WASHINGTON (CBSMiami) – As Republicans continue to hold the U.S. government and economy hostage to achieve policy goals; consumer confidence in the U.S. is dropping at a rate not seen since Lehman Brothers collapsed in 2008.

In Gallup’s latest economic confidence poll, the numbers tumbled to -34 last week. That was a collapse of 12 points and came as the government shut down for the first time in 17 years.

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For comparison purposes, Gallup’s largest drop came during the week of September 15-21, 2008 when Lehman Brothers filed for bankruptcy and the Great Recession was truly underway.

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Overall, since the middle of September when Republicans began to push for a full government shut down and possible debt default, the economic confidence index has declined by 19 points. The ECI has fluctuated from between -65 in the final months of the Bush Administration to -3 earlier this year.

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The last time the debt limit was held hostage by Congressional Republicans, consumer confidence also dropped. However, unlike market drops, consumer confidence quickly bounced back in a few months.