MFG Orders0.5%, shipments1.1%-BO takes full blame-you didn't get there on your own

[Neotrotsky]

h/t hotair

June MFG Orders↓0.5%, shipments ↓1.1%-BO takes full blame- 'you didn't get there on your own '

New orders for manufactured goods in June, down three of the last four months, decreased $2.1 billion or 0.5 percent to $465.8 billion, the U.S. Census Bureau reported today. This followed a 0.5 percent May increase. Excluding transportation, new orders decreased 1.8 percent. Shipments, down two of the last three months, decreased $5.3 billion or 1.1 percent to $469.9 billion. This followed a 0.3 percent May increase. Unfilled orders, up following two consecutive monthly decreases, increased $3.4 billion or 0.3 percent to $988.1 billion. This followed a slight May decrease. The unfilled orders-to-shipments ratio was 6.27, up from 6.24 in May. Inventories, also up following two consecutive monthly decreases, increased $0.4 billion or 0.1 percent to $605.4 billion. The inventories-to-shipments ratio was 1.29, up from 1.27.​

Papa Obama takes full responsibility for that....

[ame=http://www.youtube.com/watch?v=DY5V90tpoT8]Obama: "If you've got a business, you didn't - YouTube[/ame]