Transcripts for CNN The Lead With Jake Tapper 20160509 20:18:30 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
consumer-driven economy like that of the united states, how people feel is the key determina determinant. the number you ll tell our viewers about shortly is consumer sentiment, how do you feel about the economy now, how do you feel about it in the future, and this number is as strong as it s been since october of 2007. i want to take you back to october of 2007 and tell you what was going on. dow was at 14,000. it had set a new record. we had just started to see weakness on the housing front. but things were still feeling pretty good. it was only after that, only after october into december of 2007 when the recession started did people start to say, uh-oh, something is wrong with this economy. remember, john, it s when people, americans, consumers start to feel something is wrong, they start to act that way, they spend less, and this starts to create job losses. so this is very key that we re back up to where we were in october 2007 when things felt pretty good. it s key,