This Is Why Obama Needs The Press On His Side:

Because people want to believe it's going to be okay. I'm sure they Good Germans thought it would end up okay, too, but they got a bit of a nasty surprise didn't they? Let's just hope for the sake of the Republic, that the People are waking up to the fact that the Demicans have spoiled their economy, right at or juuuust before the 2010 election, and the bums get kicked out.

Consumer confidence jumping the most ever (more than doubling) in a reporting period means bubkis for the economy unless YOU get out there and spend your coin. And YOU won't, because YOU understand we're still in a recession, if not a full-on depression.

You want to know how relevant the consumer confidence index is to actual economic conditions? Note the extremely poor short-term correlation.



The economy is in the tank, and is continuing to go MUCH DEEPER into the tank, but at a slower rate than it did in the previous months. This is NOT a good sign, it is a less-bad sign.