MasterSlaveLA
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quote:
ORIGINAL: Musicmystery
It's about following a better model in place of one that isn't working.
You can't build on "model" on asking consumers who are unemployed/underemployed (or scared shitless) to SPEND what they don't have -- that is the basic flaw Nicky NumbNuts' rant.
This may help explain why...
The Conference Board Consumer Confidence
Index Virtually Unchanged
24 Apr. 2012
The Conference Board Consumer Confidence Index®, which had declined slightly in March, was virtually unchanged in April. The Index now stands at 69.2 (1985=100), down slightly from 69.5 in March. The Expectations Index declined to 81.1 from 82.5, while the Present Situation Index improved to 51.4 from 49.9 last month.
The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was April 12.
Says Lynn Franco, Director of The Conference Board Consumer Research Center: “Consumer Confidence was virtually unchanged in April, following a modest decline in March. As was the case last month, the slight dip was prompted by a moderation in consumers’ short-term outlook, while their assessment of current conditions continued to improve. Overall, consumers are more upbeat about the state of the economy, but they remain cautiously optimistic.”
Consumers’ assessment of current conditions improved in April. Those claiming business conditions are “good” increased to 15.3 percent from 14.3 percent. However, those claiming business conditions are “bad” edged up to 33.5 percent from 33.2 percent. Consumers’ appraisal of the job market remained mixed. Those stating jobs are “hard to get” declined to 37.5 percent from 40.7 percent, while those stating jobs are “plentiful” decreased to 8.4 percent from 9.0 percent.
Consumers were, once again, slightly less optimistic about the short-term outlook. Those expecting business conditions to improve over the next six months decreased to 18.8 percent from 19.3 percent, while those anticipating business conditions will worsen increased to 14.2 percent from 13.7 percent.
Consumers’ outlook for the labor market was less upbeat. Those anticipating more jobs in the months ahead decreased to 16.9 percent from 17.4 percent, however, those anticipating fewer jobs decreased to 18.0 percent from 18.5 percent. The proportion of consumers expecting an increase in their incomes declined to 14.0 percent from 15.5 percent.
http://www.conference-board.org/data/consumerconfidence.cfm
What Little Nicky is proposing is no different from what the Bush Administration pushed immediately after 9-11. The difference is, the current economy, unemployment/under employment rate, and consumer confidence -- that's why urging consumers to SPEND, as Nicky Idiot is proposing, is NOT a "model" for anything but fantasy. Again, people CAN'T spend what they don't have -- or are fearful of losing. That's why job creation has to come from BUSINESS. After more Americans are EMPLOYED/EARNING AN INCOME, then you can turn efforts/incentives to boost consumer spending. It just ain't gonna work now... consumer confidence is too low.
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