|| By FITSNEWS || Bloomberg’s Consumer Comfort Index (CCI) is at its lowest level in eight weeks … and at its lowest level all year, if you live in the American South.
The index, which measures consumers’ comfort level on a scale of zero to 100, declined to 43.7 nationwide for the week ending on May 3. That’s the survey’s fourth consecutive weekly drop. In the South, the index slipped to 39.7 – its lowest reading of the year.
So yeah, about those lower gas prices stimulating a consumer renaissance … oops.
Americans views on the economy fell from 37.3 to 35.8, while the buying-climate index fell to a six-week low of 39.8 (down from 41.2).
Hmmm … no wonder those second quarter growth projections are looking so shaky.
Even those Americans’ making decent money – more than $100,000 a year – saw their comfort index dip from 73.7 to 71.9.
What’s the deal? It’s easy: The more government grows at the federal, state and local level … the less economic growth we’ll see. America’s economy hasn’t grown at an annual rate of three percent in ten years. It hasn’t hit four percent growth in fifteen years. And it hasn’t hit five percent growth in more than thirty years.
By contrast, growth exceeded five percent in twelve out of thirty years from 1950-1980. And it exceeded four percent in seventeen out of those thirty years.
We’ve said it before, we’ll say it again: Until our leaders reverse course and engage the free market – as opposed to additional wealth redistribution, crony capitalism, welfare statism and global interventionism – don’t expect anything to change. In fact expect things to get worse.
68 comments
I LOVE to see how you F*#king liberals – like FITS- go back 10 years to start lamenting poor economics…
I agree that the economy began to inch downward after the 2006 elections, in which the Democrats took over Congress…but it took a while…
And the BIG BIG, BIG F*#king decline has been under Barack Hussein Obama…
Unrelenting unemployment, much, much higher gas prices and energy prices for the last six-plus years and healthcare DISASTER…added to NOSEDIVING household incomes…ALL UNDER OBAMA…Not to mention the $9 trillion Obama burden in deficit….while accomplishing NOTHING but misery…
Now FITS plays this 10-year Bull-S#!t to shield his lord-god, anti-American, bitter, hatful ,BIGOT president…it should make any decent American want to kick FITS’ lying @$$….
FITS you are viewed as a coreless, discredited Dumb@$$,…because you play in w/ the rest of the media…perpetuating the MYTHS of the Democrat Party…instead of providing realistic, and insightful analysis…of what the F*#k is wrong w/ this nation..
F*#k You…you dangerous B@$t@*d…
Time for another Haldol. Maybe leave off the Thorazine, or cut it to 100 mg.
Seemed that it worked all day yesterday.
The 5-2-1 works just about every time…
Haha! Alberta has been taken over by the Social Democrats..say goodbye to that Keystone Pipeline initiative you Republicans thought you’re going to get.
We’ll get whatever we want after 2016. If we tell Canada to do it…they know the F*#k they better…No to mention you LOST in the UK…Dumb@$$…
No country wants more Obama-Liberals failure ruling them….
TL, you are not right in the head.
If that’s all you can contribute…just STFU…you make yourself look empty-headed…
Will – do you pray to the market every morning? Which direction do you face?
Best to face north from SC. The commodities manipulators are in DC and NYC.
I thought market speculators affecting Wall Street was a liberal myth???
… Congress told the SEC, investigating “insider trading”, to go pee up a rope. (drudge today)
The “ethics rules” forbid elected congress from the practice, so the greedheads tell a staffer, the staffer tells a lobbyist, the lobbyist places the bet and kicks back to the congress critter in the form of a “contribution” or donation to the congress critter’s foundation or favorite “charity” …
In the executive branch, it all gets handled like ala Hillary … a currency or gold manipulation, deposits made to Swiss bank accounts or into a “foundation”.
Headline: Wealth gap widens as more forced to rent…
Headline: Exit poll: Conservatives surprisingly strong in UK election
Other than the stock market, that is being propped up by Obama for his wealthy investor class pals…every conceivable indicator is F*#ked up…under Obama…
We either make a SHARP turn from this miserable disaster known as the Democrat Party…or America will continue to swirl down the toilet…and if Democrats are not totally REBUKED by a true, and determined Conservative LEADER….we’ll get flushed pretty soon…
We desperately need a Hero…I pray we get one in 2016…who will lead the Congress right…and clean up this filthy mess Obama and the Democrats have made of our nation….
Janet Yellen on why stocks might be overvalued – The …
http://www.washingtonpost.com/…/is-janet-yellen-right-that...
Once again you are correct.Rocky’s ‘overvalued’ market.
I am currently out of the office, enjoying a few days of vacation with my family and enjoying the Players Championship in Northeast Florida. Because of the expanding economy I will not be checking messages and have limited access to email. If you have a bitch of particular importance please contact Grand Tango of FC at http://www.fitsnews.com. I will attempt to check in during waits at lovely restaurants along the Florida Coast. PS – hey, they have Barbara Jeans here – cool.
