Confidence among U.S. consumers plunged in August to the lowest level since May 1980, adding to concern that weak employment gains and volatility in the stock market will prompt households to retrench.May 1980...who was president back then? Let me think... Oh yeah, Jimmuh Carter. Obama is giving us Carter's second term.
Friday, August 12, 2011
Consumer Confidence Drops to Carter Levels
This first paragraph is all you need to know:
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