Obamunism! Confidence Drops Like a Rock

From Gallup:

Americans’ economic confidence plunged to -53 in the week ending Aug. 7, a level not seen since the recession days of March 2009. This deterioration coincided with the final wrangling over the U.S. debt ceiling and Standard and Poor’s downgrade of the United States’ debt rating. Economic confidence is now far worse than the -43 of two weeks ago and the -34 of a month ago.

The 429 point gain by the Dow was the theater of the absurd…and it’ll be back down soon because, let’s face it, the Fed keeping interest rates as near zero for two more years is an admission that the recession will last at least two more years.  The people are right about this – the economy is bad, and getting worse.

5 thoughts on “Obamunism! Confidence Drops Like a Rock

  1. neocon1's avatar neocon1 August 10, 2011 / 2:28 pm

    barry Obomanation, has sunk the economy, presided over the loss of the entire ME, one of the largest crashes of the stock market, the largest deficit in the history of the nation, huge increases in national debt, 10++ real unemployment figures, massive layoffs, rise in union thuggary, rise in racist flash mobs, the largest collection of marxist commies and leftists ever assembled in America politics.The destruction of our coal industry, the destruction of our oil industry, the destruction of our auto industry.

    ole jimmah must be jealous and stalin and may rolling in their graves as a skinny kenyan out does them.

    • neocon1's avatar neocon1 August 10, 2011 / 3:34 pm

      Ties Record Low Approval — 40%…

      Highest approval among Muslims…

      WRONG TRACK: 73%…
      Highest Since Inauguration…

      Obama Marks Ramadan with Iftar dinner…

      abomination of desolation in the white house.

  2. James0601's avatar thomasg0102 August 10, 2011 / 9:19 pm

    neoconehead,

    no surprise, but your “post” is filled with lies and half truths. ill do this ONE time as a favor to you and your ilk. point by point. and next time, please educate yourself.

    barry Obomanation, has sunk the economy

    correction, he INHERITED a bad economy and has tried to revive it.

    presided over the loss of the entire ME

    really? hmm…I could have sworn we want nations to be free of despots and people to overthrow oppressive regimes. I guess you wanted the dictator in Yemen and Egypt to stay because they were Israel’s friends right? Damn the people who are oppressed, after all, they are eeeviiiilllll in your eyes.

    one of the largest crashes of the stock market

    do yourself a favor doofus, and look up the stock market on Jan 21, 2009 compared to today. Let’s see if the market has really “collapsed”

    the largest deficit in the history of the nation

    as a percentage of GDP, that’s simply factually incorrect. you’re welcome.

    huge increases in national debt

    Have you seen what investors have been running toward the past few days?? US bonds…and you know why old man? because they are as SAFE as Gold, and they give a good return compared to the rest of the world. again, you’re welcome.

    10++ real unemployment figures, massive layoffs

    This is a funny one, I could have sworn real unemployment was 9.1%. I don’t remember you or anyone other conservative talking about “real unemployment” when Bush was President…only now. Oh, silly me, I am sure it was completely honest right?

    rise in union thuggery

    that’s a classic one. just like there is a rise in right wing criminals going on rampages and threatening minorities?

    rise in racist flash mobs

    Ha! talk about paranoia and fear of minorities. You are a child of the 60’s segregated school system and social system aren’t you? loser.

    the largest collection of marxist commies and leftists ever assembled in America politics.

    hey, old-timer, this ain’t the 50’s and the commies aren’t out to get you! crawl out from underneath your rock and start seeing reality. again, you’re welcome.

    The destruction of our coal industry

    really? you got any evidence of this….or was this one of those email you get and “only” copy and paste here. And when you’re called out on it, you deny you believe these things and just are relaying the message! man up fake marine. own up to your beliefs.

    the destruction of our oil industry, the destruction of our auto industry.

    Really? Last I checked, Shell is drilling in Alaska, the gulf is booming with rigs and Texas has gained jobs due to the oil sector….hmm…Exxon is making record profits, Chevron as well and BP is back on it’s feet and drilling…..are you drunk?

    The car industry? Ford is still alive and well, GM was saved and is doing good and so is everyone else. Again, stop drinking and sober up.

    idiot.

  3. Green Mountain Boy's avatar Green Mountain Boy August 10, 2011 / 10:10 pm

    Viva! Viva wilma McCheeseburger. Viva!!!

  4. tiredoflibbs's avatar tiredoflibbs August 12, 2011 / 12:10 pm

    CONSUMER CONFIDENCE CRASHES

    Confidence among U.S. consumers plunged in August to the lowest level since May 1980, adding to concern that weak employment gains and volatility in the stock market will prompt households to retrench.

    http://www.bloomberg.com/news/2011-08-12/u-s-consumer-sentiment-falls-more-than-expected-to-54-9-in-michigan-index.html

    Carter is doing cart-wheels. No longer is he the worst pResident in modern history.

    Tommy-boy posts the usual dumbed down talking points “it’s everyone’s fault but the man in charge”.

    Pathetic.

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