Despite jobs report, economic confidence surges on heals of DNC

[King]

The U.S. Gallup Economic Confidence Index surged to -18 for the week ending Sept. 9, up 11 points from -29 the prior week. This puts the index near the high point for the year after 2 ½ months when, weighed down by continued high unemployment, the index had languished well below -20.

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Last week's 11-point jump is also the biggest one-week improvement in the Gallup Economic Confidence Index since its inception, although it roughly matches the 10-point gain that occurred the week after the killing of Osama bin Laden in May 2011.

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More specifically, the convention appears to have given Democrats and, to a lesser degree, independents, fresh optimism about the economy.



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There was no comparable shift in Americans' views of the economy, either overall or by party, during the prior week spanning the Republican National Convention.

[King]

I don't know.  Didn't Dems win the congressional ballot in 2004 and not make inroads in the House?  I'd say D+4 would flip the House.

[King]

And economic confidence surges all the way to -18!!!

That would be a witty post if this wasn't an index.