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Both Consumer Confidence And The Labor Participation Rate Are At A 30 Year Low … That’s Not A Coincidence

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Washington’s Blog
Aug 13, 2011

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:

 Both Consumer Confidence And The Labor Participation Rate Are At A 30 Year Low ... Thats Not A Coincidence 150709banner2

 

This article was posted: Saturday, August 13, 2011 at 4:42 am





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