Skip to comments.Survey: US manufacturing activity shrank in July for 2nd straight month; hiring gauge drops
Posted on 08/01/2012 8:39:12 AM PDT by John W
WASHINGTON U.S. manufacturing shrank for the second straight month in July, further evidence of an economy growing at a sluggish pace.
The Institute for Supply Management, a trade group of purchasing managers, said Wednesday that its index of manufacturing activity ticked up to 49.8, from 49.7 in June.
The July report also showed factories hired in at a slower pace than June, while new orders declined more slowly. And export orders fell to the lowest level since April 2009, evidence of slower global economic growth.
(Excerpt) Read more at washingtonpost.com ...
“I did the best I could, the economy continues to improve, but it was all Bush’s fault”
Wait for it . . . . .
“Those businesses? They’re...they’re...they’re just not tryin’ HARD ENOUGH! They’re DELIBERATELY holdin’ back!”
The American economy has gone to the mattresses at least until after the election.
Yet we continue to buy imported crap.
More, and more, and more.
Government made that happen, not you.
The private sector is doing fine.
In this case, Obama can say that “you didn’t build that”.
This is all his.
The Bloomberg headline had the magic word in it but they can’t be posted here.
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