The Bloomberg Consumer Comfort Index slides to -41.9 from -39.7 the previous week. It's the...


The Bloomberg Consumer Comfort Index slides to -41.9 from -39.7 the previous week. It's the lowest read in 2 months. Current conditions fell to -74.4, the lowest since February. "The American public is downright sour on their own economic prospects and those of the nation as a whole."

Comments (26)
  • Zmartmoney
    , contributor
    Comments (1233) | Send Message
     
    It's their own fault. Personally, I've been planning for Obama's nasty little plan for our country and I've done alright, because I know who he really is. If he wins re-election, we're in for four more of way worse. Plan on it.
    9 Aug 2012, 10:30 AM Reply Like
  • mickmars
    , contributor
    Comments (1312) | Send Message
     
    But things were great under Bush because _________ and things will be significantly better under Romney because _______________.
    9 Aug 2012, 11:10 AM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    Under Bush because of 4 to 6 percent unemployment rate...and no bowing to kiss the ring finger of foreign leaders. Better under Romney because...at least , hopefully, the digging will stop. Now, your turn better under Barry because___________.
    9 Aug 2012, 11:40 AM Reply Like
  • StockTrader7
    , contributor
    Comments (22) | Send Message
     
    I am no fan of Bush, but as a business owner my companies were fine until Pelosi and friends got the gavel in January 2007. Cowardly Republicans and Bush could have and should have stopped the Fannie & Freddie nightmare that was seen on the horizon.

     

    While prospering under Bush we were able to hire more workers, bought an employee a used car to assist her and her 3 kids, sponsored teams/events/charities, and bought more for consumption.

     

    Now, under Obozo, no giving to charity, shopping at ALDI and Walmart, not eating out without coupons, laid off mostly younger workers with a sense of entitlement that I could afford to carry & tolerate beforehand. Also, unable to contribute to retirement or buy new clothes.

     

    There are numerous business owners like me that are "living the dream" under our community organizer all across the USA in all 57 states. I hear it at each roundtable and am glad the 18-25 year olds voted him in. They deserve it. He was cool after all since he smoked cigarettes and played basketball.
    9 Aug 2012, 12:16 PM Reply Like
  • enigmaman
    , contributor
    Comments (2868) | Send Message
     
    mickyboy- think man think, OK so lets say your right that things were really crappy under Bush for Americans and the economy, are you trying to tell me that you believe, really believe Obama has been and continues to take this country in the right direction, that Obama does accurately reflect what the American people want in and for America, that America is better off under the Obamatrocity

     

    Yes_____ No_____
    9 Aug 2012, 12:26 PM Reply Like
  • surfnspy
    , contributor
    Comments (406) | Send Message
     
    WTF? Bush hasn't been in office or heard from in almost 4 years.
    9 Aug 2012, 01:01 PM Reply Like
  • surfnspy
    , contributor
    Comments (406) | Send Message
     
    "laid off mostly younger workers with a sense of entitlement that I could afford to carry & tolerate beforehand"

     

    I almost spit coffee on my screen! Classic.
    9 Aug 2012, 01:02 PM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    Better under Barry because well, he's just such a good person... he's really sincere, and "he just get's it".... you know? I mean he's totally on the side of science, light, and... history. He really understands how everything works. He's totally got the big picture. And the right idea about America's place. He just knows, okay? And basically, he wants to help everybody. But noone is helping him. They just want to oppose everything good he tries to do and destroy him. But when we re-elect him for four more years, then he's really going to get the chance to do all the good things he wants and knows are best. That's why.
    9 Aug 2012, 01:05 PM Reply Like
  • Ray Lopez
    , contributor
    Comments (1821) | Send Message
     
    Under Bush the deficit increased by 3T, squandering a golden chance to balance the budget was occurred during Clinton, and we entered into costly 'nation building' wars that the nations themselves did not want. At least with Clinton whatever humanitarian wars were started were over quick and did not cost that many lives. See more: http://bit.ly/NMDgtY
    9 Aug 2012, 03:21 PM Reply Like
  • Ray Lopez
    , contributor
    Comments (1821) | Send Message
     
    Yeah well your business thrived during an era of cheap money. Anybody can make money during those times. The real test is if you can make money now.
    9 Aug 2012, 03:23 PM Reply Like
  • mickmars
    , contributor
    Comments (1312) | Send Message
     
    No, I am not suggesting that Obama is anything other than a total disaster, but the "It's all Obama's fault!" camp needs to educate themselves.

     

    Mitt Romney, at best, is a marginal improvement over Obama. Does anybody honestly believe that we won't see $1+ Trillion budget deficits under Romney as well?

     

    Bush was a complete failure, for spending trillions on useless foreign wars, then signing Medicare part D into law ($70 billion per year...unfunded) so the Dems would fund his freakin' wars. Expect Romney to do something similar in his quest to attack Iran.

     

    Turn the Rush Limbaugh off, take a step back, and think for yourselves. This is all bigger than Obama.
    9 Aug 2012, 03:53 PM Reply Like
  • mickmars
    , contributor
    Comments (1312) | Send Message
     
    Sean Hannity couldn't have said it better.
    9 Aug 2012, 04:00 PM Reply Like
  • enigmaman
    , contributor
    Comments (2868) | Send Message
     
    Mick you said " Mitt Romney, at best, is a marginal improvement over Obama"

     

    Thank you, so will vote for a marginal improvement over a disaster, correct. You may not agree with me but I assume you will agree with yourself

     

    Thank you
    9 Aug 2012, 06:08 PM Reply Like
  • mickmars
    , contributor
    Comments (1312) | Send Message
     
    As a conservative, I'm voting for the Libertarian candidate. It's the only way to lodge a protest vote.

