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The Obama Boom: Consumer Confidence falls and New Home Sales Fall 7.1%

by Rodan ( 5 Comments › )
Filed under Business, Economy, Headlines at April 24th, 2012 - 1:53 pm

Obama approval ratings are still pretty high. Despite a poor economy, many Americans love this man and support him no matter what. Economic reality is another thing altogether. Consumer confidence declined in March to a reading of  69.2.

U.S. consumer confidence edged slightly lower in April, while Americans also reined in their inflation expectations after a surge in the previous month, according to a private sector report released on Tuesday.

The Conference Board, an industry group, said its index of consumer attitudes edged down to 69.2 from a downwardly revised 69.5 in March. Economists had expected a reading of 69.7, according to a Reuters poll

[....]

“Overall, consumers are more upbeat about the state of the economy, but they remain cautiously optimistic.”

Yup, people want to believe the economy is good because the Pharaoh has decreed it so.  Despite their personal situation, they still have not lost faith in Obama. A sad state of affairs in our nation.

In other Obama Boom news, Home sales plummet 7.1%. Job growth is anemic and wages are not increasing. This is slowing demand for new homes.
New U.S. single-family home sales dropped in March to their lowest level in four months, but the reading still beat analysts’ expectations as the government said sales in prior months were higher than initially thought.

The Commerce Department said on Tuesday sales slipped 7.1 percent to a seasonally adjusted 328,000-unit annual rate.

Home sales in February were revised higher to 353,000 units, the fastest pace since November 2009, up from the previously reported 313,000 units.

That’s right! 7.1% is better than expected! Up is down and down is up in the Obama boom. A bad economy and scandals have not dented Obama’s standing with voters. The cult of the American Pharaoh has a solid grip on this nation.

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5 Responses to “The Obama Boom: Consumer Confidence falls and New Home Sales Fall 7.1%”
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  1. 1 | April 24, 2012 2:31 pm

    These are the wages of the “cult of personality” -- no other president in the history of the Republic could have gotten away with this abysmal level of performance. We’re becoming a nation with the equivalent of “battered wife syndrome”; no matter how much we’re abused, we maintain a macabre loyalty the source of the abuse.

    We’ve come to the sad point where we have a president who’s opposition feels compelled to preface their argument with “I’m not a racist, but…..”, either overtly or by implication. The charge of racism has become more destructive than racism itself; it has uniquely empowered an otherwise unremarkable man and all but inoculated him from even mild criticism among a segment of the populace.


  2. 2 | April 24, 2012 2:35 pm

    @ MacDuff:

    Spot on!


  3. paw
    3 | April 24, 2012 2:50 pm

    The LAST and Final steps ~`In Removing Obama From Washington, are upon us.

    The Final Chapter of { OBAMA. } ~` His Terrorist Connections AND His WorldWide Co-Conspirators, have been REELED – in, Like Fish,

    on a Fishing line / Swallowing Hook, Line and Sinker.

    Deep Throating the entire Pole, up to the Steel Reel. All of Obama’s Corrupt Political Partners in Washington, have also been REELED

    in, like an OLD TIME Reel to Reel Movie PROjECTOR.

    THEIR eXposure has successfully been Framed and They are NOW `Seen {CAPTURED} UPON the Screen, eXposed and Snared in the

    VERY OWN TRAPS, that they Themselves had set for YOU- [ The Prey ] The American Citizens.

    These traitors, have FALLEN Head-Long, Down into the very SAME eXact Pits, that THEY themselves HAD dug for YOU, { the Game

    ]\ American Citizens.

    All of Obamas Corrupted Political Partners in Washington and Terrorist Connections and His Co-Conspirator WORLDWIDE, have been

    Snared / CAUGHT in the very Jaws that they had Sprung for YOU, The American Citizens.

    Their Ropes and Lines of DECEPTION, TREASON and FRAUD, that They had Drawn, Planted, eXtended and INTENDED to Hang and Trip

    Up YOUR Freedoms { YOU The American Patriots / Great Sons and Daughters of Liberity } These Ropes, Have ALL been Un Tied,

    Unravled and Unstrung.

    You MUST continue A Peaceful Resistance. You MUSt Maintain a POSITIVE, AGGRESSIVE, firm Focus on the Facts and Truth /\ as WE

    Stand by OUR convictions and NEVER Fall or Surrender to this mob of Traitors :

    In Fact, THE ONLY THING in America -- that was trully Needing`“ CHANGE ” ! Was Barry or Barack Hussein OR, .Soetoro

    OR….Obama the JR. l. or II. ………… HIMSELF. !

    Obama, has MADE every criminal CHANGE to his reality that is possible, to Disguise his NAME with many LIES and Forgeries, With

    multiple FAKE Social Security numbers for his entire adult life.

    ALL eXXXposed. ! ` And Americans are NOT Impressed with his Network of Degenerate Thieves, Terrorists and RIPP OFF SCAMMERS

    and Cons, all PARADING and Masquerading as Crack Heroes.

    Obama {the Fraud} Then HOPED and CHANGED himself into becoming the first CRACK HEAD President in History.

    Incorporating the criminal template / master-plan of his Entire Life, into CHANGE for the UNITED STATES Herself.

    The Model ? Was HIS very own Dispicable, Unethical, Cowardly and Dishonorable -- IMAGE.

    Barack Hussein Obama II ~( Who HATES American Values ) who is A ” SELF PROCLAIMED Religious and Political Enemy” ~0f ALL

    Responsible, Morally Conscious and HARD WORKING Americans.

    …The UN~CHANGEABLE, Cowardly, Fraud, has done His VERY BEST to Inspire His Degenerate MOb to VIOLENCE. LITERALLY, Saying

    ………To his supporters.Saying “Get ready for HAND-to-HAND Combat with your Fellow Americans ! !

    “I want all Americans to get in each others faces !– ^ Obama `Demands !

    “You bring a KNIFE to a fight pal, we’ll bring a GUN” – ! **

    THESE ARE OBAMAS very OWN WORDS.. “We talk To these folks…~ / so I know whose A*$ to KICK.“ALSO` Shouting THAT Republican

    victory would mean~“Hand to Hand combat” !

    ….PLEASE…. go Now !— To reXes, All NEW WebsiTe ^~ CLICK HERE http://obomlnation.webstarts.com/index.html

    Please stand For Loving Children and the USA. Respectfully and Thankfully, Thank you ALL for your Time.

    http://obomlnation.webstarts.com/index.html


  4. yenta-fada
    4 | April 24, 2012 4:14 pm

    @ paw:

    You’ve already said this. Please summarize and use regular print because readers here like to, if possible, know where links are coming from and who supports them.


  5. 5 | April 24, 2012 4:51 pm

    @ paw:

    I must say, that’s the most poorly written piece of rubbish I’ve seen in some time.


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