Consumer Confidence Falls To Record Low
Posted Feb 02, 2009 at 9:21 AM by Maurice Berger
In a red flag for the Obama administration, consumer confidence has fallen to an all-time record low. The Rasmussen Consumer Index, which measures the "economic confidence of consumers on a daily basis, fell for the ninth-time in eleven days and is now at the lowest level ever recorded. Consumer confidence had shown signs of improving earlier in January and around the time of President Barack Obama’s inauguration, but the continuing drumbeat of economic news has taken hold and driven confidence back down once again. At 56.7, the Consumer Index is down three points over the past week and down ten points over the past three months."
