Confidence in economy continues on the downward path

Consumer confidence is still heading the wrong direction, at least from the perspective of President Obama’s chances for re-election in 2012.

“The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, fell three points on Sunday to 78.9. That’s up two points from a week ago but down one from a month ago and down five from the beginning of the year,” Rasmussen said.

“Confidence reached a two-year high of 93.3 on January 7 and has been lower in February in March.  Just 10% of American adults rate the U.S. economy as good or excellent. Fifty-two percent (52%) say it’s in poor shape,” Rasmussen said.

For more from Rasmussen, go here.

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