Barataria has asked the question several times before – given that things are a lot better than they have been in a long time, why are people so down on the economy?
After posing a few potential reasons, we may have the answer – it was largely an artifact of the presidential campaign. That would make the most sense given that the Conference Board index of Consumer Confidence has hit 104.1, the highest it has been since 2007. Combining that with a strong net approval rating for President Obama, which has been tracking around +8 (52 approve, 44 disapprove) and we have the net positive we should expect.
Will this transfer over to Sec. Clinton in time for the election? Given her performance at the first debate, the answer is that it should. It’s all coming just in time.