LMAO…nice story Rocky..are you taking your 120 year-old mother-in-law that passed on Medicare so she could sign up for Obamacare?…and taking the children out of school for a vacation?
I would say shame on you if anything you have ever posted was the truth.
Have a great weekend. Oh my!!!!!
Thanks. Beautiful weather here. Sunny, mid 70s, course is awesome. Just had a great breakfast, and shazam – we’re here. Heard people at a breakfast place here talking about all their kids are out of school today. Traffic is a nightmare, but we’ll hit the beach later in the afternoon. I’ll check back at lunch – heard unemployment news was good. Sent from my iPhone.
More like the deal is that the economy as a whole is growing…just not for most people vis a vis their hip pocket. It’s being felt more by Wall Streeters, CEOs and shareholders.
You’re Full of BULL-S#!t if you think the economy is growing. You may the the most stupid F*#k on earth…
The country is on fire…chaos everywhere, w/ federal leaders who support very bad, dangerous and dysfunctional people.
People are struggling. Families are back-peddling, doing without, and wondering how to get by….
We are praying we can get through this nightmare, named Obama and the Democrat Party…and then begin to fix the total F*#king mess you’ve made…
You are one Ignorant MoFo if you think ANYTHING is improving. You sound like FITS…he’s p!$$#$ all over himself w/ glee when some government agency tells him how good it is…only to sulk down into a deep depression when it turns out the government was lying to FITS through its LEFTWING teeth….
Y’all are some foolish @$$ people…to believe what they feed you..and then try to push it as anything even close to reality…
Ugly words from an ugly man.
Yours are words of abject ignorance, from a D*#n fool…
So you’ll rip into somebody and personally attack them but won’t actually type proper curse words?
I don’t get it
No personal attacks. I just described you accurately. If you take it as a personal attack…you might better do a little self examination of your character…
Mofo means love does it?
yeah.. why *do* you obfuscate your filthy diatribes? Do you think God won’t be able to read them?
Capital ‘G’ in God? You must really be worried.Bad dream? lol
Why would you mock God?
He’s emulating the Sanhedrin, questioning your beliefs from his “throne”.
God will humble him.
Winner takes all economy means no more competition. The powers of the free market are emasculated and result in a classic downwards spiral due to less and less marginal costs. Karl had it right before his time, just dent see what Piketty figured out: capitalism was lucky fr a century. Now it’s ready to go on the heap of history -at least the unenlightened US style hype and hustle style capitalism. Europeans might find a third way…
Che was a murderer. That’s why I liked him.
I prefer “revolutionary” comrade.
Point of order Mr. Chairman, that would be Revolutionary Murderer.
It’s known as vulture capitalism…
‘rag’? Fits? I doubt very much Will cares about what a flaming socialist dipshit like you thinks about his blog.
Limbaugh however might care about ‘copyright’ laws.
WOW…look at the results of the Democrat Utopia promises….
Report: Only 16% of Baltimore Teens Raised With Married Parents
http://www.cnsnews.com/news/article/lauretta-brown/report-only-16-baltimore-teens-raised-married-parents
Any wonder????
We’ll just wait for the powers of the free market to change that, right?
It’s f..cks like you that get high on disaster pornography that are standing in the way of meaningful and progressive reforms. Go defend your trailer…
We’ve been saturated in your “meaningful and progressive reforms” since 1964…to the tune of $22 trillion…
And you just become more dependent, bitter and a disgrace to our country with each year we work so you can sit on your @$$, take…and B!t*h about us……
She wants your dick Big T.
Are you man enough to give it to her?
So the take-away is that Ronald Reagan destroyed the U.S. Economy starting in 1980.
Forgive my english. Here in Kazakhstan eminent Mr. Reagan is very much hero. Mr. Reagan did not start destruction of us economy until inauguration of 1981.
He did raise taxes after all….
Not all bad news
We are in a painfully so recovery. It has slightly picked up pace in the last 5 or six quarters. Fits reports obscure stats. I have never heard of the Bloomberg’s Consumer Comfort Index. He doesn’t report the most well known stats if they are good news. (I’m tired. This reads like it was written by a 9 year old.)
The most prominent stat released today was the weekly unemployment claims report. The number of insured unemployment claims seasonally adjusted (sa) this and last week are the lowest in 15 years at 265,000 and 262,000. The four week running average (sa) is the lowest since May 6, 2000, almost 15 years (this week’s file date is April 25th.)
The “seasonally adjusted insured unemployment during the week ending April 25 was 2,228,000, a decrease of 28,000 from the previous week’s revised level. This is the lowest level for insured unemployment since November 11, 2000 when it was 2,161,000. The previous week’s level was revised up 3,000 from 2,253,000 to 2,256,000. The 4-week moving average was 2,271,500, a decrease of 20,000 from the previous week’s revised average. This is the lowest level for this average since December 9, 2000.”
You neglected to account for the newest 10 Million meskins in the job market … which distorts all economic snooze including the “unemployment” numbers.
(These are actually counted in Taxifornia where black inner city youths’ unemployment is topping out at greater than 30% in Oakland, fur example.)
