Magic Number of the Day: 10

That’s the number of consecutive weeks in which the Bloomberg Consumer Comfort Index has been higher among Democrats than Republicans. That’s a record in available weekly data dating to June 1990, according to Langer Research Associates, which produces the index.

The Republican number almost always is higher — including for 591 consecutive weeks from August 1998 to December 2009 — in part because Republicans generally report higher incomes than Democrats.

The index, which is based on Americans’ ratings of the national economy, their personal finances and the buying climate, was minus 35.8 for Democrats and minus 40 for Republicans in the week ended May 27, according to Langer Research Associates. The Bloomberg Consumer Comfort Index was minus 39.3 for all respondents, up from minus 42 the previous week.

The index may be higher among Democrats in part because that party needs to convince voters that President Barack Obama’s policies have improved the economy. Republicans including challenger Mitt Romney are making the case that the president’s policies have hampered the economic recovery.

Taking a look at other Bloomberg stories about the election and the economy:

  • Romney’s private equity experience won him the endorsements of two former Secretaries of State –Condoleezza Rice and George Shultz — at a fundraiser in California yesterday, John McCormick reports. Shultz said that Romney’s executive experience at Bain Capital LLC, a Boston-based private equity firm, “has been a major contribution to the American economy.”
  • Now that Romney is the presidential candidate and public face of the Republican Party, he and his staff are consulting with members of Congress and their staff members to coordinate strategy and message, Bloomberg’s Julie Hirschfeld Davis reports.
  • Retired Supreme Court Justice John Paul Stevens said yesterday that some of his former colleagues may be having “second thoughts” about a 2010 Supreme Court ruling that freed corporations to spend unlimited amounts of funds on campaigns, Greg Stohr writes.


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