Consumer Confidence In The Economy Drops

This is good news for the Democratic Party, and couldn't come at a worse time for the Republican Party. The Conference Board, a New York research group, released their consumer confidence numbers today. The confidence index has fallen to 99.5. That number has not been this low since last November. Obviously, Americans are not buying the Republican mantra of "what a great economy we have". Here are some of the numbers the Conference Board released today:

Consumer Confidence
July 2006....................107.0
August 2006....................99.6

Expectations Index [confidence for the next six months]
July 2006....................88.9
August 2006....................83.8

Those Saying Jobs Are Plentiful
July 2006....................28.6%
August 2006....................24.4%

Those Saying Jobs Are Hard To Get
July 2006....................19.6%
August 2006....................21.1%

Those Saying Overall Conditions Are Good
July 2006....................27.3%
August 2006....................26.1%

Those Saying Overall Conditions Are Bad
July 2006....................15.0%
August 2006....................16.7%

Those Expecting More Jobs To Open
July 2006....................14.3%
August 2006....................14.0%

Those Expecting Fewer Jobs To Open
July 2006....................16.5%
August 2006....................18.3%

It's only about two months until the election, and as you can see from the figures, Americans are not confident about the ecomony and the job situation. It looks like the people are losing faith in the Republican's ability to handle the economy. Coupled with Iraq and the already bad poll numbers, this could be the last nail in the Republican electoral coffin.

Republicans still seem to believe that if you give rich people more money, it will "trickle down" and benefit everyone. This has now been exposed as a lie. Republicans have fixed it so the rich are now making obscene profits, but nothing is trickling down. American workers are being squeezed tighter each month. It is time to turn things around. It is time to vote the Republicans out of power. That is the only thing that will improve the economy for everyone.