* Disposable income dropped by 0.1 percent in April.
* Personal savings as a percent of disposable income is rising after hitting a six-year low of 2.1 percent in January - almost as low as the 2 percent level when the economy tanked in 2007.
* Manufacturing output just hit a four year low.
* The level of household debt relative to median income, which stood at 150 percent in 1999 and peaked at 235 percent in 2007, is still above 200 percent.
"This indicates that consumers are still overleveraged almost five years after the financial crisis," Wilson wrote.
"With Americans still maxed out on debt, once personal savings are exhausted - as appears to have happened in January - then one would expect a slowdown or contraction in consumption to follow."
It doesn't sound like a good time to be roaming the country selling tax increases in an effort to get re-elected.
Perhaps Democrats should rethink their product line.