«

»

More Unexpectedly! bad economic news.

Our resident leftists have taken umbrage with me pointing out that the economy is not doing anything as well as the LSM and their DNC masters would like to pretend it is, so I find it fitting to provide yet another piece of the puzzle they can pretend doesn’t tell the story they want to avoid:

U.S. manufacturing unexpectedly contracted in November, falling to its lowest in over three years in a sign the sector may be struggling to gain traction, according to an industry report released on Monday.

The Institute for Supply Management (ISM) said its index of national factory activity fell to 49.5 in November from 51.7 the month before. The reading was shy of expectations of 51.3, according to a Reuters poll of economists.

A reading below 50 indicates contraction in the manufacturing sector, while a number above 50 means expansion. The index hit its lowest since July 2009 and contracted after two straight months of growth that followed a soft period over the summer months.

There is that word – “unexpectedly” – yet again. I think the LSM doesn’t know what unexpectedly really means. Probably on purpose. Anyway, I am wondering what that “soft period over the summer months” really is about? The same months they kept telling us where seeing great growth? And didn’t they drastically revise, downward that is too, the number for the last 2 months – yeah the ones prior to the election, where the LSM informed us the economy was roaring back to life for some unexplainable reason – making their claims all but ludicrous?

Now after the people that have kept the economy in shambles for 4 years are getting 4 more years to make it worse, we unexpectedly get a bad dip. When the same happens for the next few months, I am certain that they will blame Boosh or the republicans, and not the insane class warriors and their anti-business policies that are causing instability.

Here is an important tid-bit about why the Keynesians are wrecking the economy:

Public sector construction spending rose 0.8 percent. State and local spending dropped 0.1 percent, while outlays on federal government projects increased 10.7 percent.

I wonder are smart enough to figure out the impact on the private sector of the feds basically now controlling spending….

4 comments

No ping yet

  1. CM says:

    From your own link:

    Businesses have shown signs they are holding back on investments because federal austerity plans could trigger a recession next year

    Companies don’t like the government cutting back on spending, because it’s likely to result in less demand for their products and services.

    Thumb up 0 Thumb down 5

      
  2. AlexInCT says:

    ho deosn’t like something paid by someone else CM? I sure as hell hope you are not trying to make the argument for more government spending because evil businesses now want it oo?

    Heh, you leftists are shameless.

    Thumb up 1 Thumb down 0

      
  3. Seattle Outcast says:

    Companies don’t like the government cutting back on spending, because it’s likely to result in less demand for their products and services.

    This is how we know you don’t know what you are talking about – epic failure to understand how even rudimentary economics work.

    Thumb up 0 Thumb down 0

      
  4. CM says:

    ho deosn’t like something paid by someone else CM? I sure as hell hope you are not trying to make the argument for more government spending because evil businesses now want it oo?

    Heh, you leftists are shameless.

    Nope, simply pointing out that, and not for the first time by any means, your link says the opposite of what you want it to say.

    This is how we know you don’t know what you are talking about – epic failure to understand how even rudimentary economics work.

    There we go again, employing that same old tactic.
    Ok then Seattle, explain what this means:

    Businesses have shown signs they are holding back on investments because federal austerity plans could trigger a recession next year

    If it doesn’t mean this:

    Companies don’t like the government cutting back on spending, because it’s likely to result in less demand for their products and services.

    Thumb up 0 Thumb down 0

      

Comments have been disabled.