Posted Oct 17, 2011 at 9:28 AM by Maurice Berger
In yet another indicator of an icreasingly difficult reelection race for the president in 2012, Mark McKinnon observes that "the average consumer confidence index when a president running for
reelection wins is 95. When they lose, it's 76. Today the number is
55." Still, the present-day economic situation is highly unusual in that most Americans continue to blame the bad economy on forces outside of Obama's control.
A just released survey by CBS News poll reports that 69% of Americans believe President Obama has not made real
progress in fixing the economy; 25% say he has made real
progress. Yet, on the question of who to blame for the shaky economy, most--22%--cited the Bush administration,
followed by Wall Street at 16%, Congress at 15% and then the Obama
administration at 12%. One in 10 said "all of the above. Will this perception help President Obama in his quest for reelection. PollTrack thinks it's too early to tell.
Tagged: Election 2012, 2011, economic crisis, economy, economic confidence index, consumer confidence, George W. Bush, President Barack Obama, Wall Street, US Congress
Posted Dec 15, 2010 at 8:35 AM by Maurice Berger
According to a new Bloomberg Poll , a majority of Americans--51%--say they are worse off now than they
were two years ago when President Obama took office, compared with 35% who say they're doing better. Bloombeg writes: "Americans have grown more downbeat about the country's
future in just the last couple of months, the poll shows. The pessimism
cuts across political parties and age groups, and is common to both
sexes. The negative sentiment may cast a pall over the holiday shopping season,
according to the poll. A plurality of those surveyed -- 46 percent --
expects to spend less this year than last; only 12 percent anticipate
spending more. Holiday sales rose by just under a half percent last year
after falling by almost 4 percent in 2008." Just as problematic for the Obama Administration: Two thirds
of voters now say the country is headed in the wrong direction.
Tagged: 2010, economic crisis, economy, consumer confidence
Posted Aug 11, 2010 at 9:54 AM by Maurice Berger
Further trouble for the Obama administration in the upcoming
midterm election: Rasmussen reports that "following release of Friday's government report on
unemployment and job creation, consumer and investor confidence has fallen to
the lowest level of 2010. Just 21% of Adults nationwide now believe the economy
is getting better. That's down from 30% on Friday morning. The number who
believe the economy is getting worse is now up to
54%."
Tagged: 2010, consumer confidence
Posted Mar 04, 2010 at 9:38 AM by Maurice Berger
According to a new Gallup survey, "Democrats were less negative than either independents or Republicans
about the economy in February, as has been the case since shortly after
President Barack Obama took office in early 2009. Democrats' -10
reading on Gallup's Economic Confidence Index in February compares to
-34 among independents and -44 among Republicans . . . Americans' views of the economy clearly reflect their political
orientation and can vary sharply, depending on which party controls the
White House. Republicans are most positive when there is a Republican
president. Democrats are the most positive when the president is a
Democrat."
Tagged: 2010, consumer confidence, Democratic Party, Independent Voters, Republican Party
Posted Dec 11, 2009 at 9:38 AM by Maurice Berger
Despite signs of economic recovery, "The Rasmussen Consumer Index, which measures the economic confidence of
consumers on a daily basis, held relatively steady at 71.8 on Saturday.
The index is down four points from two weeks ago and also down four
points from a month ago. Consumer confidence is now up 12 points from
the beginning of the year. Nationally, just 6% of adults rate the U.S. economy as good or
excellent. Fifty-eight percent (58%) give the economy a poor rating.
Among men, 8% give the economy a good or excellent rating, but 56% say
it's poor. Women are slightly less optimistic--6% rate it as good or
excellent, but 59% rate it as poor."
Tagged: 2009, economic crisis, economy, consumer confidence
Posted Aug 17, 2009 at 10:03 AM by Maurice Berger
In another sign that economic conditions may be improving in the United States, the Rasmussen Consumer Index, which measures the economic confidence of
consumers on a daily basis, reached its high for the year last Thursday. By Sunday, the Index was exactly where it was a week
ago and is up eleven points from one month ago. Consumer confidence is now up +19
points from the beginning of 2009.
Tagged: 2009, consumer confidence, economic crisis, economy
Posted Jun 16, 2009 at 9:40 AM by Maurice Berger
While PollTrack may be stating the obvious, Americabs remain very pessimistic about the economy, though they attitudes have taken an upturn since January. Rasmussen Report's "Consumer Index, which measures the economic confidence of consumers on a daily
basis, was up two points on Sunday to 71.8. The index is now down a point from a
week ago and down three points from one month ago. However, today's index is up
twelve points from its first reading of 2009 . . . Nationally, only 9% of adults rate the economy as good or
excellent, while 57% disagree and say the economy is poor. 30%
rate their personal finances as either good or excellent, while 24% rate their
personal finances as poor"
Tagged: 2009, Direction of Country, economic crisis, economy, consumer confidence
Posted Feb 23, 2009 at 9:15 AM by Maurice Berger
Americans are growing increasingly gloomy about the economic crisis and their ability to weather it: "The Rasmussen Consumer Index, which measures consumer
confidence on a daily basis, fell two points on Monday to 55.5. That’s the
lowest level of confidence ever recorded in the seven-year history of the
Consumer Index, and the fourth time a new low has been set this month.The Rasmussen Investor Index fell nearly four points on
Monday to 56.9, also a record low. For the Investor Index, the previous low had
been established in mid-December.
The drop for both has been fairly significant. The Consumer
Index has fallen eight points over the past month and 39 points over the past
year. The Investor Index has fallen nine points over the past month and 45
points over the past year."
Tagged: economic crisis, economy, consumer confidence
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."
Tagged: consumer confidence, President Barack Obama
Posted Nov 24, 2008 at 10:00 AM by Maurice Berger
One daunting problem facing the new president: consumers lagging confidence in the economy. According to a new survey--The Rasmussen Consumer Index, which measures the economic
confidence of consumers on a daily basis--this level has dropped another point on Monday and is
now less than a point above its all-time low. At 61.0, the Consumer Index is
little changed from a week ago, down eight points from a month ago, and down
thirty-eight points from the beginning of the year."
Tagged: PRESIDENT-ELECT Barack Obama, consumer confidence
