Consumer Confidence Up…

1:48 pm EST May 26th, 2009 | News | 17 Comments

So clearly not enough people understand the communism of President Obama.

Consumer confidence extended its rebound in May, soaring to the highest level since last September as more shoppers are feeling the worst of the recession is behind them.

The Conference Board said Tuesday that its Consumer Confidence Index, which had dramatically increased in April, zoomed past economists’ expectations to 54.9 from a revised 40.8 in April. Economists surveyed by Thomson Reuters were expecting 42.3. In February, confidence levels had hit a new historic low of 25.3.

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17 Responses to “Consumer Confidence Up…”

  1. Eric the Political Hack says:
    May 26, 2009 at 3:47 pm

    Or maybe Barack HUSSEIN (very important to include the middle name, so you don’t forget he is a Muslim) Obama has brainwashed the American people into embracing Communism. In fact, this is probably just further evidence of the Obama propaganda machine and we are all gonna die and/or get free health care soon.

  2. SaveFarris says:
    May 26, 2009 at 4:12 pm

    So, you’d say we’ve “turned the corner” when it comes to the economy?

  3. durablend says:
    May 26, 2009 at 4:18 pm

    Thank god for those Bush tax cuts!

    right Farris?

  4. Duros62 says:
    May 26, 2009 at 4:56 pm

    Our cunning plan is wooooorking. Mwah ha haaaaaa!

  5. Oliver Willis says:
    May 26, 2009 at 5:26 pm

    All I’m saying is the signs are beginning to look positive. Unlike Bush in Iraq we won’t let rhetoric run ahead of facts.

  6. yo mama says:
    May 26, 2009 at 5:37 pm

    Off topic….since I think I heard someone say the blog owner is in the maryland area…..

    Going Galt?

    hmm…..

    http://online.wsj.com/article/SB124329282377252471.html

    Interesting.

  7. Oliver Willis says:
    May 26, 2009 at 6:43 pm

    And yet, the op-ed answers its own question

    No doubt the majority of that loss in millionaire filings results from the recession.

  8. Jay says:
    May 26, 2009 at 7:25 pm

    All I’m saying is the signs are beginning to look positive.

    What signs would those be exactly?

  9. yo mama says:
    May 26, 2009 at 7:55 pm

    And the other part where people are freaking leaving Maryland!

  10. Lonya says:
    May 26, 2009 at 8:00 pm

    “What signs would those be exactly?”

    Does my portfolio count?

    March 9: DJIA closed at 6547 and the Nasdaq closed at 1268

    Today: DJIA closed at 8473 and the Nasdaq closed at 1750

    What’s that about a 27% increase?

    Keep in mind that when the markets were in the doldrums in January, February and early March there was a lot of chatter about how the markets were reflecting accurately concern over that commie-pinko Muslim manchurian candidate. The market drop reflected a lack of consumer confidence in the bailout etc. Not only that – there was a lot of idle chatter about how the market was a bellweather, it was ahead of the economy. Worse was to come and it was all Obama’s unique brand of socialism and fascism.

    So now the markets over the last 10 weeks have been very stong.
    I expect now we’ll hear the internet economists (you know, they read Malkin on Markets or some such) declaim about the lack of linkage between consumer confidence (which is indicative of the willingness of consumers to spend rather than save), the markets and this administration’s policies.

  11. Quaker in a Basement says:
    May 26, 2009 at 8:05 pm

    What signs would those be exactly?

    Here’s a blog tip for you Jay. See all those words up there before the first comment? Up there is where OW writes stuff. If you check, you might find the answer to your question.

  12. Jaim says:
    May 26, 2009 at 8:14 pm

    Unemployment is still way too high for anybody’s liking.

    But it’s a start, and it’s a hell of a lot better than we’d be under a Palin administration.

  13. Oliver Willis says:
    May 26, 2009 at 10:29 pm

    Consumer confidence is up. Some economic forecasts see the recession ending by the end of the year. Unemployment is still WAY too high.

    But I think the real problem for conservatives like Jay is: If Barack Obama is popular when the economy is this bad, what’s in store if its okay or – God forbid – booming?

  14. Jaim says:
    May 27, 2009 at 12:06 am

    Here’s where the GOP was truly foolish. Whether the economy optimistically rebounded within 18 months, or whether it took longer, there was no way it was going to take longer than four years.

    Democratic campaign commercials for 2010, 2012, and 2014 write themselves — the GOP voted “no” on ending the Bush Recession. Why the hell would anyone ever vote for them again?

    S’beautiful. I’m getting all misty thinking of just how truly and deeply fucked the GOP is.

  15. Jaim says:
    May 27, 2009 at 5:59 am

    btw, where’s Dennis? Remember how he was giving hourly comments about how Obama’s performace was directly tied to the Dow?

    Sucks to be him.

  16. SaveFarris says:
    May 27, 2009 at 8:13 am

    there was no way it was going to take longer than four years.

    Unless, of course, it does.

  17. Duros62 says:
    May 27, 2009 at 6:11 pm

    Just imagine if John “Don’t know much about economics” McCain was in the White House.