Friday, February 10, 2012

Pain at the Pump


Confidence among U.S. consumers declined more than forecast in February from the highest level in almost a year as rising gasoline prices began to stress household budgets.

The Thomson Reuters/University of Michigan preliminary index of consumer sentiment dropped to 72.5 from 75 in January. The median estimate in a Bloomberg News survey called for 74.8. The gauge averaged 89 in the five years leading to the 18-month recession that ended in June 2009.

Told ya'. Like I said, the economy might look like it is getting better, but it's not feeling like it is getting better. Big difference. But the MSM will tout a putative Obama bump due to the economy, but it's thin gruel. Plus the polls they cite don't factor in the latest Obamacare flap over mandated contraception. Petty, religion-hating tyrant who can't deliver better economic times...Yes! Four More Years!! Not likely.


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