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By David Keene
Conference showed that the values Reagan cherished still endure
Topic - Conference Board Consumer Research Center
Americans' confidence in the economy held steady in April from the previous month despite rising job cuts and falling home values.
Americans' rosy outlook about the U.S. economy remains resilient as they focus on the good in the barrage of conflicting economic news.
A private research group says consumer confidence in February rose dramatically from last month to the highest level since a year ago, when the U.S. economy's outlook started to look brighter before souring again.
Consumer confidence in August dropped almost 15 points to the lowest level since April 2009, as worries about the economy fueled the wildest stock market swings since the financial meltdown in 2008.
Americans are losing faith that the economy will keep improving, according to a monthly survey.
Americans' view of the economy turned grimmer in September amid escalating job worries, falling to the lowest point since February.
The Consumer Confidence Index plunged from 62.7 in may to 52.9 in June.
A new government analysis says the stimulus act funded between 1 million and 2.1 million jobs as of December and kept the economy humming at a faster rate than it would otherwise, but consumer confidence has tumbled anyway - potentially hindering the continued recovery.