Consumer Confidence Hits 5 Month Low, Consumer Spending Down

Daniel Greenfield, a Shillman Journalism Fellow at the Freedom Center, is a New York writer focusing on radical Islam. He is completing a book on the international challenges America faces in the 21st century.


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Consumer spending is down to its lowest point since May. Consumer confidence is at its lowest point since June. The media is shouting about the “fiscal cliff” but most people aren’t following the topic. What they do know is that they can expect another 4 years of the same and they’re hanging on to their money over the next 4 years, preparing to ride through the storm.