It is widely known that voters take a long time to change their minds regarding how economic things are doing. It is also widely known that voters are more movitated by economy rather than any other issue.
Because of this, I present the Rasmussen Consumer and Investor Confidence indexes, both of which paint a much different picture of what the economy is doing in the minds of the consumer rather than the usual republican spin.
Thursday May 27, 2004--For the second straight day, the Rasmussen Consumer Index fell to its lowest level of 2004 on Thursday, slipping one-tenth of a point to 104.6. Today's reading marks the fourth consecutive daily decline. The Consumer Index, which measures the economic confidence of American consumers on a daily basis, is down one from a week ago, down nine from a month ago and down six from three months ago.
The Rasmussen Investor Index lost two more points on Thursday to 126.4, up three from a week ago. However, it is down nine from a month ago and down four from three months ago.
On Tuesday, the Conference Board released a report showing Consumer Confidence held steady in May. Conference Board data is collected via U.S. mail. As a result, their report includes responses from questionnaires that were completed during the first half of May.
It's The Economy Stupid!!!