Consumer sentiment lowest in 26 years

[UpInArms]

Source: CBS Marketwatch

WASHINGTON (MarketWatch) -- High fuel and food prices, coupled with "shrinking" income gains and falling home values pulled down consumer sentiment in April, according to a Friday report. The U.S. consumer sentiment index declined to 62.6 in April -- the lowest level in 26 years -- from 69.5 in March, according to a Friday report from University of Michigan/Reuters. An earlier estimate for April was 63.2. Economists surveyed by MarketWatch were looking for a final April result of 63.0. The expectations index fell to 53.3 - the lowest level since November 1990 -- from 60.1 in March.

Read more: http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B1298221B%2D0A68%2D4493%2DB1A4%2DE4ECB1F99899%7D&siteid=mktw

[MannyGoldstein]

1. The War Against The Middle Class Is At The End Stage

Reagan, Bush, Clintons, Bush... it took almost 30 years for capitulation, but here it is.

[Winterblues]

3. You include Clinton in that list

The Largest Economic Expansion in History happened during Clinton's term and yet you choose to slander him..What does that say about you?

[Tesha]

4. Probably that they live in reality. (NT)

[MannyGoldstein]

7. NAFTA, Almost-Free Trade With China, etc.

This was an expansion for the Predator Class, but not for the Middle Class. The Middle Class got a very slight bump, but the seeds of their coup de grace were sown.

[auburngrad82]

2. The last time sentiment was this low was during Reagan's term

The other "hero" of the GOP...

Kind of shows you just how good the GOP are at managing the economy.

[OhioChick]

5. Difference is

We're now in a "global economy" and jobs aren't coming back. Everyone keeps spewing about these Green jobs. Well, where in the hell are they, or should I ask....when will they be created because people are losing their homes and evrything right NOW.

[InkAddict]

6. Just a few "green" heavy equipment operators needed to be

global gravediggers. What's left for the best 2%? That's easy...rob the living.

The rest of us, brutish Stans that we are, say the 2%, should continue hopping on the energy-saving streetcars of life, liberty, and the pursuit of happiness until our communities all look like the 9th Ward of New Orleans after Blanche, er...I mean Katrina.