The U of Michigan/Thomson Reuters gauge of consumer confidence was placed at preliminary October reading of 83.1 on Friday. This is up substantially from the final September reading of 78.3. Follow after the squiggle for more.
This is the highest reading in the consumer confidence gauge since September of 2007. This further adds to an improving economic narrative that the Dems must hit hard on in the coming weeks. Unemployment down(4 year low), first time UE claims way down(4 1/2 year low), foreclosures down(five year low), record bank profits(ok, maybe I have mixed feelings on this one) and home prices rising slowly but surely.
In short, in many metrics these are the best readings of Obama's presidency. You want progress look around you it's here. These numbers need to be shouted from the rooftops, the economy is improving, if we give the President the time he will get us there. Most importantly we need to make the GOP own it's pattern of obstruction. As our glorious veep told "his friend" last night, "Get out of the way!"
Undoubtedly, Jack Welch is already tweeting how this number was rigged by mysterious liberal gnomes or some other stupid shit. However, this is good news and Obama needs to let the people know. We are moving forward!