Tuesday, September 6, 2011

Consumer Confidence

The official US govt index of consumer confidence has been sinking, with the steepest decline coming right after the Washington debt limit kerfuffle of a couple a weeks ago. NPR commented about this on the morning talk show. The gist of the radio piece was "Oh dear, those terrible Republicans, they got the consumers all upset and now they won't spend money and Great Depression 2.0 will never end."
The way I see it, the Republicans made the country, voters, consumers and even a few politicians realize that the US govt is broke and getting more broke every day. A fact the news media had been concealing from the public. There is now a chance to do something before the United States of America gets flushed down the same drain the Greeks are swirling down. Wising up the public is a good thing.

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