     

    Vote for Romney and they'll just keep giving us McCain/Romney/Bush stooges.

     

    You sheep who voted for McCain last time were rewarded with Romney this time for your party loyalty.
    10 Aug 2012, 10:37 AM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    You're so right, totally the smart move. Make your vote count. Plus I'm sure the new administration will send you a nice thank you note. Winning!
    10 Aug 2012, 08:29 PM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    I didn't need Bloomberg to tell me this...simple observation did the trick.
    9 Aug 2012, 10:50 AM Reply Like
  • montanamark
    , contributor
    Comments (1455) | Send Message
     
    dow inversely correlated to americas misery
    9 Aug 2012, 10:53 AM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    The new normal......lol
    9 Aug 2012, 10:59 AM Reply Like
  • Lakeaffect
    , contributor
    Comments (1452) | Send Message
     
    Of course they're sour. They've been told repeatedly that the malaise they're experiencing is not their fault, it's because of those greedy 1% sleazebags and there's nothing they can do about it.

     

    The new normal for sure, and it's been a long time coming.
    9 Aug 2012, 11:49 AM Reply Like
  • Destin
    , contributor
    Comments (718) | Send Message
     
    Didn't anybody hear? Less worse is the new good.
    9 Aug 2012, 12:52 PM Reply Like
  • edwin444
    , contributor
    Comments (12) | Send Message
     
    Romney has no core beliefs. He is a fluff ball, like GW Bush. He made money because of his father, not from any great business acumen. Obama reached the pinnacle of power from a poor background. He is pretty much in the mainstream, if not right of center, in my view. Look at his Wall Street cabinet and his defense policies. All this "socialist" talk is just right wing nonsense. Regulations? They have barely changed under Obama. He proposes taxes at well below where they were under Clinton, when the country did very well. As far as the market, it has been my experience (35 years) that it does better under Democrats. Bush destroyed the economy and you folks expect it to be substantially fixed in 3 years? Virtually all economists said in 2008 that it would be a long slog, probably a decade. What are Romney's great ideas to speed growth? I for one will sell stock if he wins.
    9 Aug 2012, 03:02 PM Reply Like
  • chriff
    , contributor
    Comments (117) | Send Message
     
    it's good to see that some sane, rational, thinking people actually visit this site.
    9 Aug 2012, 03:31 PM Reply Like
  • enigmaman
    , contributor
    Comments (2868) | Send Message
     
    Mr Ed
    You said " He proposes taxes at well below where they were under Clinton, when the country did very well."
    Yes BUTTTTT, you forget that B Clinton was the beneficiary of the 20 yr bull market at the time when our economy was firing on all cylinders, so all he had to do was stay out of the way of the economy which he did, Oh and adopt the conservative philosophy of work for welfare which reduced dependency and fostered self reliance and he balanced the budget by adopting Newts deal.

     

    Back to Romney and taxes, interesting that lower taxes and lower regulation are exactly what almost every nation in the woprld employ to attract businesses to them, heck even the country of NY city who is losing businesses because of excessive taxation have employed DeNiro to say " Come back we love you"

     

    The problem with Obama is he is educated beyond his intelligence so the obvious eludes him

     

    Now Im not saying I loved Bush, or that I love Romney but I can say I have no love for Obama who has been an unmitigated disaster for America. I will vote for the lessor of two evils
    9 Aug 2012, 07:21 PM Reply Like
  • Tack
    , contributor
    Comments (16281) | Send Message
     
    Enig:

     

    Bush is repeatedly brought to the fore, as an example, by Democrats to counter every Republican principle. The only problem is that Bush, despite his "R" label at the voting booth, was more like a Democrat than many Democrats. He never saw a spending bill he didn't love, he pandered far and wide (teachers and Hispanics, just for starters), and Congress passed them all.
    9 Aug 2012, 07:36 PM Reply Like
  • rajchak
    , contributor
    Comments (3) | Send Message
     
    No surprise! Bloomberg need not have spent money to do this survey..
    9 Aug 2012, 03:42 PM Reply Like
  • Tack
    , contributor
    Comments (16281) | Send Message
     
    Here's my unsolicited advice for SA readers:

     

    If you actually have substantial capital to invest, then ignore all the distractions, polls and punditry that constitute 95+% of SA content, and focus carefully on making money. That requires a calm, clear head, aimed at data, not opinions, and understanding what's actually happening with capital flows and why (hint: the mainstream media and ranting commentary won't be of assistance). Or, if you don't have adequate capital, as yet, to be independent or make a significant impact on your lifestyle, then, instead of wasting time here posting emotional and political diatribe, go find a way to get a better job or otherwise make money, so time spent here, or elsewhere, in the future can be directed to employing that capital effectively.

     

    I sure hope that many people reading SA and are not guiding their investments based on much of the emotionally-charged, negatively-biased discourse on this site because, if they are, in the future they're going to need all socialist programs conjured up by the Government, much more than they realize.
    9 Aug 2012, 06:50 PM Reply Like
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