Consumer confidence soars to 99.3 percent, with almost no one being influenced by impeachment

Voters More Positive About Economy Than Any Time In 18 Years
Trump hits new approval rating high amid impeachment kabuki dance.

By Dan Calabrese
Published December 30, 2019 at 7:00am

The University of Michigan regularly measures consumer confidence in the economy, and has done so for many years. U-M issues updates twice monthly on this measure, and recently issued the final such update of 2019.

Now keep in mind that Democrats, the news media and sympathetic economists just spent months trying to tell us a recession is coming. This theme was repeated day after day after day, with economists willing to put their names to this prognostication interviewed repeatedly and heraled as sages.

You might have thought that browbeating the public with such relentless negativity would have driven the “Sentiment Index” down a bit, even if it was all based on nothing. You might also think the impeachment of the president would cause some people to worry. So what does it tell you about the influence of such people and such events that consumer confidence has now soared to 99.3 percent?