Poll: 63% Believe Country in Recession; Consumer Confidence Dropping
Rasmussen Reports found on Tuesday that 63% of Americans believe the country is in a recession in a survey measuring the consumer confidence.
Consumer confidence dipped a point 84.7 in Rasmussen’s tracking poll and is still down two points from three months ago.
On Monday the Commerce Department reported that U.S. retail sales fell for the third consecutive month in June, the first time retail sales have fallen three months in a row since 2008, while U.S. business inventories rose by .3% and sales dropped by .1%.
Couple all of this with stagnant jobs and wages reports, and there is no wonder why so many people feel the country is in a recession, as their personal economic situation is far from being fine. And this is why President Barack Obama will run a campaign that focuses on everything but his economic record.