Americans’ Economic Confidence Plummets According to Gallup Poll: This is very scary.

[Better Believe It]

Americans’ Economic Confidence Plummets
By: Jon Walker
August 10, 2011

In the past month the American people’s confidence in the state of the economy has plummeted according to recent Gallup polling.





This is very scary because our economy is so dependent on consumer spending. The rapid increase in economic pessimism combined with millions of people losing wealth due to the recent huge drop in stock values could cause people to pull back on spending, reducing demand for goods and services. This is what the beginning of self-reinforcing downward spiral would look like.

http://fdlaction.firedoglake.com/2011/08/10/consumer-economic-confidence-plummets/

[NYC_SKP]

1. Meh. Change is due. An economy dependent upon consumer spending is unsustainable.

This had to end sooner or later.

May as well be sooner so that coming generations can figure out a better, more sustainable, way to live together with one another on this planet, with this planet.

:patriot:

[CoffeeCat]

2. What is that...

...a trotting lamprey llama? I like it.

I got to pet a llama today.

(Sorry...I just can't deal with the economy right now. Carry on...)

But I truly am interested in that creature.

[NYC_SKP]

14. I thought it was creepy at first...

The mouth and teeth make it look like a parasite worm of some sort.

I had to research it, then learned it's a Green Llama, so I had to love it.

Llamas are lovely critters!

:hi:

[rusty fender]

18. That does not look like a llama!

It creeped me out at first also; I thought it might be something that runs wild in your gut after eating a meal of suspicious origin, but then as I looked at it more closely, I thought it might be what an apatasaurus looks like after a nuclear bomb hits it(future, mutated apatasauruses will look like,rather).:rofl::hi:

[Better Believe It]

3. If real wages had gone up and Wall Street hadn't been deregulated we would not have this crisis.

This didn't have to happen.

Uncontrolled capitalism and greed has led to this.

We can have much higher and ever increasing living standards for everyone on this plant. That is sustainable and within our reach.

But, not if the robber barons remain in charge.

[The2ndWheel]

16. Maybe for a single species

"We can have much higher and ever increasing living standards for everyone on this plant. That is sustainable and within our reach."

Not if we have to share the planet with the rest of life on it.

"Uncontrolled capitalism and greed has led to this."

Our single species has privatized the profits of the planet, and socialized the costs to the rest of life. That is uncontrolled capitalism and greed that we decry each and every day. We don't like the regulations that exist within the environment, just like those robber barons don't enjoy government regulations.

[indepat]

19. It's the RW mantra now in full fruition with the Congress jumping through its figurative asshole to

gut the big three as the elixir for all our problems while completely ignoring the raging root causes. :patriot:

[loudsue]

4. I totally agree. There needs to be a new economic paradigm for the people of the world

to be able to function as peaceful, happy human beings. What we've got now is a mess. A HUGE mess. All the money at the top is like the dark ages, and it's time to pull ourselves out of that mud.

[izquierdista]

6. Time to pull the money down from the top.

Like 1917

[former9thward]

12. That didn't end too well, did it.

[izquierdista]

15. End?

When does history "end"? What did end was the divine rule of the Tsar, and there's not much of a movement to reinstall one.

[former9thward]

17. They substituted a Tzar for a ruthless dictator.

You apparently just look at results the day after something happens. Most people take a longer view.

[kenny blankenship]

7. Hope you can take loss of White House & Senate in 2012 with the same casual attitude.

Meh. Having a job and being able to put food on the table is overrated.

Voters: "Really? We'll be voting for the other guy, thanks."

[indurancevile]

11. i imagine it's only people who have jobs/resources who are saying things like

that.

people who think they're safe & everyone else can "solve the problem" by being ruined.

[krispos42]

5. It's only 77%?

I figured it would be higher than that!

[Rosa Luxemburg]

8. time for redistribution of wealth and stopping fruitless wars

[Waiting For Everyman]

9. It's clear that TPTB insist on doing the opposite of what's needed.

We know where that will take us. Only an idiot would be confident that would work. Actually it's encouraging to me, to see that an increasing number of people realize the current policies are taking us over a cliff. I'm not convinced all of those people will be voting, but that's a different problem. One at a time.

[Mojorabbit]

10. I am normally an optimistic person

but I think the global financial system is going to collapse in the near future. It scares me to pieces.

[Amonester]

13. If that happens, I would suggest the world start anew with just

one, universal, new currency.

One Universal New Currency.

A worldwide contest would find 'names' for its unity, 1/4th, 1/10th, 1/20th, and at last, do away with the outdated 1/100th (the penny on the dollar: round up from 3/100 and 4/100 to 1/20, and round down from 2/100 and 1/100 to zero).

Implement it in all countries at once, after enough of it has been produced, at a given date.

No more hassles and predatory speculations with all the actual MESS of currencies.

My two pennies.