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Both Consumer Confidence And The Labor Participation Rate Are At A 30 Year Low … That’s Not A Coincidence
Posted By admin On August 13, 2011 @ 4:42 am In Money Watch | Comments Disabled
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:
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URLs in this post:
 Washington’s Blog: http://www.washingtonsblog.com/2011/08/both-consumer-confidence-and-labor.html
 consumer confidence is the lowest its been for 30 years: http://www.reuters.com/article/2011/08/12/us-usa-economy-sentiment-idUSTRE77B34220110812?feedType=RSS&feedName=topNews&rpc=71
 the labor participation rate is also “at a 30-year low”: http://www.realclearmarkets.com/blog/EmploymentSignalsIII_08112011%5B1%5D.pdf
 doing nothing to decrease unemployment: http://www.washingtonsblog.com/2011/08/obama-fake-jobs-populist.html
 this: http://www.washingtonsblog.com/2011/08/reich-obama-hopes-to-distract-public-so.html
 helping the super-rich at the expense of everyone else: http://www.vanityfair.com/society/features/2011/05/top-one-percent-201105
 73% of Americans think the country is headed in the wrong direction: http://www.ipsos-na.com/news-polls/pressrelease.aspx?id=5301
 79% are dissatisfied with the U.S. political system: http://www.rawstory.com/rs/2011/08/10/poll-79-percent-of-americans-dissatisfied-with-u-s-political-system/
 a small percentage think that the government is acting with the “consent of the governed”: http://www.washingtonsblog.com/2011/08/rasmussen-poll-american-sentiment-is.html
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