Skip to comments.U.S. service sector expands faster in August: ISM
Posted on 09/06/2011 8:04:12 AM PDT by Free Vulcan
WASHINGTON (MarketWatch) The U.S. service sector expanded at a slightly faster pace in August, but growth was spotty and prices paid for raw materials shot up, according to a survey of senior executives.
The Institute for Supply Management on Tuesday said its service index rose to 53.3% in August from 52.7% in July. Economists surveyed by MarketWatch expected the index to fall to 51.0%.
(Excerpt) Read more at marketwatch.com ...
So, Obama/Dems want to stimulate short-term construction jobs.
They just don’t get it. Stimulus money isn’t going to roll thru the economy if businesses are scared stiff that the govt is going to whack them at every turn with ridiculous mandates and regulations, or drown us in public debt.
I’m not even sure tax cuts would work right now. We need tax, spending, and regulatory reform combined.
So, it does look like we will all end up doing each others laundry after all.
Meanwhile, in the real economy, the production crash continues unabated. Always more taken from producers and given to non-producers. This will end in tears and/or bloodshed, and soon.
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