Ruh Roh! US Manufacturing Industries Back in Recession

Might I suggest a new catch-phrase for Obama? 

“Deterioration Summer”:

US manufacturing sector back in recession
Health check of US industry gives Barack Obama an election headache
Larry Elliott, economics editor – guardian.co.uk, Monday 2 July 2012

Barack Obama was given an election headache on Monday when the latest health check of US industry revealed that plunging order books sent the manufacturing sector back into recession territory last month.

In a surprise to Wall Street, the monthly snapshot from the Institute for Supply Management fell below the 50 level that separates contracting from expanding output for the first time in three years.

News that the index had dropped from 53.5 in May to 49.7 in June sent shares tumbling in New York and prompted speculation that the US Federal Reserve might step in with fresh measures to boost flagging demand.

[…]

The decline in June was largely the result of sharply weaker order books for US manufacturers – a hint that production will remain at low levels over the months to come.

[…]

Explore posts in the same categories: Economics, Economy, Obama Sucks, politics, Technology

2 Comments on “Ruh Roh! US Manufacturing Industries Back in Recession”

  1. THE MUZZIE TERMINATOR Says:

    So much for B.O.’s bull$#!t about the health of the Private Sector! I wonder how B.O. and his cabal will spin this? OK, they won’t!

  2. Big Frank Says:

    The regime of our ‘Dear Leader’ IMHO wants more unemployment and misery, the DemocRAT party has become the ‘Dependency Party’. They want the populace so used to handouts to insure decades of control. Just look at the scare tactics used by these scurrilous knaves in their election propaganda.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: