In what must have been painful to report, conservative polling firm Rasmussen announced today that consumer confidence is the highest it’s been since Sept., 2008.
The index is up two points from yesterday, up eight points from a week ago and up ten points from it’s (sic) reading last month. Consumer confidence is up 29 points from its level measured this time last year.
Nationally, 32% of adults say the U.S. economy is getting better these days, but 42% say it’s getting worse. A year ago, just 12% felt the economy was improving, and 72% thought the economy was getting worse.
Investor confidence is up as well.
Among investors, 40% say the U.S. economy is getting better these days, while 40% think it’s getting worse. Those figures are down significantly when just 8% of investors felt conditions in the country were getting better and 75% thought they were worsening.
Rasmussen is comparing confidence levels to Sept., 2008 because, as you will recall, that was when it dawned on Sen. John McCain that the economy was in the toilet, and he announced he was suspending his presidential campaign to horn in on negotiations by the Bush administration to bail out Wall St. McCain asked for a delay in debating Obama, canceled his appearance on the Late Show with David Letterman, and instead appeared on CBS News with Katie Couric.