In response to the original post: 1. Obama's campaigning about hope and change was brilliantly persuasive, especially to the less educated 2.) Millions of Americans are convinced that government intervention will translate into an improved quality of life 3.) Some people still watch NBC ....and think they're ingesting truth. Quote
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