Consumer confidence is up?

[pampango]

"While there's been plenty of talk about growing income inequality and worker angst–often by me–Americans have been getting more optimistic. Here are the key takeaways from today's University of Michigan consumer confidence survey..."

http://www.usnews.com/usnews/biztech/capitalcommerce/070202/perky_economy_starts_to_reliev.htm

"1) The survey catapulted to a two-year high of 96.9 in January, up from 91.7 in December.

2) Sentiment for current economic conditions scaled up by 3.2 points to 111.3.

3) The bellwether expectations index exploded upward by 6.4 points to 87.6."

"Remember, income inequality supposedly surged in the late 1990s, but you didn't hear much about it then because everyone's wages and incomes were growing, as was the broader economy."

Any increase in consumer confidence may just be temporary. This consumer confidence index has been justifiably negative for most of the time since 2001. U of M's survey is usually unbiased.

[MADem]

1. Not in MY neighborhood... nt

[NewJeffCT]

2. It's the constant drumbeat from Fox and the RW echo chamber

Even poor people can buy a color TV now - back in the "Roaring" 1920s, nobody had a color TV, even the wealthy.

Even the poor can afford an occasional trip on an airplane now. Even though Thomas Jefferson was wealthy, he never could afford to ride on an airplane.

[bluerum]

3. Ah yes - "catapulting". Echoing language for the brain dead.

Remember the a-hole in chiefs "catapulting the propaganda" remark?

This little ditty was meant for the faithful.