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Topic: Consumer confidence
plunges on higher taxes |
Consumer confidence
plunges on higher taxes
Associated Press, by Martin Crutsinger
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Original Article
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Posted By:Scottyboy, 1/29/2013 1:36:52 PM
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| U.S. consumer confidence plunged in January to its lowest level in more than a year, reflecting higher Social Security taxes that left Americans with less take-home pay. The Conference Board said Tuesday that its consumer confidence index dropped 8.1 points in January from December to a reading of 58.6, the lowest since November 2011. The index has declined for three straight months since hitting a nearly five-year high of 73.1 in October 2012. It´s still above the post-recession low of 40.9 reached in October 2011. Conference Board economist Lynn Franco said the tax increase was the key reason confidence tumbled in January
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Comments:
B. Hussein 0bama (a/k/a King of the Dummies) and his plan to punish America for being America is coming along nicely.
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Reply 1 - Posted by:
graniteman2009, 1/29/2013 1:50:12 PM (No. 9146694)
Its funny but I have completely changed my spending habits. Walmart, gone. Target, gone.
If I need something I go out to Google and look for American made products. Stuff the Chinese, India, Thailand, etc.
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Reply 2 - Posted by:
JAN, 1/29/2013 2:15:03 PM (No. 9146770)
It´s hard to feel sorry for the useful idiots. They were clueless.
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Reply 3 - Posted by:
Dante, 1/29/2013 2:32:49 PM (No. 9146803)
In the old gangster movies, the thugs used to say "work is for suckers". Zero has made that a sick reality, people now work for the system instead of for themselves.
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Reply 4 - Posted by:
Bloviate, 1/29/2013 2:38:00 PM (No. 9146815)
They ain´t seen nothing yet! Wait until ObummerCARE hits next year!
The 49% that pay no taxes will be okay for the most part, it will be the so called middle class that will be crushed by ObummerCARE, unemployment, higher food and fuel prices...!
Maryland is going to impose a 3% sales tax on gas, allow the counties to impose a 5 cent per gallon tax on gas and this is only the beginning! The Boy Gov and our one party state have BIG plans for Maryland!
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Reply 5 - Posted by:
lakerman1, 1/29/2013 3:13:29 PM (No. 9146897)
In a related matter, the Erie, Pa Times News had a headline this morning - jobless rate up slightly...County unemployment mark remains lower than nation´s.
They have been relentless promoters of the current president, often with almost mythical expressions of hope that things are about to get better.
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Reply 6 - Posted by:
MattMusson, 1/29/2013 4:15:41 PM (No. 9147007)
Consumer confidence peaked the month before the election. The media and the government lies converged to reelect the worst President in 50 years.
And, now, confidence is sliding down into the valley of truth.
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Reply 7 - Posted by:
mickturn, 1/29/2013 4:19:19 PM (No. 9147018)
Obie´s just getting started, buckle in!
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Reply 8 - Posted by:
engrpat, 1/29/2013 4:29:11 PM (No. 9147029)
Where is the outrage in the press over the bad economy? If this was Bush it would be 24/7.
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In the wake of one of the worst abuses of government power in recent history, many are rushing to frame the Internal Revenue Service scandal as simply an attack on conservative activists. That view risks creating a partisan political football and misses a fundamentally scarier abuse that exceeds the scandals of Watergate or any other prior government abuse. The IRS has admitted that since May 2010 it targeted grassroots-conservative organizations that had applied for tax-exempt status, unfairly subjecting them to rigorous scrutiny due to their political leanings. Such groups were told they were required to comply with IRS requests,
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The lawmaker leading the charge to investigate the Benghazi terror attack on Friday subpoenaed the co-author of a report that slammed the State Department but didn´t interview Hillary Clinton. House Oversight Committee Chairman Darrell Issa (R-Calif.) formally demanded that retired ambassador Thomas Pickering submit to being deposed by the committee next Thursday. The subpoena comes in the wake of a series of acrimonious public exchanges this week between the two men. Issa didn´t issue a subpoena to former chairman of the Joint Chiefs of Staff Michael Mullen, who co-authored the Benghazi report with Pickering.
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