September 27, 2012

If this doesn't sink Obama, it'll sink the country

The economy's precarious position was underscored Thursday by a pair of government reports. Orders for durable goods—long-lasting manufactured products such as cars and televisions—tumbled 13% in August from July, the biggest monthly drop in more than three years. Much of the decrease came in orders for commercial aircraft, which often show big monthly fluctuations, but the report nonetheless provided new evidence that the once-robust factory sector is losing steam.

The manufacturing slowdown would be less worrisome if other segments of the economy were firing on all cylinders. But another report Thursday provided a separate reminder of how weak the recovery has been.

Gross domestic product, the broadest measure of all goods and services produced, grew at a 1.3% seasonally adjusted annual pace in the second quarter, the Commerce Department said, down from its previous estimate of 1.7% and slower than the first quarter's 2% pace. The revision reflected softer consumer spending and exports along with depleted farm stockpiles due to the Midwest drought.
Watch the mainstream media jump all over this...

any second now...

If Obama gets re-elected the country deserves its fate.  Conservatives too, for allowing it to come to this.

Tough love.
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