Consumer confidence continues slide

The economic news continues to sour, as the Consumer Confidence Index report came in at 50.4 for July, a significant decline from the 54.3 figure for June.  The decline follows last month's nearly 10 point drop from the 62.7 reported for May.

With consumer spending accounting for approximately two-thirds of the U.S. economy, it takes a reading of 90 to indicate a healthy economy.

Editor's Note:  How's that Obama stimulus money working for 'ya?