Yes. Love this Obama covering paragraph-—
“The decline in orders for both durable and capital goods suggested manufacturing will probably not bounce back as quickly as many economists had expected after hitting a speed bump early in the year.”
How many “speed bumps” have there been in the last four and a half years?
Meanwhile, the US national debt marches inexorably upward toward $17 Trillion. We should “arrive” at that number sometime next month. Unfrotunately there are no speed bumps on this road.
Someone recently described the US economy as being in a “stealth depression”. Pretty good description.
I’m still trying to figure out how many dips we’ve had. At one point economists were worried about a double dip. That came and went. I think we’re up to a sextuple dip or beyond now.
We need a cheer leading alert for the admin sycophants to tell us it isn’t as bad, still, as we think.