Wednesday, August 1, 2012

Obamanomics Shrinks Manufacturing

Unexpectedly again!

Manufacturing in the U.S. unexpectedly contracted for a second month in July, showing a mainstay of the economy was struggling to improve as global economies weakened.
The Institute for Supply Management’s factory index was 49.8 last month, close to the three-year low of 49.7 reached in June. Fifty marks the dividing line between expansion and contraction. Economists surveyed by Bloomberg News projected a reading of 50.2, according to the median estimate.
I can't believe anyone would ever vote for Obama again.

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