US consumer confidence rises to 73.7 in November, highest level since February 2008

  • Article by: CHRISTOPHER S. RUGABER , Associated Press
  • Updated: November 27, 2012 - 10:37 AM

WASHINGTON - U.S. consumer confidence rose this month to its highest level in almost five years, helped by a better outlook for hiring over the next six months.

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sek2undrstndNov. 27, 1211:13 AM

It feels like things are improving and Obama has begun to bring us out of another Republican-created Great Recession/Depression. Now if we can only get the Republicans in Congress and Senate to start thinking about policy from the viewpoint of facts rather than ideology.

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faceshooterNov. 27, 1211:25 AM

Got my EBT card loaded and ready to go.

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Truckman182Nov. 27, 1211:33 AM

American's love free stuff. Obama is loading em all up with it and putting it on the taxpayers credit card. We will be at $20 trillion in debt in a few years. Our interest on our debt is $4 billion a day. This is unsustainable. The average American could care less. Eventually we will all have to pay the piper. That day is quickly approaching...

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theagonybhoNov. 27, 1211:36 AM

Thats great consumer confidence is high during Christmas, lets get a gander at Januarys numbers im guessing you will a huge difference.

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kleindropperNov. 27, 1212:06 PM

As long as that Obamacash keeps rolling the 47%ers will stay happy. That golden ticket is almost up though with the cliff and debt ceiling approaching. Are you ready for the hyperinflation?

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xjritterNov. 27, 1212:28 PM

Still playing the makers-versus-takers culture war? By your logic, if America loves free stuff so much, the consumer index should have been sky-high after Obama was elected. Turns out, the consumer index has nothing to do with the spectre of getting free stuff. As the news item clearly says (for those who can read with some understanding) the rise in confidence is due to improved JOBS prospects, not improved free stuff prospects.

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cochese519Nov. 27, 1212:59 PM

Call me a pessimist, but I'm not more confident. I'd be more confident if we went over the so-called fiscal cliff. The "fiscal cliff" is just a start on what we need to do in both raising revenue, which is at a historically low percentage of GDP, and cutting spending. If cutting just the annual deficit by a small percentage by going over the "fiscal cliff" is too drastic, it's hard to imagine how we would ever take the steps necessary to bring revenues and expenditures into equilibrium. Actually, we need revenues to exceed expenditures in order to pay down the national debt.

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swurzerNov. 27, 1212:59 PM

I remember back in 1993, when Bill Clinton raised taxes. All of the conservative media went nuts declaring it the "largest tax increase in history", and declared that it would destroy the economy. I believed it, and I secretly resented Bill Clinton when a decade of prosperity occurred, and the national debt was on it's way to zero. Eventually, I had to come to grips with the facts and admit that those supply-siders were wrong. Higher taxes did not destroy the economy... The economy flourished. Then George W came along, and I voted for him in 2000, and supported the tax cuts. Since then, we have seen nothing but a receding economy, and I've had to come to terms with the facts.

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bigbadbeanNov. 27, 12 1:14 PM

"It feels like things are improving..." How it feels is not even close to reality. Obama is great at convincing people... he just fails at executing anything of substance.

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theruntNov. 27, 12 7:27 PM

"Obama is great at convincing people." -- He must be, to get the consumer confidence index to rise from 25.03 in February 2009, to 73.7 today.

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