Truthmatters
Diamond Member
- May 10, 2007
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- #101
Factory output rose in July by most since Japan crisis; single-family home construction fell - The Washington Post
Economists blamed the decline in part on temporary factors. The crisis in Japan caused a parts shortage for some U.S. automakers and other manufacturers. High fuel prices left consumers with less money to spend on discretionary goods, such as appliances and furniture.
The increase in manufacturing production suggests the economy is finally emerging from distortions posed by the Japanese production shutdowns, which wreaked havoc on the global manufacturing supply chain, said Joseph LaVorgna, chief U.S. economist with Deutsche Bank Securities.
"High fuel prices left consumers with less money to spend on discretionary goods, such as appliances and furniture"
Increasing domestic exploration and drilling might help reduce those high fuel prices.
Why doesn't he do that?
your claim