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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: denizen48 who wrote (125172)	10/26/2012 10:35:46 AM
From: ChinuSFO	Read Replies (1) \| Respond to of 149317

Consumer sentiment at highest in five years in October A shopper walks down an aisle in a newly opened Walmart Neighborhood Market in Chicago in this September 21, 2011 file photo. REUTERS/Jim Young/Files The Thomson Reuters/University of Michigan's final reading on the overall index on consumer sentiment rose to 82.6 from 78.3 in September. It was at its highest level since September 2007 on a final reading basis. Still, that was slightly below the preliminary reading of 83.1 and shy of economists' expectations for 83. There are also clouds on the horizon. After the presidential election in November, policymakers will have to deal with a package of scheduled spending cuts and tax increases, and political wrangling could prompt a decline in consumer confidence as sharp as the recent increase, according to the survey. "Unless the legislation is carefully managed by whoever wins, the debate could produce the same depressing effect on consumer confidence as last year's debt ceiling fiasco," survey director Richard Curtin said in a statement. "While the surge in confidence will act to bolster consumer spending during the upcoming holiday season, it also means that this higher level of confidence is more vulnerable to reversal and has thus raised the stakes for post-election economic policies." Two-thirds of consumers surveyed expected President Barack Obama to win his re-election bid in just over a week. The barometer of current economic conditions gained to 88.1 from 85.7, while the gauge of consumer expectations rose to their highest level since July 2007 at 79 from 73.5. Consumers anticipated smaller price increases, with the one-year inflation expectation easing to 3.1 percent from 3.3 percent, while the five-to-10-year inflation outlook fell to 2.7 percent from 2.8 percent. finance.yahoo.com

To: denizen48 who wrote (125172)	10/27/2012 3:14:51 PM
From: tejek	2 Recommendations Read Replies (1) \| Respond to of 149317

*Breakdown by region according to the Investor's Daily* poll: OVERALL 46.6% Obama 44.5% Romney 5.7% Not Sure REGION** Northeast 51% Obama 38% Romney 7% Not Sure Midwest 51% Obama 43% Romney 5% Not Sure South 39% Obama 52% Romney 5% Not sure West 52% Obama 39% Romney 7% Not Sure news.investors.com