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this week we learned that the measure of consumer confidence fell for the fourth month in a row to its lowest levels since january. you may disagree with why it's down. but, again, the customer who in this case is the american consumer is always right when it comes to the economy. why? because if americans are worried about the economy, they delay making important purchases and a perceived economic slowdown can easily become a reality. okay. so it's happening. but why? well, probably the biggest reason is this -- jobs. 20 straight months of job growth. yes. but over the last five mon...

proof. that's fair. so here you go. you probably know that more than any other developed nation, the u.s. economy is driven by its citizens and on how confident they feel about their future. this week we learned that the measure of consumer confidence fell for the fourth month in a row to its lowest levels since january. you may disagree with why it's down. but, again, the customer who in this case is the american consumer is always right when it comes to the economy. why? because if americans are worried about the economy, they delay making important purchases and a perceived econom...

Continuing resolution. in the process of doing that, democrats and republicans both agreed they needed to cut the budget somehow so they agreed to about $10 billion in cuts. so far, as they've extended this. now the house republicans have passed the version of $61 billion in cuts, eliot, and this is the fighting ground right now. >> you know, it is -- you're absolutely right. people shouldn't get confused between these continuing resolutions that will carry us through october and next year's budget which is the subject of so much screaming and shouting. it's clear this isn't also just about th...

Burrito burritos, sir? >> when you have unemployment at these sorts of rates, 9% or 10%, 8% in the european union, and you have people like ben bernanke coming out and saying there's going to be no massive reduction in unemployment any time soon, i'm paraphrasing what the chairman of defense said. every job in every case is going to become a fighting ground. >> you're right. >> and whoever ends up with it, whoever, under what circumstances and what a pay package, that's going to be controversial. >> and whoever has the job is going to want to keep it. someone has a family to feed. one thing we...