Friday, August 29, 2014

One of the best ways to see what the general public is feeling about how things are going is to ask them! That is, precisely, what the Harris Poll does. The Harris Consumer Confidence Poll has been done every quarter, of every year, for decades and decades. That poll is nearly off the charts for how much confidence people are having in the current administration compared to the past, even compared to a magical 100 rating. Here is a summary of that Harris Poll, from a couple of days ago:

The Conference Board Consumer Confidence Index® Improves Again
26 Aug. 2014
The Conference Board Consumer Confidence Index®, which had increased in July, improved further in August. The Index now stands at 92.4 (1985=100), up from 90.3 in July. The Present Situation Index increased to 94.6 from 87.9, while the Expectations Index edged down to 90.9 from 91.9 in July.
The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was August 14.
Says Lynn Franco, Director of Economic Indicators at The Conference Board: “Consumer confidence increased for the fourth consecutive month as improving business conditions and robust job growth helped boost consumers’ spirits. Looking ahead, consumers were marginally less optimistic about the short-term outlook compared to July, primarily due to concerns about their earnings. Overall, however, they remain quite positive about the short-term outlooks for the economy and labor market.”
Consumers’ appraisal of current conditions continued to improve through August.
The Source:
August 2014 Consumer Confidence Survey®
The Conference Board
This shouldn't be so surprising, as Democratic Presidential administrations, going back to 1947, have always done better than Republican administrations.

Photo: One of the best ways to see what the general public is feeling about how things are going is to  ask them!  That is, precisely,  what the Harris Poll does.   The Harris Consumer Confidence Poll  has been done every quarter, of every year, for decades and decades. That poll is nearly off the charts for how much confidence people are having in the current administration compared to the past, even compared to a magical 100 rating for a time when it was the best ever, during the Clinton Administration.  Here is a summary of that Harris Poll, from a couple of days ago:
The Conference Board Consumer Confidence Index® Improves Again
26 Aug. 2014
The Conference Board Consumer Confidence Index®, which had increased in July, improved further in August. The Index now stands at 92.4 (1985=100), up from 90.3 in July. The Present Situation Index increased to 94.6 from 87.9, while the Expectations Index edged down to 90.9 from 91.9 in July.
The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was August 14.
Says Lynn Franco, Director of Economic Indicators at The Conference Board: “Consumer confidence increased for the fourth consecutive month as improving business conditions and robust job growth helped boost consumers’ spirits. Looking ahead, consumers were marginally less optimistic about the short-term outlook compared to July, primarily due to concerns about their earnings. Overall, however, they remain quite positive about the short-term outlooks for the economy and labor market.”
Consumers’ appraisal of current conditions continued to improve through August. 
 The Source:
August 2014 Consumer Confidence Survey®
The Conference Board
This shouldn't be so surprising, as  Democratic Presidential administrations, going back to 1947, have always done better than Republican administrations.

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