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.
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.