More bad news Republicans, U.S. manufacturing expands at fastest pace in 10 months

Discussion in 'Politics' started by Chris, May 1, 2012.

  1. Chris
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    Chris Gold Member

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    WASHINGTON — U.S. manufacturing grew last month at the fastest pace in 10 months. New orders, production and a measure of hiring all rose.

    The strength at U.S. factories suggests the economy is healthier than recent data had indicated. That’s a hopeful sign ahead of Friday’s report on hiring in April.

    The Institute for Supply Management, a trade group of purchasing managers, said Tuesday that its index of manufacturing activity reached 54.8 in April. That’s the highest level since June and up from 53.4 the previous month. Readings above 50 indicate expansion.

    The report, which exceeded analysts’ expectations, led investors to shift money out of bonds and into stocks. The flurry of stock buying put the Dow Jones industrial average on track for its highest close in more than four years.

    US manufacturing expands at fastest pace in 10 months, as economy shows resilience - The Washington Post
     
  2. Chris
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    Chris Gold Member

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    Another success for Obama.
     
  3. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    Chris here's what I want you too do when unemployment figures are up post those.
     
  4. Chris
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    Chris Gold Member

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    Obama has added 4.1 million jobs since 2009.

    Here’s what Bush left us with.....

    Aug 2008 - 334,000 net JOBS LOST
    Sep 2008 - 458,000 net JOBS LOST
    Oct 2008 - 554,000 net JOBS LOST
    Nov 2008 - 728,000 net JOBS LOST
    Dec 2008 - 673,000 net JOBS LOST
    Jan 2009 - 779,000 net JOBS LOST
     
  5. Chris
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    Chris Gold Member

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    We have just had the fastest 6 month drop in unemployment since 1984.

    Obama is the Democrats Reagan.
     
  6. Dr.Drock
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    Dr.Drock Senior Member

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    Just so I can accurately keep score, Bush was responsible for the manufacturing jobs declining the first 2+ years of the Obama administration and Obama is responsible for the increase in the last 10 months?

    Is that correct?
     
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  7. Old Rocks
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    Old Rocks Diamond Member

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    Well, yes, that is correct. The damage done from the Bush admin policies didn't just go away when President Obama took office. The effects are still being felt, but the policies of the present President are having a beneficial effect now.
     
  8. Clementine
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    Clementine Platinum Member Supporting Member

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    I suspect most new jobs are due to expansion of government because the private sector opportunities are still slim. As usual, the left is touting success without backing it up.

    It would be good for Americans if businesses picked up, but we're still seeing "unexpected" increases in unemployment. The claim of manufacturing increasing at the fastest pace in 10 months could mean one job. When you start at zero, it takes little to say there is improvement. I still know many laid off factory workers and more businesses around here have closed in the past 6 months. People aren't going to believe anything coming out of Washington. People will believe what they see themselves.
     
  9. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    2.5 Million Jobs Lost During Obama’s Presidency
     
  10. Bigfoot
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    Bigfoot NRA

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    Didn't the GDP just slow to a crawl at 2.2... Unemployment (real) is about ...what 12%+. Yeah, sometimes these numbers are looking a little fishy. I wonder who is doing the numbers cooking today?
     

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