Consumer Confidence & Labor Participation Rate Are At 30 Year Low

08-13-2011 • Washingtonsblog.com

A new poll from Thomson Reuters and University of Michigan shows that consumer confidence is the lowest its been for 30 years. A new report from Wells Fargo Securities shows that the labor participation rate is also "at a 30-year low". That's not a coincidence. If people can't find work, they'll have no confidence in their ability to pay for the things they want or need, or in the economy as a whole. The administration - despite its rhetoric - is doing nothing to decrease unemployment (and see this), and is solely helping the super-rich at the expense of everyone else. Given this situation, it shouldn't be a huge surprise that: 73% of Americans think the country is headed in the wrong direction 79% are dissatisfied with the U.S. political system Only a small percentage think that the government is acting with the "consent of the governed"