They told us the Obama presidency would be historic and they were right.
After falling to a new two-year low on Friday, consumer confidence fell even further on Saturday.
The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, fell three more points on Saturday to 64.8. That’s the lowest level of confidence recorded since July 10, 2009 and is down 29 points from this year’s high-water mark of 93.3. Consumer confidence is down four points from a week ago, down ten points from a month ago and down thirteen points from three months ago.
Only 9% rate the economy as good or excellent while 61% say it’s in poor shape. Sixteen percent (16%) say it’s getting better while 63% believe it is getting worse.
The Rasmussen Investor Index fell four points on Saturday to the lowest level since December 2009. At 70.6, the Investor Index is down six points from a week ago, down 11 points from a month ago and down 17 points from three months ago. Investor confidence has fallen 35 points its high-water mark of 2011