Production in the U.S. rose for a sixth consecutive month

Discussion in 'Economy' started by rdean, Jan 15, 2010.

  1. rdean
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    rdean rddean

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    U.S. Economy: Industrial Production, Confidence Climb (Update1) - BusinessWeek

    Production in the U.S. rose for a sixth consecutive month, consumers gained confidence and price increases slowed, indicating the economic recovery is being sustained into 2010 without generating inflation.

    When you read articles from business magazines and manufacturing magazines, the news is not great, but getting noticeably better.

    Even on a personal level. Where i work, the manufacturing shop went from 40 hours a week to 16 hours a week for over three months. Pay for the office was cut 10% and no funds added to 401 and insurance and dental were partially cut.
    Since the first of the year, hours are back to forty and this week, our 10% pay cut is rescinded.

    Yet, Republicans are having none of it. In fact, it seems they not only want the country to fail, but they "desperately" want the country to fail. Of course, al Qaeda wants that also.
     
  2. Neubarth
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    Neubarth At the Ballpark July 30th

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    Absolute and total bullshit! As a life long Democrat I see your accusation is untrue and unethical. I will have no part of it.

    Do you know the reality of the economy with 800,000 people a week filing for Unemployment Insurance?

    Have you even bothered to track the Industrial Production numbers? Note, they are not worth tracking because manufacturing only makes up about ten percent of our economy. If manufacturing goes up three percent from the bottom, that only equates to 0.3 percent of added improvement to the overall economy. Have you looked at the Industrial Production numbers at all?
     
    Last edited: Jan 15, 2010
  3. Neubarth
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    Neubarth At the Ballpark July 30th

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    INDUSTRIAL PRODUCTION Is down about 7% for the past 14 months. In August when car sales were “soaring” we had a brief uptick in production that slowed down in September. After that it has been acting like a weak, barely flopping fish out of water.

    DEC 2009 + 0.6%
    NOV 2009 + 0.6%
    OCT 2009 - 0.0%
    SEP 2009 + 0.6%
    AUG 2009 + 1.2%
    JUL 2009 + 1.0%
    JUN 2009 – 0.4%
    MAY 2009 – 1.2%
    APR 2009 – 0.7%
    MAR 2009 – 1.7%
    FEB 2009 – 1.5%
    JAN 2009 – 1.9%
    DEC 2008 – 2.4%
    NOV 2008 – 1.3%
    OCT 2008 + 1.5%
    SEP 2008 – 2.8%
    AUG 2008 – 1.1%
    JUL2008 + 0.1%
    JUL2008 + 0.1%
    JUN 2008 + 0.4%
    MAY 2008 – 0.2%
    APR 2008 – 0.7%
    MAR 2008 + 0.2%
    FEB 2008 – 0.7%
    JAN 2008 + 0.1%
    DEC 2007 + 0.1%
    OCT 2007 – 0.7%
    SEP 2007 + 0.2%
    AUG 2007 + 0.2%
    JUL 2007 + 0.5%
    JUL 2007 + 0.5%
    JUN 2007 + 0.5%
    MAY 2007 - 0.0%
    APR 2007 + 0.4%

    Hopefully, some of that Industrial Production is going to retail sales. If it is, it is not having much of an effect on sales.

    RETAIL SALES -- Retail trade sales are way DOWN from August 2009 and way below last year.
    DEC 2009 – 0.3%
    NOV 2009 +1.3%
    OCT 2009 +1.1%
    SEP 2009 – 2.3 %
    AUG 2009 – 0.2%
    JUL 2009 –0.1
    JUN 2009 +0.8 %
    MAY 2009 +0.5%
    APR 2009 –0.4%
    MAR 2009 –1.3%
    FEB 2009 +0.3%
    JAN 2009 + 1.0%
    DEC 2008 –2.7%
    NOV 2008 –2.1%
    OCT 2008 –2.9%
    SEP 2008 –1.3%
    AUG 2008 –0.4%
     
    Last edited: Jan 15, 2010
  4. PeterS
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    PeterS Active Member

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    Ok, you are an incredibly weird democrat who wants Obama to fail. Feel better now?
     
  5. Zander
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    Zander Platinum Member

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    Nobody wants the country to fail, but the facts are the facts. Obama has been asleep at the wheel, busy trying to ram Obamacare down our throats while the economy was secondary. The economy is in the shitter no matter how you measure it. If you are so confident in the "recovery" (sic) - invest all of your money in stocks. Personally, I am 100% cash and t-bills.
     
  6. Sodafin
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    Sodafin Senior Member

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    I can't agree with that.

    I've heard Reps howling about how Obama would kill the economy since the time he started to win primaries.

    To me there has been a very clear desire that he fail totally, and an even stronger desire to blame him for events which clearly took place before he took office, and to conjure up failure where none existed.
     
  7. Neubarth
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    Neubarth At the Ballpark July 30th

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    It is not a question of wanting Obama to fail. He already has ethically and morally and actually. It is a simple question of trying to warn as many people as possible that the Economy is collapsing, not improving as Obama and his merry band of crooks want you to believe.

    All the while his assurance "that the economy is roaring ahead" has inspired many middle aged investors to put their 401K and IRA plans back into the stock market where they will be burned again.

    I would love to see the economy turn around regardless of who is president. I had hope for Obama, but minutes after he was in office it was obvious that he jumped into bed with the Corrupt Big Bankers who want more of that investment money from the fools who trust Obama.
     
    Last edited: Jan 16, 2010
  8. Zander
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    Zander Platinum Member

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    Here we are one year into Obama's term and has failed spectacularly on just about every promise and issue he ran on. Please cite some of the "successes" you think our tin-eared CIC has accomplished.

    If his Presidency ended today, he'd be considered a miserable failure.
     
  9. HUGGY
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    HUGGY I Post Because I Care Supporting Member

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    You are an idiot.
     
  10. Neubarth
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    Neubarth At the Ballpark July 30th

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    I will gladly challenge you to take an IQ test opposite me. We can use the standard Stanford IQ test. I will bet you ten thousand dollars a point. If you beat me by five points you would win Fifty Thousand Dollars. Of course, if this idiot beats you by one point, you will have to pay me Ten Thousand Dollars.

    Please deposit Three Hundred Thousand Dollars in an Escrow account with Bank of America, because I am quite confident I can beat you by thirty points or more. Come on, Be a Man and put your money where your mouth is.
     

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