September 27, 2005

The Bush ecomnitude

Consumer confidence recorded its steepest point drop in 15 years in September, as Americans grappled with the economic uncertainty wrought by hurricanes, soaring gas prices and rising interest rates. The Conference Board said its consumer confidence index fell 18.9 points to 86.6 from a revised reading of 105.5 logged in August. That marked the largest one-month decline in the index since October 1990 and put the measure at its lowest level in two years.