Both Consumer Confidence And The Labor Participation Rate Are At A 30 Year Low ... That's Not A Coincidence

By Washington’s Blog

A new poll from Thomson Reuters and University of Michigan shows that consumer confidence is the lowest its been for 30 years.

A new report from Wells Fargo Securities shows that the labor participation rate is also "at a 30-year low".

That's not a coincidence.

If people can't find work, they'll have no confidence in their ability to pay for the things they want or need, or in the economy as a whole.

The administration - despite its rhetoric - is doing nothing to decrease unemployment (and see this), and is solely helping the super-rich at the expense of everyone else.

Given this situation, it shouldn't be a huge surprise that:

• 73% of Americans think the country is headed in the wrong direction

• 79% are dissatisfied with the U.S. political system

• Only a small percentage think that the government is acting with the "consent of the governed"