The Obama Boom myth continues to unravel before our eyes. Consumer confidence fell in June. Despite lowering gas prices, wages are still stagnant. No raises, mean no chance of improving your economic conditions. Once again, this report was worse than expected.
U.S. consumer confidence fell in June to the lowest point since November 2010 on concerns about the slack labor market and sputtering recovery, according to a Conference Board report released Tuesday.
[….]
Consumers’ assessment of the labor market became more pessimistic. The “jobs hard to get” index rose to 43.8 percent from 43.5 percent, revised down from 43.9 percent the month before, while the “jobs plentiful” index fell to 5.2 percent from 5.7 percent, revised from 5.6 percent.
The American public doesn’t buy the media’s lies of a great economy. They see with their own eyes the stagnation of America’s economy.
Tags: Obama Boom, Stagflation
