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(Talking Points Memo)   Consumer confidence at a 5 1/2 year high. THANKS OBAMA   (talkingpointsmemo.com) divider line 40
    More: Cool, Conference Board, MFR Inc., consumer confidence, wages  
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475 clicks; posted to Business » on 28 Aug 2013 at 9:43 AM (47 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



40 Comments   (+0 »)
   
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2013-08-28 08:33:03 AM
The debt ceiling fight will fix that.
 
2013-08-28 09:51:41 AM
You mean confidence in sohulizms
 
2013-08-28 09:52:15 AM

EvilEgg: The debt ceiling fight will fix that.


not if there's no fight.
 
2013-08-28 09:55:39 AM
But I was assured repeatedly that the economy was hopelessly in the toilet because of Fartbama's Socialist Muslumisms, which has led to the most unemployments in all of history.
 
2013-08-28 09:58:05 AM
If you would go to the store then you would see that things like peanut butter are at an all time high.  You know an elitist like Obummer has never eaten something as American as peanut butter - invented by Skippy Jiff and Peter Pan in 1854.
 
2013-08-28 09:58:54 AM

EvilEgg: The debt ceiling fight will fix that.


Obama already said he is calling their bluff. They'll raise the debt ceiling and get nothing for it.
 
2013-08-28 09:59:13 AM
I'm curious who the hell they survey. I don't know anyone who thinks the economy is doing better. The only people I know spending lots of money are doing it with credit playing the inflation game. That said I sure hope this gets better soon. Presidents don't have shiat to do with recoveries or crashes. Smart fiscal policy can minimize some of the yo-yo effect but that hasn't happened since Clinton's first term and most of that was due to him cutting defense and intel spending to the bone.
 
2013-08-28 10:10:22 AM
Good economic news? That means Uncle Ben might take his foot off the gas.

Sell, Mortimer! Sell!
 
2013-08-28 10:23:03 AM

youmightberight: I'm curious who the hell they survey. I don't know anyone who thinks the economy is doing better. The only people I know spending lots of money are doing it with credit playing the inflation game. That said I sure hope this gets better soon. Presidents don't have shiat to do with recoveries or crashes. Smart fiscal policy can minimize some of the yo-yo effect but that hasn't happened since Clinton's first term and most of that was due to him cutting defense and intel spending to the bone.


Yeah, the bottom 40% was probably too busy working their 3rd part-time job to participate
 
2013-08-28 10:24:54 AM

youmightberight: I'm curious who the hell they survey. I don't know anyone who thinks the economy is doing better. The only people I know spending lots of money are doing it with credit playing the inflation game. That said I sure hope this gets better soon. Presidents don't have shiat to do with recoveries or crashes. Smart fiscal policy can minimize some of the yo-yo effect but that hasn't happened since Clinton's first term and most of that was due to him cutting defense and intel spending to the bone.


It's been picking up in my town. New businesses are springing up, and I've been seeing more people having work done on their houses.
 
2013-08-28 10:26:36 AM

youmightberight: I don't know anyone who thinks the economy is doing better. The only people I know


I don't know anyone who saw Avatar. Therefore it tanked at the box office.
 
2013-08-28 10:28:20 AM

youmightberight: I don't know anyone who thinks the economy is doing better.


Come out of the echo chamber.
 
2013-08-28 10:28:34 AM

youmightberight: I'm curious who the hell they survey. I don't know anyone who thinks the economy is doing better. The only people I know spending lots of money are doing it with credit playing the inflation game. That said I sure hope this gets better soon. Presidents don't have shiat to do with recoveries or crashes. Smart fiscal policy can minimize some of the yo-yo effect but that hasn't happened since Clinton's first term and most of that was due to him cutting defense and intel spending to the bone.


Its statistics, and anyone who knows anything about statistics knows that they can be manipulated to back any statement.
 
2013-08-28 10:30:15 AM
Unfortunately, most consumers are morons.
 
2013-08-28 10:36:54 AM
Ah, the Bush recovery is here. Right on schedule.
 
2013-08-28 10:43:09 AM

youmightberight: I'm curious who the hell they survey. I don't know anyone who thinks the economy is doing better. The only people I know spending lots of money are doing it with credit playing the inflation game. That said I sure hope this gets better soon. Presidents don't have shiat to do with recoveries or crashes. Smart fiscal policy can minimize some of the yo-yo effect but that hasn't happened since Clinton's first term and most of that was due to him cutting defense and intel spending to the bone.


