Don't Blame Me, I Voted For Kerry Message Board

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Politics : Don't Blame Me, I Voted For Kerry

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To: Ann Corrigan who wrote (27501)	6/1/2004 10:20:06 PM
From: Rock_nj	Read Replies (1) of 81568

Here's why Bush will lose this fall. Gas up, consumer confidence down ABC/Money poll shows that rising gasoline prices are weighing on consumer confidence. June 1, 2004: 6:32 PM EDT NEW YORK (CNN/Money) - Positive views of the buying climate dipped to a 14-month low last week due to rising gasoline prices, following an unusually steep drop in overall consumer confidence the previous week. The ABC News/Money magazine Consumer Comfort Index stands at -18 on its scale of +100 to -100. It was -16 the previous week after a five-point fall and is now well below its -9 historical average. At -18, the ABC/Money index is down 15 points since its -3 high for the year, set in January, but not quite back to its -22 low hit in March. With gas prices reaching $2.06 a gallon and oil at an inflation-adjusted 14-year high, only 34 percent of Americans say it's a good time to buy things, down from 35 percent the week prior. That's down six points in May to its lowest since March 30, 2003, shortly after the beginning of the war in Iraq. The poll's buying gauge has been similarly sensitive to rising fuel prices in the past. money.cnn.com

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