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    Polling company wants you guess where consumer confidence will stand after Obama's first 100 days

    Consumer Reports News: February 02, 2009 04:33 PM

    Reflecting the ongoing troubles in the economy, the latest Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, is hovering near its all-time low.

    The index's number on Monday was 59.0 -- up two points from the day before, but down 14 points from three months ago.

    Beyond trying to track consumer sentiment, Rasmussen is asking you to look toward the future and predict where you think consumer confidence will be after President Barack Obama's first 100 days in office.

    On April 30, will the White House have gotten an economic stimulus package passed? Will it have helped or hurt the economy? And will consumers be ready to start buying again?

    Visit Rasmussen to cast your vote.

    Some background on the Rasmussen Consumer Index (from the company's Web site):

    • Over the past two years, confidence has fallen steadily, with a sharper decline in late 2008.

    • The Rasmussen Consumer Index reached its highest level ever at 127.0 on January 6, 2004. The all-time low was reached on February 1, 2009 at 56.7.

    • The baseline for the Rasmussen Consumer Index was established at 100.0 in October 2001. At 59.0, the overall levels of economic confidence are significantly lower today than they were in the aftermath of the 9-11 terrorist attacks.

    • Index results are derived from nightly telephone surveys and reported on a three-day rolling average basis.


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