Why Are Consumers so Confident?

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Why Are Consumers so Confident?



http://us.rd.yahoo.com/finance/exte...ers-so-confident.aspx?source=eogyholnk0000001

 

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Comments by readers:

Absolute HOGWASH !!!! Retail sales and EARNINGS were DOWN in June, the TRUE unemployment rate is 23% (U-6), America LOST 240,000 full time jobs in June, Housing starts and sales are still DOWN from pre-recession highs. Consumer confidence is STILL at recession levels. Also, home values RISING are ONLY good news for speculators. Higher home values is BAD for people wanting to buy a home to LIVE in. With gas staying WAY too high, food prices skyrocketing, health care, insurance, and education costs RISING, how in HELL can consumers be confident ?!?!?

The American public is simply dumb....and documented as getting dumber every year according to the United States academic rankings published every year.
Up to 43% of GRADUATING high school seniors are graduating functionally illiterate. Another 20% drop out of school are most likely totally illiterate.
Few understand basic concepts of amortization and debt.
And, of this stellar group at the shallow end of the gene pool, the pretty ones get elected to political office.