Consumer Confidence ‘Unexpectedly’ Declines

Posted by on Nov 26, 2013 at 12:55 pm

One would think after five years of economic misery under Obama these media clowns would lose the “unexpectedly” shtick. Next thing you’ll know they’ll tell us ObamaCare unexpectedly failed.

Confidence among U.S. consumers unexpectedly declined in November to a seven-month low as Americans grew more pessimistic about the labor-market outlook.

The Conference Board’s index fell to 70.4 from a revised 72.4 a month earlier that was stronger than initially estimated, the New York-based private research group said today. The median forecast in a Bloomberg survey of 78 economists called for a November reading of 72.6.

That was then, continued.

“The economy just has not performed very well this year and has been disappointing relative to what most people were hoping for and expecting through the course of the year,” said Stephen Stanley, chief economist at Pierpont Securities LLC in Stamford, Connecticut. “It’s one thing when you have one or two years into the recovery and things aren’t progressing in the job market, but here we are four-plus years in.” 

Maybe Obama should pivot again to the economy. Oh, wait.

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One Response to “Consumer Confidence ‘Unexpectedly’ Declines”

  1. Barack Obama on 26/26/13 at 8:18 pm

    Another speech by Me will turn this economy around. After all, I know more about the economy than the best economist.