Tuesday, July 28, 2009

Consumer confidence falls ....Again

Obama is finding he just can't bullsh!t his way out of this.

NEW YORK (AP) -- Americans' confidence in the economy eroded further in July as worries about job security offset any enthusiasm about the resumed stock market rally that has helped bolster retirement accounts.

The souring outlook presents yet another obstacle for stores' critical back-to-school season.

The New York-based Conference Board said Tuesday that its Consumer Confidence Index, which retreated last month, fell to 46.6, down from 49.3 in June. Economists surveyed by Thomson Reuters were expecting a reading of 49. It would take a reading above 90 to signal that the economy is on solid footing.

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