Both Consumer Confidence And The Labor Participation Rate Are At A 30 Year Low ... That's Not A Coincidence

Friday, August 12, 2011

A new poll from Thomson Reuters and University of Michigan shows that consumer confidence is the lowest its been for 30 years. http://www.reuters.com/article/2011/08/ ... ews&rpc=71

A new report from Wells Fargo Securities shows that the labor participation rate is also "at a 30-year low". http://www.realclearmarkets.com/blog/Em ... 5B1%5D.pdf

That's not a coincidence.

If people can't find work, they'll have no confidence in their ability to pay for the things they want or need, or in the economy as a whole.

The administration - despite its rhetoric - is doing nothing to decrease unemployment http://www.washingtonsblog.com/2011/08/ ... ulist.html (and see this), and is solely helping the super-rich at the expense of everyone else. http://www.vanityfair.com/society/featu ... ent-201105

Given this situation, it shouldn't be a huge surprise that:

• 73% of Americans think the country is headed in the wrong direction http://www.ipsos-na.com/news-polls/pres ... px?id=5301

• 79% are dissatisfied with the U.S. political system http://www.rawstory.com/rs/2011/08/10/p ... al-system/

• Only a small percentage think that the government is acting with the "consent of the governed" http://www.washingtonsblog.com/2011/08/ ... nt-is.html

http://www.washingtonsblog.com/2011/08/ ... labor.html