FOR A CONMAN, OBAMA SURE IS DOING A LOUSY JOB INSTILLING CONFIDENCE!

NYTIMES/AP:

A monthly consumer survey shows that Americans' confidence in the economy eroded further in July amid job worries.

The reading raises concern about the economic recovery and the back-to-school shopping season.

The Conference Board, a private research group, says its Consumer Confidence Index slipped to 50.4 in July, down from the revised 54.3 in June.

The decline follows a drop of nearly 10 points in June.

Economists surveyed by Thomson Reuters expected 51.0. T

he two straight monthly declines follow three months of increases.

Economists watch the number closely because consumer spending accounts for about 70 percent of U.S. economic activity and is critical to a strong recovery.

A reading above 90 indicates an economy on solid footing.

AND 35% OF THAT 70% IS SPENT BY THE TOP 5%.

IOW: 25% - THAT'S ONE-QUARTER - OF THE TOTAL ECONOMY IS THE TOP 5% SPENDING MONEY AND CONSUMING.

• THE TOP 5% SPEND MUCH MORE THAN OTHER FOLKS;

• THEY DON'T JUST STAY HOME AND LISTEN TO THE JINGLES THE COINS MAKE OR SMELL THE INK ON THEIR PAPER-MONEY:

• THEY SPEND IT AND INVEST IT.

• IF WE TAX THEM THEY WON'T SPEND AS MUCH OR INVEST AS MUCH.

• AND WE WILL GET ANOTHER RECESSION.

THE BEST WAY TO KEEP THE ECONOMY GROWING IS TO DEFEAT OBAMA AND HIS COMRADES THIS NOVEMBER!