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Drudge Retort: The Other Side of the News
Friday, October 23, 2020

A weekly measure of U.S. consumer confidence fell to a seven-week low on significant declines in attitudes toward the economy and buying climate -- just about two weeks before the presidential election.

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...The Bloomberg Consumer Comfort Index fell 1.6 points to 46.6 last week, data released Thursday showed. Americans' optimism about their personal finances declined 1.3 points to 60.3, its lowest point since August, while a measure of comfort in the buying climate decreased 2.1 points. Such a decline means that American's may be growing cautious about their spending.

A measure of confidence in the economy dropped 1.5 points from its six-month high in the prior week. This was the seventh consecutive month where four in 10 Americans or more said the economy is getting worse, the longest since a two-year streak during the Great Recession.

The Bloomberg monthly economic expectations index rose to a seven-month high of 43 in October, as a smaller share of respondents said the economy was getting worse.

Expectations of the economy are largely partisan ahead of the election. Among Democrats, 60% say the economy is getting worse compared to 39% of independents and 22% of Republicans....



#1 | Posted by LampLighter at 2020-10-23 12:12 PM | Reply

Moscow Mitch is assuming Lyin Donny will lose and would rather cram through an unqualified judge than help the taxpayers.

Anyone see photos of Moscow Mitch this week? He's not looking real good these days.

#2 | Posted by Nixon at 2020-10-23 12:50 PM | Reply

NIXON

twitter.com

He has something called "turtle hands." There's a lot of speculation though.

#3 | Posted by Twinpac at 2020-10-23 01:19 PM | Reply

Sorry NIXON

It looks like the picture has been taken down. I saw it earlier this morning on Scope. His hands were all black and swollen. They looked gangrenous.

#4 | Posted by Twinpac at 2020-10-23 01:24 PM | Reply

Twin,

It's posted on the nooner.

They look like electrical fire burns.

Like someone strapped him in an electric chair and turned it on.

#5 | Posted by ClownShack at 2020-10-23 01:44 PM | Reply

@#2 ... Moscow Mitch is assuming Lyin Donny will lose ...

It is more than that.

The Republicans can see that the demographics of the Country are moving in a direction that is not conducive to Republicans winning elections without a lot of, ummm, help.

For example...

2020 will be the year of the Hispanic voter
thehill.com

...In an analysis of the federal data, the Pew Research Center said that there are a record 32 million Latinos eligible to vote in 2020. That is an increase from 27.3 million in 2016.

Hispanics are the youngest of the major racial and ethnic groups in the U.S. At 28 years, the median age of Hispanics is nearly a full decade younger than that of the U.S. overall (37 years).

Millennials made up almost half (44 percent) of the Hispanic electorate in 2016. Hispanic millennials will likely continue to drive growth of the Hispanic electorate, given that the median age of U.S.-born Hispanics is only 19.

In addition, in any given year, more than 800,000 young Hispanics turn 18....


#6 | Posted by LampLighter at 2020-10-23 01:50 PM | Reply | Newsworthy 1

In actual truth... Large scale layoffs are starting again. Many will happen before the election. People are now getting outside the loan forgiveness window and still suffering. Airlines are laying off 10s of thousands.

#7 | Posted by GalaxiePete at 2020-10-23 03:49 PM | Reply | Newsworthy 2

Wait until holiday shopping doesn't reach normal levels.

I have a feeling there might be a lot of going out of business sales in January.

#8 | Posted by jpw at 2020-10-23 04:33 PM | Reply

Anyone see photos of Moscow Mitch this week? He's not looking real good these days.

#2 | POSTED BY NIXON AT 2020-10-23 12:50 PM | FLAG:
(CHOOSE)

It's called Karma, and it's about to bite a bunch of GOPers in the behind!

#9 | Posted by _Gunslinger_ at 2020-10-23 04:57 PM | Reply

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