Presidential Race Maps Writing on the Wall

Consumer Confidence Index: Electoral Doom For The President?

Posted Oct 17, 2011 at 1:28 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. 

Majority of American Voters Say They Are Worse Off

Posted Dec 15, 2010 at 12:35 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.

Consumer Confidence Falls To New Low

Posted Aug 11, 2010 at 1:54 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%."


Democrats More Confident About Economy Than Republicans Or Independents

Posted Mar 04, 2010 at 1:38 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."

Rasmussen: Consumer Confidence Continues To Lag

Posted Dec 11, 2009 at 1:38 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."

Consumer Confidence Up +19% Since The Beginning of 2009

Posted Aug 17, 2009 at 2:03 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.

Americans Remain Anxious About The Economy

Posted Jun 16, 2009 at 1:40 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"

Consumer, Investment Confidence Again Fall To Record Lows

Posted Feb 23, 2009 at 1:15 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."

Consumer Confidence Falls To Record Low

Posted Feb 02, 2009 at 1:21 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." 

Rasmussen: Consumer Confidence Drops To Near Record Low

Posted Nov 24, 2008 at 2:00 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."