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May Factory Orders Drop More Than Expected
CNBC ^ | 07/02/2010 | Reuters

Posted on 07/02/2010 7:20:17 AM PDT by Rational Thought

New orders for U.S. factory products tumbled much more than expected in May, posting their sharpest drop since the depth of the recession and their first decline in nine months, a government report showed Friday

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Front Page News
KEYWORDS: economy; obamadepression; obamarecession; surprise; unanticipated; unexpected; unexpectedly
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Just think how much worse this number would have been if not for Obama.
1 posted on 07/02/2010 7:20:23 AM PDT by Rational Thought
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To: Rational Thought

Surprisingly unexpected!


2 posted on 07/02/2010 7:22:10 AM PDT by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: Rational Thought

How’s that “free trade” thing working out so far?

http://www.youtube.com/watch?v=RR1fDL7x1Sg


3 posted on 07/02/2010 7:22:19 AM PDT by Cringing Negativism Network (http://www.youtube.com/watch?v=RR1fDL7x1Sg)
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To: Jack Hydrazine; blam; Just Lori

Ping


4 posted on 07/02/2010 7:23:16 AM PDT by CPT Clay (Pick up your weapon and follow me.)
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To: Rational Thought

he was talking the other day about his excellent stewardship saved us from an unemployment level of 15%, 16% or even 17%!


5 posted on 07/02/2010 7:23:22 AM PDT by Thurston_Howell_III (Ahoy polloi... where did you come from, a scotch ad?)
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To: Cringing Negativism Network

When I become dictator of America, the word “unexpecte” and the phrase “more than expected” shall be liquidated.

You are on notice.


6 posted on 07/02/2010 7:23:41 AM PDT by Tulane
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To: Cringing Negativism Network

When I become dictator of America, the word “unexpected” and the phrase “more than expected” shall be liquidated.

You are on notice.


7 posted on 07/02/2010 7:23:44 AM PDT by Tulane
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To: Tulane

Where’s my pie?


8 posted on 07/02/2010 7:25:15 AM PDT by Cringing Negativism Network (http://www.youtube.com/watch?v=RR1fDL7x1Sg)
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To: Tulane

What happened to “Unexpectedly”?


9 posted on 07/02/2010 7:26:11 AM PDT by massgopguy (I owe everything to George Bailey)
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To: massgopguy
If history repeats itself, and the unexpected always happens, how incapable must Man be of learning from experience.

George Bernard Shaw

10 posted on 07/02/2010 7:27:57 AM PDT by COUNTrecount (Barry...above his poi grade.)
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To: Jack Hydrazine

Ah..there it is again. The expected unexpected.


11 posted on 07/02/2010 7:28:36 AM PDT by mort56
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To: Rational Thought

We should just produce weapons. The export ratio would increase dramatically. Then we can legalize cocaine and pave some desert trails from Mexico up to some major highways(complete with free rest stops and taco bells)


12 posted on 07/02/2010 7:28:46 AM PDT by shadeaud ("If you can't beat them, arrange to have them beaten." -- George Carlin B)
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To: Jack Hydrazine

Ah..there it is again. The expected unexpected.


13 posted on 07/02/2010 7:28:46 AM PDT by mort56
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14 posted on 07/02/2010 7:29:34 AM PDT by evets (beer)
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To: shadeaud
Then we can legalize cocaine and pave some desert trails from Mexico up to some major highways(complete with free rest stops and taco bells)

We should build High Speed Rail for them instead.

15 posted on 07/02/2010 7:32:20 AM PDT by Rational Thought
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To: Cringing Negativism Network

Free Trade isn’t the problem.

Where American industry is in trouble, it is because it is weighed down with taxation, over-regulation, unionization and an increasingly poorly educated or tax-demotivated workforce.

Raising tariffs/subsidies and so forcing Americans to buy their stuff from feather-bedded internal suppliers (e.g. General Motors) would not solve these problems.

The only reason Americans have a reasonable standard of living at all is because people across the world make stuff well and cheaply, and compete to bring it to America’s door.

