Consumer Confidence Falls in May: "Unexpectedly!"

Americans are losing faith that the economy will keep improving, according to a monthly survey.

The Conference Board's Consumer Confidence Index fell to 60.8 from a revised 66 in April, a sign of the toll that high gas prices, a choppy job outlook and a moribund housing market are taking on people's psyches. Economists had expected an increase to 67. It was the lowest reading since November.

Oh, and 'Double-Dip' in Housing Prices Even Worse Than Expected

U.S. single-family home prices dropped in March, dipping below their 2009 low, as the housing market remained bogged down by inventory and weak demand, a closely watched survey said Tuesday.

Boy, that's a shocker! Frank J. Fleming explains:

The mainstream media often actually treats the idea that Obama is doing a good job on the economy as just another opinion, instead of the counter-factual viewpoint it is. Many TV news shows have these crazed individuals on all the time doing fact-free rants about how smart Obama is on the economy, and numerous papers publish their screeds as just regular columns.