Consumer confidence takes a hit

 Power Line:

...

The University of Michigan survey found:

Half of American families anticipate bringing home smaller incomes after adjusting for inflation next year.

One in four consumers say inflation has led to a reduced standard of living.

Rising prices for homes, vehicles, and durables were reported more frequently than any other time in more than half a century

The chief economist who worked on the survey explained the decade-low level of consumer confidence by pointing to the obvious cause — inflation. He added that there’s a growing belief among consumers that “no effective” policies have been put in place to reverse the trend.

Actually, the Democrats are trying to ram through another massive spending increase that would accelerate the inflationary trend, not reverse it.

...

It is rational to have no confidence in the Democrats' policies are lack thereof to control some of the worst inflation in decades. 

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