U.S. stocks fall further after manufacturing data

marketwatch.com ^ | September 4, 2012 | Kate Gibson

[John W]

NEW YORK (MarketWatch) -- U.S. stocks added to Tuesday losses after a gauge of U.S. manufacturing unexpectedly showed contraction in August.

[copaliscrossing]

Cleaning up after all the crooks is going to be a long and difficult slog.

I believe this is what the DemocRATs have been claiming coming out of what they call the "Bush recession". They feel they need more time since Bush screwed it up so bad. They are setting this up to blame Romney when it takes him a while to clean up this sewer the RATs have created.

If Romney/Ryan win, I believe it shouldn't take all that long to start showing signs of progress that the American people will recognize and hopefully give credit to them.

[copaliscrossing]

To clarify my last post. I personally lay the blame mostly at the feet of the democRATs since everything pretty much tanked when Bush was a lame duck and the RATs felt they had the “mandate” coming out of the ‘06 elections. I have been hammering that point home to anyone who will listen and I think I am getting some folks to actually understand how that works. Explaining this concept to people can be exasperating sometimes but it is worth the time if they do finally “get it”.

I do believe Bush made some fiscal mistakes on the spending side but not to the point that it would bring us to where we are now. That took some real crooks on the Left.

[concerned about politics]

But as I said, the Fed are desperate to not declare the reality of it until mid-November. They know that a declaration of recession absolutely kills 0bama’s re-election campaign.

And when Romney/Ryan win the election in November, they'll be screaming about the "Republican depression" within the first hour after the election results.

[Republican Wildcat]

Why would it be ‘unexpected’? What other result can there be from the type of economic policies being pursued by this administration?

[fhayek]

Toward the end of Bush's tenure, the economy was due to take a breather anyway, but instead of a standard recession, the economy really tanked because of the collapse of housing AND the collapse of the American auto industry. They may have happened during the Bush Administration, but these two events were decades in the making, AND they had liberal fingerprints all over them.

The housing bubble was created by the Community Reinvestment Act, which was a liberal wet dream. Obama certainly supported it, even going back to his Community Organizer days. Several times, Bush, and those in his administration warned of the danger of this policy.

The auto industry failed, largely, due to uncompetitive labor costs driven by the UAW. You know what side of the fence they are on. It will be argued that it takes two to tango, and of course this is correct. Nevertheless, Obama would support the union side of a situation, ten times out of ten.

So how all of this is Bush's fault just escapes me.

[Leep]

Is destroying America like viagra to radical racialst quasi-commie American hater?
Otherwise, what does Otard gain from it?
He is known all over the world.
He is loved by muslim and homos alike.
He is loved by feminist.
What does he want?
He has plenty of cash,now.
Satan knows he didn’t have to work that hard for it.

I guess destroying Ameria is its own reward...???

[henkster]

“And when Romney/Ryan win the election in November, they’ll be screaming about the “Republican depression” within the first hour after the election results.”

The Department of Commerce did something similar, but in reverse, to Bush 41. Leading up to the election we had the “worst economy since the dawn of time” or something like that. Then, after the election, Commerce “revised” their figures to show that the economy wasn’t doing so bad after all.

[mcleodglen]

Thank god i sold all my shares last week.

[familyop]

Not so much. The Dow is up 0.16% as I typed this.

[familyop]

Oops--sorry. Down 0.16% of a percent (16 hundredths of a percent). Anyway, not so much.

[John W]

Yes. At the time was just looking for the first article to get the beginning of today’s bad economic news posted. The bogus DJIA is worth nothing as an indicator of anything at this point in time.

[familyop]

True, it’s not. Certain commodities will be the only going thing. But yes, they are exceedingly risky for high-speed speculators. Might try something stable in an energy-exporting country for the long run. Nothing’s safe in the short run. [I’m not qualified to give any such advice. Little disclaimer there.]