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US Economy Hits Soft Patch But Some See It as 'Temporary'
CNBC ^ | 05.30.11

Posted on 05/30/2011 5:45:10 PM PDT by Perdogg

The economy has struck a soft patch that is likely temporary, and the second half of the year should be better, some economists say.

Supply chain disruptions form the Japanese earthquake and tsunami have had a direct impact on manufacturing and the auto industry in particular. Additionally, the spike in oil and gasoline prices has hit consumer and business spending.

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


TOPICS: Business/Economy; Politics/Elections
KEYWORDS: economy; softpatch; temporary
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To: Calvin Locke
Rick Santelli of CNBC went wild over Obama giving away houses to people who could't afford them.

Some say that was the start of the TEA Party.

21 posted on 05/30/2011 6:30:32 PM PDT by scooby321
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To: Perdogg

A soft patch...

::sniff sniff::

I smell bullsh1t...


22 posted on 05/30/2011 6:34:12 PM PDT by Adder (Say NO to the O in 2 oh 12)
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To: org.whodat

23 posted on 05/30/2011 6:39:13 PM PDT by Neidermeyer
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To: Perdogg

We’re told the unemployment rate is 9 percent ...
http://www.hyscience.com/archives/2011/05/were_told_the_u.php

Yikes! You won’t believe the real jobless numbers
http://www.wnd.com/index.php/index.php?fa=PAGE.printable&pageId=270957


24 posted on 05/30/2011 6:50:32 PM PDT by 2ndDivisionVet (How do you starve an Obama supporter? Hide his food stamps under his work boots.)
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To: Perdogg
End of Stimulus Could Pull Economy Down Further
25 posted on 05/30/2011 7:27:25 PM PDT by blam
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To: tet68

“...cuz you’re gonna have to spend more time than you’d like
in the wilderness.”

So many are completely unprepared for this. ;)


26 posted on 05/30/2011 7:32:35 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set...)
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To: Diana in Wisconsin

this mess started when it became apparent obama would be in the white house


27 posted on 05/30/2011 7:37:09 PM PDT by television is just wrong
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To: television is just wrong

Oh, for the love of all that’s holy - just rip off the band aid and get this OVER with! It’s gonna hurt like hell, but just do it! The RECOVERY starts when those at the top stop dickin’ around WITH *OUR* MONEY!

(I know. I’m totally unrealistic, LOL!)


28 posted on 05/30/2011 7:46:23 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set...)
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To: Neidermeyer
Yes, that looks like an Obummer soft patch.
29 posted on 05/30/2011 8:26:44 PM PDT by org.whodat
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To: blam
Oy vey. More good news. /s

With stimulus having failed to live up to their projections, what will the Dems put forth? Oh wait, they won't. They'll demogauge all Republican ideas and offer none of their own.

30 posted on 05/30/2011 9:08:28 PM PDT by newzjunkey (Republicans curtail freedoms too, they just do it more slowly than Democrats.)
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To: blam
Oy vey. More good news. /s

With stimulus having failed to live up to their projections, what will the Dems put forth? Oh wait, they won't. They'll demogauge all Republican ideas and offer none of their own.

31 posted on 05/30/2011 9:08:28 PM PDT by newzjunkey (Republicans curtail freedoms too, they just do it more slowly than Democrats.)
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