That is great news Thumper-over a half MILLION people filed first time unemployment claims in the last two weeks.
Great news.The economy is really roaring back. lol
Keep things in perspective fc. During those same two weeks, 100,000 Americans died.
How many Democrats?
Way to look on the bright side. I hope Obama does not see your contribution…he, and his media, will start publishing as proof that he is creating jobs in the “funeral services” industry…
The bright side is that Republicans have the Senate, House, more governorships and state legislatures.
What scares me, is that the liberals have the media…and the GOP is scared to be Republican, because of that…
Be it the broadcast news, print or government agency…ALL economic news is reported as upside “RECOVERY” ….The problem is we’ve been in RECOVERY for 6-plus years…and the average worker, or small business owner is scraping by…w/ no real juice in the machine…The RECOVERY is just a fairy tale…
The economy is about as bad as it can be w/o a total collapse, and following Depression.
And if we don’t get a competent supply-side president leading this nation…we’re continue to suffer….
When you have artificially inflated energy prices, because of the coal industry is being attacked, w/ an ignorance toward more oil drilling….gas prices are astronomical.
When the life’s blood of commerce is way over-inflated…it chokes off everything…all profit goes to pay off oil speculators who are raking in billions, while the shopkeeper starves, the sanitation worker is terminated and the waitress can’t find a job…
On top of that, healthcare was already ridiculously over-priced to pay for non-payers, who invest nothing into their health…but break the system at the ER for a cold…then Obamacare kicks in…
We may have the most IGNORANT (of economics and human nature) president in history…
Obama is also a bigot, race-hater, myth-jockey, appeaser to dangerous anti-semites…and pretty bitter @$$-hole…
God helps us….because we have given our country over to our enemies…and they are punishing us w/ all the harshness of their hateful ideology…
Mr. Tango, per your post, Obama is “a bigot, race-hater, myth-jockey, appeaser to dangerous anti-semites…and pretty bitter @$$-hole.” Yet as I read your post, I notice you say “most INGORANT” and “we have given our country over to our enemies” and “hateful ideology.” It would seem to many people, and I’m new to this site, that the “pretty bitter @$$hole” is in fact you.
You “MAY” be “NEW” to the site…but you’re just as flat-minded, cliched and predictable as all the Dumb@$$ liberals who have come before you…
You see, the typical leftwinger will take an eloquent, passionate, accurate and thoughtful post by me…and then attempt to use it as a description or definition, against me…
What you actually accomplish is: showing how simple, non-creative, inarticulate, lame and vapid you are….though you so want to have the skills I possess in demonstrating what you – and those you worship – are….
Glad I could get you up to speed…no thanks needed…
Per his post everyone hates everyone. Just ignore him. That is the only way to get him off the payroll and stop posting stupid comments.
Don’t confuse people with facts BT.
I don’t agree with everything Gov. Haley does, but I do agree with how they handled police brutality in SC …. so far.
I am also proud of the SC African-American community’s restraint and peaceful reaction.
I am also VERY proud of the way they have handled this. It is awful and my heart goes out to each and every family who has been affected. I feel for ones who have lost loved ones whether they are police or families, but the time is right for people to speak up. I read a great article about conservatives (which I have typically been one) that puts in perspective, posted below.
SC did the right thing. No community can heal without acknowledgement of a wrongdoing or even an apology. I thought when this first happened, I was a lone wolf fighting an uphill battle within my own party, only to realize there are other conservatives who feel the same way.
http://www.nationalreview.com/article/383312/its-time-conservatives-stop-defending-police-j-delgado
Scrippa pic yesterday and today we get Daisy Dukes with a Rebel flag…
Verily, TBG says unto y’all, “Life is good.”
true, but too much flag and not enough Daisy Dukes in this one.
“… The more government grows … the less economic growth we’ll see. …”
That FITS!
I’m still employed, living 4 miles form the ocean. Really, I could give a fuck about anybody else.
Think they’ll care if my world comes crashing down?
When are we going back to tits and ass?
I thought this was a libertarian site!
Max, thanks for returning —-
As if anyone noticed he was gone?
Shifty you certainly Shifty – but you are funny, I’ll grant you that ;)
Later — there will be something sweet for you under the tree.
I know who you are now. I appreciate your gift, but I must decline. I’ll still read your humor – you are funny!
consumer comfort index! man if that ain’t science what is? no really, what is science?
You guys can try to spin this as bad as you want to. I read the comments from GT and FC that are so full of shit it is laughable.
I know you don’t like hearing it, but the neocons of the Bush/Cheney administration just about wrecked the entire global economy. Obama has been able to spur a slow economic recovery inspite of the Republican’s all out efforts to thwart and block him.
Now the Republicans are loading up their clown car so fast with these wackos that they may as well just hand the election to Hillary.
Of course people in the South are unhappy. They live in states where the majority of the population is poor, stupid, and religious (although that’s redundant to “stupid”), with Republican governors and legislatures who ensure they stay that way. Praise Jebus!