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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (673054)9/12/2012 6:09:07 AM
From: puborectalis  Read Replies (5) of 1578897
 
Democratic National Convention Moves Consumers

It appears that the spark for the dramatic rise in Americans' economic confidence last week was the Democratic National Convention. A review of Gallup's nightly tracking results shows that the index was consistently near or below -25 each night in late August and early September, but then sharply improved on Sept. 4, the first night of the convention, to -18.

Confidence then held at or near -18 through Sunday, despite the U.S. Bureau of Labor Statistics' mixed August unemployment report Friday morning showing continued weak jobs growth.

More specifically, the convention appears to have given Democrats and, to a lesser degree, independents, fresh optimism about the economy. Democrats' confidence for the week spanning the convention averaged +24, up 17 points from +7 the prior week. Confidence was up 13 points among independents, but was virtually unchanged among Republicans.

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