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Don't Be a Girlie Man, Make Another Movie

Arnold Schwarzenegger, in his convention speech last night said:

To those critics who are so pessimistic about our economy, I say, Don't be economic girlie men!

To whom was he speaking? Apparently, he was talking to the American consumer. The AP reports:

Consumers' renewed worries about job prospects led to a bigger-than-expected drop in confidence in August and provided more evidence of the fragility of the economic expansion.

The consumer confidence index, which had been rising since April, dropped to 98.2 from a revised reading of 105.7 in July, according to a report yesterday from the Conference Board, a private research group.

The reading was well below the 103.5 analysts expected, and was the lowest since May, when it registered 93.1.

''The slowdown in job growth has curbed consumers' confidence," said Lynn Franco, the director of the board's Consumer Research Center.

Girlie men lose confidence when they do not have a job. Manly men make just suck it up and make make another movie, banking an additional $20 million.

Posted by Dwight Meredith at September 1, 2004 01:15 PM | TrackBack