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The Obama Boom: Consumer Confidence plummets in May

by Phantom Ace ( 2 Comments › )
Filed under Economy, Headlines, unemployment at May 29th, 2012 - 11:36 am

The Greatest economic boom since the fall of General Seti’s fabled Global Nubian Empire 20,000 years ago is showing signs of trouble. Consumer confidence fell in May

Americans’ confidence in the economy fell in May to its lowest level in eight months as consumers fretted about slow hiring, a big stock market drop and the global economy, said a private research group.

The Conference Board says its Consumer Confidence Index now stands at 64.9, down from a revised 68.7 in April. Economists were expecting a reading of 70, according to a FactSet poll of analysts.

The media can one all they want but the truth is the economy sucks.

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