Do you know anyone?
 
2013-08-28 10:48:48 AM

youmightberight: I'm curious who the hell they survey. I don't know anyone who thinks the economy is doing better. The only people I know spending lots of money are doing it with credit playing the inflation game. That said I sure hope this gets better soon. Presidents don't have shiat to do with recoveries or crashes. Smart fiscal policy can minimize some of the yo-yo effect but that hasn't happened since Clinton's first term and most of that was due to him cutting defense and intel spending to the bone.


The stock market and corporate profits are at an all time high.  So we all must be doing better or tickle down was a blatant lie.
 
2013-08-28 10:54:56 AM
5 1/2 years ago was 2008, the start of the financial collapse. When your time span starts off at zero, it's pretty easy to hit some high points.

I'm not saying he's doing a bad job. Quite the opposite. If it weren't for the asshole Republicans in office, we might have some REAL economic recovery and consumer confidence to look forward to.
 
2013-08-28 11:06:44 AM

Best Princess Celestia: youmightberight: I'm curious who the hell they survey. I don't know anyone who thinks the economy is doing better. The only people I know spending lots of money are doing it with credit playing the inflation game. That said I sure hope this gets better soon. Presidents don't have shiat to do with recoveries or crashes. Smart fiscal policy can minimize some of the yo-yo effect but that hasn't happened since Clinton's first term and most of that was due to him cutting defense and intel spending to the bone.

Its statistics, and anyone who knows anything about statistics knows that they can be manipulated to back any statement.


Not always, without flat out lying.
 
2013-08-28 11:17:17 AM

Best Princess Celestia: youmightberight: I'm curious who the hell they survey. I don't know anyone who thinks the economy is doing better. The only people I know spending lots of money are doing it with credit playing the inflation game. That said I sure hope this gets better soon. Presidents don't have shiat to do with recoveries or crashes. Smart fiscal policy can minimize some of the yo-yo effect but that hasn't happened since Clinton's first term and most of that was due to him cutting defense and intel spending to the bone.

Its statistics, and anyone who knows anything about statistics knows that they can be manipulated to back any statement.


Yup.  Just look at what Obama did to this same exact same poll.
static.seekingalpha.com
It went all the way down to the bottom right after Obama was inaugurated.  I think it's pretty obvious that statistics that suggest that Obama is NOT an incompetent empty-suit, are clearly biased.

Thank God that the sound economic footing we were placed upon by our last TRUE Commander-in-Chief, George W. Bush, has given Job Creators the confidence to soldier on for America.  Somewhere, an Eagle is shedding a tear with pride.

As you can see, reality can be manipulated to back any statement.
 
2013-08-28 11:17:48 AM
Stupid Subby. Everyone knows this is a residual effect of the Bush tax cuts.
 
2013-08-28 11:26:14 AM
Best Princess Celestia:

Its statistics, and anyone who knows anything about statistics knows that they can be manipulated to back any statement.

If a statistic is well defined, in a mathematical sense, then a statistic cannot be manipulated. It is a thing, just like a kilogram is a thing, and we can lie about what it is but we cannot change what it is.
In other words, you can be manipulated by a liar citing a statistic, if you are not willing to understand how the statistic is defined. But don't blame statistics for that. That's a personal problem.
 
2013-08-28 11:29:34 AM

abhorrent1: Stupid Subby. Everyone knows this is a residual effect of the Bush tax cuts.


Actually if you throw a dead cat really really hard onto the floor it will bounce.... Ya I think this is kinda like that.
 
2013-08-28 11:29:42 AM
The upcoming war in Syria will change that
 
2013-08-28 11:30:45 AM

rumpelstiltskin: Best Princess Celestia:

Its statistics, and anyone who knows anything about statistics knows that they can be manipulated to back any statement.

If a statistic is well defined, in a mathematical sense, then a statistic cannot be manipulated. It is a thing, just like a kilogram is a thing, and we can lie about what it is but we cannot change what it is.
In other words, you can be manipulated by a liar citing a statistic, if you are not willing to understand how the statistic is defined. But don't blame statistics for that. That's a personal problem.


Yep. Anyone who says, "well, statistics can just be manipulated," without explaining how it was manipulated, usually just doesn't like what the number suggests.
 