Don’t like buying stuff from other people? Try reducing America’s internal barriers to wealth-production. But it’s simply shameful to complain that American factories have to deal with competition.


16 posted on 07/02/2010 7:35:14 AM PDT by agere_contra (Obama did more damage to the Gulf economy in one day than Pemex/Ixtoc did in nine months)
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To: agere_contra

“Free trade” is indeed the problem.

Get out of the way.


17 posted on 07/02/2010 7:38:23 AM PDT by Cringing Negativism Network (http://www.youtube.com/watch?v=RR1fDL7x1Sg)
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To: evets
If I had that bottle I could get rich, no matter how many shots he takes the bottle level remains the same.
18 posted on 07/02/2010 7:39:50 AM PDT by org.whodat
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To: Jack Hydrazine

NH2NH2:

Does anybody remember the last time an economic number came in where it was expected?


19 posted on 07/02/2010 7:40:43 AM PDT by Stosh
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To: Tulane
Ok, for now on, unexpected equals unanticipated...
20 posted on 07/02/2010 7:42:05 AM PDT by fatez ("If you're going through Hell, keep going." Winston Churchill)
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To: Rational Thought

I am so FRICKIN’ SICK of the words more than expected. Of course it was expected. Any third grader could tell you that. Just more cover for the Obamanation.


21 posted on 07/02/2010 7:42:13 AM PDT by 70th Division (I love my country but fear my government!)
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To: Rational Thought
Barack Obama's morning comments on today's jobs report...

"Now, make no mistake: We are headed in the right direction."

It begs the questions, which side is he on, and has Barack Obama ever been a USC Cheerleader?


22 posted on 07/02/2010 7:43:09 AM PDT by OldDeckHand
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To: Jack Hydrazine

Unexpectedly unexpected....


23 posted on 07/02/2010 7:46:20 AM PDT by Kozak (USA 7/4/1776 to 1/20/2009 Reqiescat in Pace)
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To: evets

24 posted on 07/02/2010 7:46:23 AM PDT by dfwgator
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To: Rational Thought

Another “unexpected” negative economic news item. It’s not even funny anymore.


25 posted on 07/02/2010 7:50:55 AM PDT by Buckeye Battle Cry (Enjoy nature - eat meat, wear fur and drive your car!)
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To: Rational Thought

The problem with “free trade” goes back to that mighty novel by Ayn Rand, Atlas Shrugged.

The philosophy was perfect.

The idea splendid.

The execution, a historical disaster for our once-industrial nation.

Where “free trade” went wrong, was in not keeping Galt’s Gulch in the United States of America.

Texas would have been a good location.

Oklahoma. Kansas, Nebraska. Idaho. Utah or Montana. Wyoming even.

But shipping our jobs and industrial base to history’s single largest communist nation ever, has been indescribably STOOPID.

Beyond stupid.


26 posted on 07/02/2010 7:57:45 AM PDT by Cringing Negativism Network (http://www.youtube.com/watch?v=RR1fDL7x1Sg)
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To: Cringing Negativism Network

Hey, I’ve got an idea! In order to support our high standard of living, we should mandate higher wages! Employers will pay these higher wages because we will force them to charge more for their products! And everyone should live in their own house, too! We will make it easier for people to get mortgages! What can possibly go wrong?


27 posted on 07/02/2010 8:00:02 AM PDT by 1rudeboy
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To: 1rudeboy

At this point almost anything is better than what we’re doing.

Your way has been tried long enough.

Bring back our factories and our jobs. To America. Or close them.

NOW.


28 posted on 07/02/2010 8:01:44 AM PDT by Cringing Negativism Network (http://www.youtube.com/watch?v=RR1fDL7x1Sg)
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To: Cringing Negativism Network

And make the damn trains run on time! We need a leader!


29 posted on 07/02/2010 8:02:38 AM PDT by 1rudeboy
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To: Tulane
As soon as a Republican's in office this use of "unexpected" will stop.

