Confidence in economy continues on the downward path 

Consumer confidence is still heading the wrong direction, at least from the perspective of President Obama's chances for re-election in 2012.

"The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, fell three points on Sunday to 78.9. That’s up two points from a week ago but down one from a month ago and down five from the beginning of the year," Rasmussen said.

"Confidence reached a two-year high of 93.3 on January 7 and has been lower in February in March.  Just 10% of American adults rate the U.S. economy as good or excellent. Fifty-two percent (52%) say it’s in poor shape," Rasmussen said.

Interestingly enough, however, Rasmussen said the index gained three points today after falling four points the day before. At 95.7, the Investor Index is up six from a week ago, up eight from a month ago, and up one from the beginning of the year.

For more from Rasmussen, go here.

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