WASHINGTON (AP) - Americans’ confidence in the economy fell to a new low, dragged down by worries about mounting job losses, record-high home foreclosures and zooming energy prices.

According to the RBC Cash Index, confidence dropped to a mark of 29.5 in April, down from 33.1 in March. The new reading was the worst since the index began in 2002. It marked the fourth month in a row where confidence has fallen to an all-time low.

“Consumers are very pessimistic,” said Mark Vitner, economist at Wachovia. “There are not a lot of happy campers out there.”

Over the past year, consumer confidence has deteriorated significantly. Worsening problems in housing, harder-to-get credit, financial turmoil on Wall Street and lofty energy prices have put people in a much more gloomy mind-set. Last April, confidence stood at 85.4. The index is based on results from the international polling firm Ipsos.

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Consumer Confidence Falls to New Low

More airlines either file for bankruptcy or Chapter 11 protection, Frontier Files for Bankruptcy Protection, the price of gas is through the roof, Gas Prices Could Hit $4.00 Per Gallon, and I guess this could be looked at as a sort of bright spot, Oil prices ease back from $112-a-barrel peak but today the stock market, the Dow, is off by over 250 points, NASDAQ is off by 61 points and the S&P’s are down 27, so, maybe it’s not that good a news story or the economic stimulus we need…

Meanwhile, home loans are almost a thing of the past, Home loans are harder to get, and this, Overextended U.S. home loans, and automobile owners are defaulting on their loans at a record pace, Defaults soar on auto loans in pattern likened to mortgage crisis, as the Moron in Chief tells his loyal followers, U.S. is not headed for recession..

Most Americans, something like 70% of ALL Americans, are not stupid, we see what’s happening to our dollars and this nation, and we’re not falling for the BS coming from the Bush White House, most of us I say because then there’s folks like the one in the following, a reader that told me recently, “The House and the Senate are to blame for Bush’s light tread, I think. He was put in a terrible position, and he has been a strong leader in the face of the rudest and meanest Congress a President could have. He has had little loyalty, including from McCain.”..

And to that I have to ask, what planet are YOU living on?!?!

Bush may not be to blame for ALL the ills of America, but to claim that he is the victim of a “rude and mean” Congress is nothing more than outright lunacy, and an attempt to deflect blame away from your hero, this has ALL happened on the Bush watch, Bush had a DREAM setup in the House and Senate and HE turned that dream into a nightmare, he had a Republican House and Senate, a Conservative majority SCOTUS as well as huge U.S. and world support for the actions in Afghanistan, so what does he do next??

The Moron in Chief takes us into his Debacle in Iraq, an action that we had NO business engaging in, and by doing so he lost focus on the REAL battle in the War on Terror, Afghanistan, not to mention the fact that his approval ratings and support level fell to all time lows, both domestically and world wide…

What Bush has done for the American people is this; he has taken the USA and it’s citizens to the very brink of financial disaster, we are all but bankrupt, we are owned by the Chinese, for crying out loud folks, we have to borrow money from other nations to pay OUR debts, yet we continue to spend BILLIONS of dollars in Iraq, a venture that has not, and quite likely will NEVER yield any financial gain to us, in any way…

But Mr. Bush says we’re not heading into a recession, so, it must be true, just ask any Bush Bot…

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