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Word of Bailout Stalls Worsening U.S. Consumer Confidence; Proposed actions appear to stabilize increasing consumer negativity last week.

Byline: Dennis Jacobe and Frank Newport

Synopsis: Gallup Poll Daily tracking shows that discussion of an unprecedented Treasury bailout helped to stabilize a free fall in consumer confidence measured last week.

PRINCETON, NJ -- Mirroring the reaction on Wall Street, Gallup Poll Daily tracking found consumer confidence began deteriorating on Monday, Sept. 15, following the announcements of the bankruptcy of Lehman Brothers, the sale of Merrill Lynch, and the government takeover of insurance giant AIG. This deterioration accelerated over the next several days, but leveled off by the end of the week and has remained stable over the weekend as the announcement of the ...

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