So consumer confidence shocked everyone again yesterday. It’s a shock a minute in the media these days. Anyway, so in the NBC article about miserable Americans, NBC gives this pearl of insight:
Some economists pointed to one more possible source of angst: Congress.
“We suspect the absolute gridlock in Washington also depressed consumers,” said Bernard Baumohl, chief economist at the Economic Outlook Group in Princeton, N.J..
“Rather than seek some common ground on health care and financial reforms, both political parties demonstrated legislative incompetence and ideological rigidity. The constant bickering and lack of progress in the nation’s capital doesn’t engender much optimism among households.”
That voters are unhappy with Congress is well documented. The latest monthly Gallup poll showed just 18 percent of Americans approved of how Congress was doing its job, down from 24 percent in January and the lowest reading in the 13 months since President Barack Obama took office.
Since the $787 billion stimulus bill enacted a year ago, Congress has struggled to pass any of the major legislation Obama had put on his priority list, including health care and regulatory reform.
What utter b.s. My feeling is that the American people relaxed during the government-stopping snow storms. It’s not the gridlock that’s making people nervous.
The President of the United States Barack Hussein Obama causes the uncertainty.
He won’t let health care reform die, so it still occupies everyone’s mind. He won’t turn down the volume on his business-hating rhetoric. He won’t say a word to encourage the private sector. He’s ideological. He’s combative.
He is making people nervous.
Well, he’s making everyone nervous, aka UN-confident, and the media refuses to see the obvious.
Sure, the Congress is flopping around but Democrats are in charge of everything. The country feels like its being led by a children. It is.
NBC just demonstrates their obvious bias once again by not noting Obama’s words and actions. While everyone hates Congress, that’s almost a constant in American political sentiment. The President, though, is the communicator. And he’s an able one. What The One communicates, though, is very upsetting.
Unsettled people, nervous people, scared people are not confident people. There’s a reason consumer confidence is plummeting “unexpectedly”…look to the leader.