Not quite sure where to begin. But let me attempt to address each of your points.
First let’s talk about the red regression line. That is a linear regression line which doesn’t provide much in the way of predictability. It is in the chart I provided because I couldn’t track down the raw data to remove it.
So instead let’s step back and look at the 41 year history provided in the chart. What does it show? What it shows is that during a recession consumer confidence falls and during the inevitable recovery consumer confidence rises.
To truly understand more about Obama’s recovery, one must look at each of the previous recoveries for comparison.
Additionally we can’t ignore the dramatic boost in consumer confidence that took place between 1987 and 1988. What were the drivers? And again between 1996 and 2000 where consumer confidence soared to a record 144.7. What happened in 1996? And finally 2017 to present day. The CCI is once again soaring towards record territory. What happened in November 2016 to boost consumer confidence?
In regards to consumer confidence recovery following a recession, how does Obama’s compare? At first glance I see that his recovery time period was much longer. What is the significance of that?
So now back to the premise being put forth by forum members. What is the value of simply ignoring everything but the time period between 2009 and 2018? Who is really doing the cherry picking here?
