Consumer confidence hits 26 year low

Each day I wonder how things could possibly get worse, but they do. The complete mismanagement by Bush and the GOP is all catching up with the US. Why would anyone think that a third Bush term (with McCain) would be a good idea?

“More consumers reported that their personal financial situation had worsened than any time since 1982 due to high fuel and food prices as well as shrinking income gains and widespread reports of declines in home values,” The Reuters/University of Michigan Surveys of Consumers said in a statement.

The report showed its reading on one-year inflation expectations climbed to 4.8 percent — the highest since a similar reading in October 1990 — from 4.3 percent in March.

An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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