How could this possibly be: "Consumer confidence higest in 4 years"?

[CatWoman]

APR. 25 11:26 A.M. ET Consumers shrugged off higher gasoline prices in April and sent a widely watched barometer of consumer confidence to its highest level in almost four years, a private research group said Tuesday.

But the New York-based Conference Board warned that if fuel prices continue to rise, it would cast a pall on consumer spending, which accounts for two-thirds of all U.S. economic activity.

The Conference Board said that its consumer confidence index rose to 109.6, up from a revised 107.5 in March. April's reading was the highest since the index touched 110.3 in May 2002. Analysts had expected a reading of 106.4.

http://www.businessweek.com/ap/financialnews/D8H73VI02.htm?campaign_id=apn_home_down&chan=db

[dogday]

1. Jan foreclosures were up 75%

:mad:

[porphyrian]

2. It's a self-fulfilling report. If they were honest, it would get worse.

They hope this will make consumers more confident. It will for some, but most Americans are getting hit or will be soon. It shouldn't take long for them to be discredited.

[flamin lib]

3. ABC/Washington Post poll shows consumer confidence at

-7 on a scale of -100 to +100. Has been as low as -25, so -7 is up, just not positive. It's all in the spin . . .

[electropop]

4. Hahahaha! Good one!

That's from the Onion, right?

[CrazyOrangeCat]

5. Yeah, people are pawning their heirlooms . . .

. . . to buy gas. Lots of confidence.

[BrklynLiberal]

6. Statistics can be made to say anything you want them to say.

I learned that in my college statistics class.

[MercutioATC]

7. Because the economy is doing GREAT!

Repeat a lie enough times and people will start to believe it.

[Horse with no Name]

10. True

And it makes them think that they are the only ones struggling and everyone else is doing great!

[IChing]

8. I am confident that the consumer will pay up the nose in the future

for goods and services............which will help the corporations reach short term profits.

[Norquist Nemesis]

9. They didn't realize Orwell was fiction. n/t

[MrBenchley]

11. Among other things....

The survey closed in mid-April (it measures only the first half of the month)....

It's also worth noting that this "high water mark" is about 30 points LOWER than it was during the Clinton years.

Here's the full release....

http://www.conference-board.org/utilities/pressDetail.cfm?press_ID=2864

[Imagevision]

12. I don't believe anything this adminisrtation reports/claims - they've lied

distorted, deceived in so many ways, from the war to medicare drug plan and everything in between, sad to say but the Bush administration has clearly shown that they lie and manipulate for personal gain and advantage...The USA just isn't what it used to be.

[stevietheman]

13. Mark my words: The regime is cooking the books, Enron -style. n/t

n/t

[elehhhhna]

14. People spent their tax return checks. Happens every spring.

[Beaverhausen]

15. 4 years ago was April 2002 - it has no place to go but up

that's the only way I can explain it.

[ellenfl]

16. "How could this possibly be: "Consumer confidence highest in 4 years"?

because the admin says it is.

ellen fl

[bluestateguy]

17. Oh please

How would you like your eggs with your cooked books?

[Flying Dream Blues]

18. One word: LIARS.

"shrugged off higher gasoline prices"
:wtf:

RIGHT