Wait for it…(emphasis mine)
One month after hitting its highest level in seven years, consumer confidence unexpectedly retreated in November, a sign that consumers are less optimistic about the U.S. economy as the holiday shopping season begins, the Conference Board reported Tuesday.
An overall gauge of consumer confidence fell to 88.7 in November from 94.1 in October, the New York-based research group said.
The drop erased all of October’s gain and left the index at its lowest level since June.
Do the members of the media, especially financial reporters, not realize how pathetic they appear now when using the words “unexpected” or “unexpectedly” in their knee-jerk covering for the president? Leftists can growl all they want about the wonders Obama has done for the economy but, other than the stock market, it’s been a “two steps forward, one and a half back” affair for the last six years. It’s just sad to see them pretending otherwise.
Quick aside: if a lib gets in your face about how awesome “Obama’s stock market” is just ask them if this means they’re on board with allowing citizens to make private Social Security investments in it.
Shuts ’em up every time.