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Wednesday, February 11, 2009

Treasury Secretary Geithner Drives Consumer Confidence Down

Following Treasury Secretary Tim Geithner’s presentation of the White House financial rescue plan, the Rasmussen Consumer Index fell a point-and-a-half to 56.6. That’s another all-time record low, surpassing the mark set ten days ago. During 2008, record lows for consumer confidence were recorded on a regular basis. The Consumer Index, which measures the economic confidence of consumers on a daily basis, is down three points from a week ago and two points from a month ago.

The New York Times reports that the plan “is far bigger than anyone predicted and envisions a far greater government role in markets and banks than at any time since the 1930s.” - Rasmussen

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