"Bad news" is ONLY unexpected when a liberal democrat's in office.

When a Republican's in office the word will be used for good news - the MSM will scream how bad it is - and when the numbers come out good, they'll say the good news is "unexpected".

Bias: the ugly reality that's killing the news business.

30 posted on 07/02/2010 8:10:02 AM PDT by GOPJ (There is nothing unexpected about the failure of socialism/communism.freeper pieceofthepuzzle)
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To: 1rudeboy

We don’t need a “strong leader”, or even trains.

We need American jobs.

We don’t get American jobs, by sending American jobs overseas.

That’s a absurd as Nancy Pelosi claiming jobs are created by unemployment benefits.

Bring back American jobs. If it means protectionism, then bring it on.

After all, the root for that word, is one which most everyone in a position of responsibility can relate to:

“Protect”.

Let’s protect America for a change!
Selfishly, and without needing an embarrassed explanation.

America.

First.


31 posted on 07/02/2010 8:11:04 AM PDT by Cringing Negativism Network (http://www.youtube.com/watch?v=RR1fDL7x1Sg)
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To: Cringing Negativism Network
Exactly! We need more government interference in the economy, Obama.
32 posted on 07/02/2010 8:13:06 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Cringing Negativism Network
If it means protectionism, then bring it on.

After all, the root for that word, is one which most everyone in a position of responsibility can relate to:

“Protect”.

The root of the word progressive is progress.

You must love the progress Obama is causing. LOL!

33 posted on 07/02/2010 8:15:05 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Rational Thought

Why does this FR thread from Wednesday just stick in my mind?


Unexpectedly Friday is coming up this week.
http://www.freerepublic.com/focus/f-chat/2544379/posts


34 posted on 07/02/2010 8:35:23 AM PDT by Arrowhead1952 (Remember in November. Clean the house on Nov. 2. / Progressive is a PC word for liberal democrat.)
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To: Toddsterpatriot
The Road to Serfdom (Illustrated), F. A. Hayek.
35 posted on 07/02/2010 8:51:37 AM PDT by 1rudeboy
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To: Cringing Negativism Network

Im all for looking out for US interests first.....but how are you going to mandate that the factory jobs come back when basic market forces is working in the other direction?

We can outlaw imports from China, that would immediately cause exporters to relocate fact ores to India or Vietnam or Eastern Europe, how does that improve our situation?

We can outlaw imports from ALL lower cost countries(that includes the EU and Japan). That would mean the price a tshirt is going to be $100, the price of a car would be 50-60k USD. We would have the living standards of a 3rd world country.


36 posted on 07/02/2010 11:41:35 AM PDT by artaxerces
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To: Rational Thought

So at what point does the nation refuse to drink any more kool-aid? Or do we wait like those in Jim Jones establishment for them to take away even our means to defend ourselves?


37 posted on 07/02/2010 4:05:37 PM PDT by Soothesayer9
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To: agere_contra

And when you’ve done all that, you’ll find that the Chinese can still under-cut us on price.

There is no free trade where currency manipulation is allowed. And having a peg of the yuan to the US dollar insures that the Chinese are able to undercut our industry every day, all day.

The standard PR spin of the “free trade uber alles!” folks is wearing rather thin. Walmart bought this hook line and sinker. And now, with American wages and household incomes stagnating and falling, Walmart is having to cut prices to make sure they can still sell the imported Chinese crap.


38 posted on 07/02/2010 4:50:02 PM PDT by NVDave
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To: AdmSmith; Berosus; bigheadfred; blueyon; Convert from ECUSA; dervish; Ernest_at_the_Beach; ...

Thanks Rational Thought.


39 posted on 07/02/2010 5:26:59 PM PDT by SunkenCiv ("Fools learn from experience. I prefer to learn from the experience of others." -- Otto von Bismarck)
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To: NVDave

Sam Walton has been rolling in his grave for decades. I’m old enough to remember a Walmart that sought out American-made products and proudly advertised that fact.

