"Fundamental Transformation Of America"Just Rolls On

Discussion in 'Economy' started by bitterlyclingin, Feb 28, 2012.

  1. bitterlyclingin
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    bitterlyclingin Silver Member

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    [More fruits of Obama's stated desire to "Take the boom and the bust out of the Capitalist business cycle" beginning to bloom. The biggest cause you can point to in this month's case was AA's recent bankruptcy filing, the result of catastrophic jet fuel prices, (Have you priced out tickets to Fuerteventura, Lanzarote, Tenerife, or Grand Canary lately) and the announced layoff of some 15,000 employees.]

    "Obamanomics: Durable Goods Tanks, Biggest Drop In 3 Years…

    So much for that mythical “recovery” Obama and the MSM have been touting.

    (CNBC) — New orders for U.S. manufactured goods fell in January by the most in three years as demand fell across the board from machinery to aircraft, suggesting the economy started the year on weaker footing than expected.

    Durable goods orders dropped 4.0 percent, the biggest drop since January 2009 when the country was still mired in a deep recession, according to Commerce Department data on Tuesday.

    Economists had forecast orders falling 1.0 percent.

    Durable goods range from toasters to big-ticket items like aircraft which are meant to last three years and more."

    Weasel Zippers » Blog Archive » Obamanomics: Durable Goods Tanks, Biggest Drop In 3 Years…
     
  2. CrusaderFrank
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    CrusaderFrank Diamond Member

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    "Transformation" is a Marxist code word
     

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