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The Wayback Machine - https://web.archive.org/web/20090719120614/http://xnerg.blogspot.com/2003/09/happy-end-of-september-from-bush.html

skippy the bush kangaroo

Tuesday, September 30, 2003

happy end of september from the bush economic team

consumer confidence fell faster and farther than robert novak's excuses last month, far below analysts' expecations. of course, those analysts actually have jobs. cnnmoney says:

the conference board, a business research group based in new york, said its closely watched index of consumer confidence fell to 76.8 from a revised 81.7 in august. that was much worse than economists' forecasts and the lowest reading since march, when consumers were worried about the u.s.-led campaign to take baghdad.

the lowest point since the "u.s.-led campaign to take baghdad"? how about "the lowest point since the war in iraq, which is still going on"?

we know awol loves to break those records, so here's another his administration can hang on the wall:

but their attitude about the economy has been shaky, as the labor market has been mired in its longest slump since world war ii. recent sentiment surveys by the university of michigan and abc/money have echoed the weakness in thursday's conference board report. [ed. note: emphasis and use of the the bold button, ours].

and, as forbes.com reports, the news did not help today's stock market:

stocks sagged on tuesday after reports on business activity in the midwest and u.s. consumer confidence fell well short of wall street's expectations and boosted fears the economic recovery may be in danger.

growth at chicago-area businesses slowed sharply in september while u.s. consumer confidence plunged to the lowest level since the start of the iraq war, two reports showed on tuesday shortly after the open.

that doesn't help the recovery at all.
posted by skippy at 3:02 PM |

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