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Saturday, August 13, 2011

Obama competing with Carter

Here's Barack Hussein Obama competing with Jimmy Carter on yet another front. Confidence among U.S. consumers plunged in August to the lowest level since May 1980, adding to concern that weak employment gains and volatility in the stock market will prompt households to retrench.

The Thomson Reuters/University of Michigan preliminary index of consumer sentiment slumped to 54.9 from 63.7 the prior

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