2013-08-28 11:43:10 AM
On a scale from 0 to undefined, rate your confidence as a consumer. Show your work.
 
2013-08-28 11:49:43 AM
If it's at a five and a half year high, then I guess it's back up to where it was when Obama first took office.  But I suppose the starting up on one end, going down and then back up on the other kind of makes a smile shape so at least there's that.
 
2013-08-28 11:59:27 AM
Just the calm before the Debt Ceiling Storm, sending the world economy into a free-fall yet again.
 
2013-08-28 12:03:12 PM

Mr. Eugenides: If it's at a five and a half year high, then I guess it's back up to where it was when Obama first took office.  But I suppose the starting up on one end, going down and then back up on the other kind of makes a smile shape so at least there's that.


Damn Obama and his time machine!
 
2013-08-28 12:06:45 PM

impaler: rumpelstiltskin: Best Princess Celestia:

Its statistics, and anyone who knows anything about statistics knows that they can be manipulated to back any statement.

If a statistic is well defined, in a mathematical sense, then a statistic cannot be manipulated. It is a thing, just like a kilogram is a thing, and we can lie about what it is but we cannot change what it is.
In other words, you can be manipulated by a liar citing a statistic, if you are not willing to understand how the statistic is defined. But don't blame statistics for that. That's a personal problem.

Yep. Anyone who says, "well, statistics can just be manipulated," without explaining how it was manipulated, usually just doesn't like what the number suggests.


or maybe they are just capable of critical thinking.

Anyone who says what you just said, usually just doesn't like what the other guy just said.
 
2013-08-28 12:08:13 PM

Lost Thought 00: Just the calm before the Debt Ceiling Storm, sending the world economy into a free-fall yet again.


Yeah, I heard that Jack Lew announced yesterday that mid October was the date current "extraordinary" measures won't work anymore requiring a default.

In other news, the US has been using extraordinary measures for a couple of months to avoid a default.

Sure would be nice if some of our elected officials would be a bit proactive and actually do something about the fiscal wall we're about to hit.
 
2013-08-28 12:16:08 PM

bopis: ep. Anyone who says, "well, statistics can just be manipulated," without explaining how it was manipulated, usually just doesn't like what the number suggests.

or maybe they are just capable of critical thinking.


If they were capable of critical thinking, they would explain how it was manipulated.

/You know how I know you're not capable of critical thinking?
 
2013-08-28 12:47:40 PM

bopis: or maybe they are just capable of critical thinking.


It takes more than critical thinking to be as wrong as you. It also takes ignorance. And probably more stupidity than can fit in a two quart sauce pan, but I can't be sure of that last ingredient without further measurement.
 
2013-08-28 01:43:47 PM
And this is where it'll backfire badly for the GOP. They've been screaming socialism for so long and now the economy is improving, people are approving more of Obamacare.. soon they'll be BEGGING for socialism.
 
2013-08-28 02:09:11 PM
Christmas will fix that
 
2013-08-28 04:48:20 PM

youmightberight: I'm curious who the hell they survey. I don't know anyone who thinks the economy is doing better. The only people I know spending lots of money are doing it with credit playing the inflation game. That said I sure hope this gets better soon. Presidents don't have shiat to do with recoveries or crashes. Smart fiscal policy can minimize some of the yo-yo effect but that hasn't happened since Clinton's first term and most of that was due to him cutting defense and intel spending to the bone.


In my 40 years I have seen two pretty strong, if anecdotal, indicators when things are improving. Temporary licence plates and new commercial construction. Seeing a lot of both around here.
 
2013-08-28 07:53:29 PM

Mr. Eugenides: If it's at a five and a half year high, then I guess it's back up to where it was when Obama first took office.  But I suppose the starting up on one end, going down and then back up on the other kind of makes a smile shape so at least there's that.


Hes been in office a little over four and a half years...
 
2013-08-28 08:43:02 PM
<--works for Playstation. Is eagerly smiling and nodding at this news. Come on holiday launch!
 
kab
2013-08-29 01:02:47 AM
Well sheeeeee-it, I better start buying stuff I don't need!   Everyone else is planning to!
 
2013-08-29 07:02:31 AM
It's because they know Obama is only going to be president for a couple more years, and because Mitt Romney keeps calling them at home with financial advice.
 
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