Then, old Sam died and his heirs took over.


40 posted on 07/02/2010 5:37:51 PM PDT by RegulatorCountry
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To: NVDave

Well, duh . . . we don’t have a free trade agreement with China. The problem with the “advocates” (I’m being polite) out there is that they ascribe “free trade” to every problem.


41 posted on 07/02/2010 6:22:39 PM PDT by 1rudeboy
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To: RegulatorCountry

Speaking of Wal-Mart, I was shopping for a beer cooler for the weekend. Wal-Mart has them, and they are made in the U.S.A.


42 posted on 07/02/2010 6:28:13 PM PDT by 1rudeboy
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To: 1rudeboy

They’ve been branded “Walmart” since 2008, 1rudeboy.

Good for you, scouring out the domestic merchandise in a veritable sea of Chinese plastic.

I’m shocked. In a good way, of course, but ... shocked.


43 posted on 07/02/2010 6:42:37 PM PDT by RegulatorCountry
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To: RegulatorCountry
What has been branded, "Wal-Mart?" And if you are too lazy to shop American, then why are you complaining?
44 posted on 07/02/2010 6:45:45 PM PDT by 1rudeboy
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To: 1rudeboy
What are we discussing, rudester? We're rather evidently discussing Walmart. Or, at least that's evident to me. For you, perhaps not.

It's not perceived as being a destination to shop for merchandise made in America, and for good reason.

So, when did you turn into such a nativist xenophobe, deliberately snubbing quality plastic merchandise from our fine, fine friends in China, lol?

45 posted on 07/02/2010 6:53:29 PM PDT by RegulatorCountry
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To: 1rudeboy

We’ve been down this road before. China has been admitted to the WTO as of the Clinton administration. We can’t raise tariffs on China as a result, and most regulatory barriers would should erect they could appeal to the WTO.

When a country is a member of the WTO, we lose most of our own power over trade policy as a result.

Free trade agreements are merely icing on the cake above and beyond the WTO.

The single smartest thing we could do is withdraw from the WTO and negotiate trade agreements on a bi-lateral basis with individual countries. If we have a good faith partner, then sure, let’s drop all trade barriers. China is not one of those trade partners. By using only bi-lateral and not multi-lateral trade agreements, problems like China’s yuan peg could be dealt with effectively.

As it is, most of the idiotic commentary I’ve seen in the last week on China’s “decision” to “unpeg” the yuan is wishful thinking. The Chinese, with their “surprise” announcement look like they’re “listening” to Geithner, when in fact, their actual currency moves will be rather limited. The Chinese worker is demanding wage increased, which are easily accomplished with inflation or devaluation of the yuan and not with an appreciating yuan.


46 posted on 07/02/2010 7:13:48 PM PDT by NVDave
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To: Cringing Negativism Network
Where’s my pie?

Yo Momma done ate it.

47 posted on 07/02/2010 7:15:51 PM PDT by stboz
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To: NVDave

You’re right. The U.S. raising tariffs on Chinese tires was just a mirage. It never hapened.


48 posted on 07/02/2010 7:17:40 PM PDT by 1rudeboy
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To: RegulatorCountry

Sorry, I thought you were saying that the U.S.-made coolers I saw at Wal-Mart yesterday were rebranded, somehow. I thought you didn’t know what the hell you are talking about it, and your response proves it.


49 posted on 07/02/2010 7:20:31 PM PDT by 1rudeboy
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To: 1rudeboy
So, you didn't know what the "hell" I was talking about then, but you now want to say I don't know what the "hell" I'm talking about now?

So, Walmart™ is now a destination for shoppers seeking merchandise made in America, lol?

I think I'm finding myself entertained by this newly nativist version of 1rudeboy! Quelle surprise!

What is the brand name of your American beer cooler that you bought at Walmart, by the way? You do know what a brand name is, don't you? You know, like Walmart?

50 posted on 07/02/2010 7:32:14 PM PDT by RegulatorCountry
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