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Omaha Steve

(98,875 posts)
Tue Jun 24, 2014, 01:43 PM Jun 2014

US consumer confidence reaches a 6-year high

Source: AP-EXCITE

By PAUL WISEMAN

WASHINGTON (AP) — U.S. consumers are more confident about the economy than they have been in more than six years.

The Conference Board's confidence index rose to 85.2 this month from a revised 82.2 in May, the private research group said Tuesday. The June figure is the highest since January 2008, a month after the Great Recession officially began.

More Americans are optimistic about business conditions and the outlook for jobs, though fewer expect their incomes will grow over the next six months.

"Still, the momentum going forward remains quite positive," Lynn Franco, a Conference Board economist, said.

FULL story at link.


Read more: http://apnews.excite.com/article/20140624/us-consumer-confidence-e527323273.html



Second LBN about the Obama economy getting better in the last hour. See this LBN post: http://www.democraticunderground.com/1014832515

Also see this: Why a grim US economic picture is brightening: http://apnews.excite.com/article/20140624/us--economy-rebound-d8b412d8e0.html



In this June 17, 2014 photo, a shopper looks at an item in the dairy section of a Kroger grocery store in Richardson, Texas. The Conference Board releases the Consumer Confidence Index for June on Tuesday, June 24, 2014. (AP Photo/LM Otero)
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Fred Sanders

(23,946 posts)
1. More great news to be quickly buried by the anti-Obama con media, routine email recycling and loss
Tue Jun 24, 2014, 01:46 PM
Jun 2014

is to be breathlessly covered instead.

Anyone around here notice who presided over the Great Recovery, slow and steady, from the Great Recession?

Fred Sanders

(23,946 posts)
6. 3% GDP quarterly growth versus very scary -9% plunge, 1st Q 2009, is a great recovery, if one was
Tue Jun 24, 2014, 02:43 PM
Jun 2014

to do some easy research for ones self.

theaocp

(4,218 posts)
9. I prefer those that issue the claim to provide
Tue Jun 24, 2014, 02:54 PM
Jun 2014

their own balance, thanks. It allows for less misinterpretation. How was the growth divided up over the recovering society?

 

bradla

(89 posts)
2. The american public is saying the improving economy has nothing to do with Obama's policies.
Tue Jun 24, 2014, 01:52 PM
Jun 2014

They are not giving him credit. In fact, his approval on the economy is still in the toilet. On this board, I hear how bad the economy is. He has disappointed many liberals.

I will say this, I believe the cities that raised the minimum wage were prodded along some by the president. No, I am not saying that all of the cities were. I do not think it is a mystery that when he started pushing for a raise in minimum wage that some cities moved forward themselves. I do believe that is helping the economy.

 

fasttense

(17,301 posts)
10. The board that does the confidence index is made up of the Chamber of Commerce and fortune 500 corps
Tue Jun 24, 2014, 03:05 PM
Jun 2014

It is NOT regulated or controlled by the US government.

And this is from Wikipedia:

"The organization was founded in 1916 as the National Industrial Conference Board (NICB). At the time, tensions between labor and management in the United States were seen as potentially explosive in the wake of the Triangle Shirtwaist Factory fire in 1911 and the Ludlow Massacre in 1914. In 1915 presidents of twelve major corporations in the United States and six leading industry associations met in Yama, New York to formulate the business community’s response to continued labor unrest and growing public criticism.

After additional crisis meetings, the National Industrial Conference Board was officially founded May 5, 1916, at the Hotel Gramatan in Bronxville, New York. Although many of the organizations’ founders—including former AT&T president Frederick P. Fish and General Electric executive Magnus W. Alexander, its first president—had supported the open-shop movement,"

Now do you think they may rig the numbers like they have rigged sooooo much already? Do NOT trust them.

I would really like to see the actual names of the families that took the survey because they must be on something.

elleng

(129,800 posts)
11. Which is why the Dow is down 126 points now!
Tue Jun 24, 2014, 03:42 PM
Jun 2014

S.&P. 500
1,948.82
–13.79
–0.70%
Dow
16,811.00
–126.26
–0.75%
Nasdaq
4,344.91
–23.77
–0.54%

PERFECT!

TwilightGardener

(46,416 posts)
13. This is impossible because Bill Schneider (yes, he's still alive, I had no idea)
Tue Jun 24, 2014, 06:57 PM
Jun 2014

used the word "malaise" against Obama today in a Reuters article. And suggested that Hillary Clinton will make it all better.

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