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Consumer Comfort at 18-Year High

Liam Sigler
By Liam Sigler | July 9, 2019 | 11:46 AM EDT

(Getty Images)

Americans’ comfort with the U.S. economy reached an 18-year high in late June, according to Bloomberg News, which maintains a Consumer Comfort Index. Consumer sentiment was up, said the news group, and contributed to “increased optimism about the U.S. economy, personal finances and the buying climate.”

"The Bloomberg Consumer Comfort Index advanced 1.8 points in the week ended June 23 to 63.6, the highest since December 2000," reported the news service. "A gauge of views about the economy was the strongest since early 2001, while a measure of household finances improved to an almost 19-year high."

(DON EMMERT/AFP/Getty Images)

In related news, the Dow, S&P, and Nasdaq all achieved record highs against a disappointing global stock market.

Also, CNBC reported that the unemployment rate remained at a consistent 50-year low.

The White House website lauded the positive economic news, saying that the numbers “[smash] expectations once again.”

President Donald Trump touted the stock numbers on July 6, tweeting, “Our Country is the envy of the World. Thank you, Mr. President!”

(Twitter.)

Representative Steve Scalise (R-La.) also commented on the strong economy. He tweeted, “@realDonaldTrump continues to defy expectations & deliver results for American workers! Democrats need to explain to everyone with new jobs & higher wages why they want to take that away from them with their job-killing socialist programs & high taxes.”

At the Democratic debate on June 26, Sen. Kamala Harris (Calif.) remarked, “This president walks around talking about and flouting his great economy, right? My great economy.”

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She continued, “You ask him, ‘How are you measuring the greatness of this economy of yours?’ and they point to the jobless numbers and the unemployment numbers. Well, yeah, people in America are working. They’re working two and three jobs.”

Presidential candidate and Senator Michael Bennet (D-Colo.) also criticized the U.S. economy. “There are two economies in this country,” he said on Fox News, “the wealthiest Americans for the last 40 years have done really well and everyone else has done really poorly.”

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