MADE IN DC: August Consumer Confidence Plummets To Lowest Level in Two Years as Dems Refuse to Change Course

August Consumer Confidence Plummets To Lowest Level in Two Years as Dems Refuse to Change Course
Americans’ Pessimism About the Economy is Growing But Democrats are Still Defending Their Failed Policies

DC DEMOCRATS STILL DON’T GET IT: In an interview televised Monday night in Nevada, Democrat Whip Steny Hoyer doubled down on Democrats’ failed stimulus binge, outrageously claiming that the stimulus “created two million jobs” and that the economy is weak because the money “ran out”:

REP. STENY HOYER (D-MD): “Well, I tell you what. We created 2 million jobs after we passed that stimulus bill. So it had a stimulative effect. And what happened when the bill ran out just a few months ago? The economy started to regress. The fact of the matter is I don’t care whether we call a stimulus or recovery act it is what it is.”

LAS VEGAS SUN’S JON RALSTON:  “You think it worked?”

HOYER: “I think it did work. And as a matter of fact, CBO thinks it worked and a matter of fact many economic analysts are absolutely convinced it worked.” (Interview with Rep. Steny Hoyer, Las Vegas Sun, 8/29/11)

MADE IN WASHINGTON, DC: While Democrats desperately insist their stimulus “did work” and make excuses for their failed spending binge, Americans’ fears about the economy continue to grow. New numbers out Tuesday show consumer confidence plummeting to the lowest level in more than two years:

“The mood among U.S. consumers plummeted in August, perhaps as a consequence of the debt-ceiling debate in Washington, according to a report released Tuesday.

“The Conference Board, a private research group, said its index of consumer confidence dropped to 44.5 this month, from a revised 59.2 in July, first reported as 59.5.

“The August reading is the lowest since April 2009 and was far worse than the 52.0 expected by economists surveyed by Dow Jones Newswires.

“Consumer expectations for economic activity over the next six months plunged to 51.9 from a revised 74.9, originally reported as 75.4.” (Kathleen Madigan, “Consumer Confidence Plunges,” The Wall Street Journal, 8/30/11)

August Consumer Confidence Plummets To Lowest Level in Two Years as Dems Refuse to Change Course http://ow.ly/6gGpk #MadeinWDC