Friday, August 12, 2011
Both Consumer Confidence And The Labor Participation Rate Are At A 30 Year Low ... That's Not A Coincidence
A new poll from Thomson Reuters and University of Michigan shows that consumer confidence is the lowest its been for 30 years.
A new report from Wells Fargo Securities shows that the labor participation rate is also "at a 30-year low".
That's not a coincidence.
If people can't find work, they'll have no confidence in their ability to pay for the things they want or need, or in the economy as a whole.
The administration - despite its rhetoric - is doing nothing to decrease unemployment (and see this), and is solely helping the super-rich at the expense of everyone else.
Given this situation, it shouldn't be a huge surprise that: