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I love when you think you're being smart Frank and post like a giddy school kid only to be shown that you just proved the other sides argument.
I do like your enthusiasm though!
Manufacturing down first time in 3 years
by Christopher S. Rugaber - Jul. 2, 2012 06:22 PM
AP Economics Writer
WASHINGTON -- U.S. manufacturing shrank in June for the first time in nearly three years, adding to signs that economic growth is weakening.
Production and exports declined, and the number of new orders plunged, according to a monthly report released Monday by the Institute for Supply Management.
The slowdown comes as U.S. employers have scaled back hiring, consumers have turned more cautious, Europe faces a recession and manufacturing has slowed in big countries like China.
The trade group of purchasing managers said its index of manufacturing activity fell to 49.7. That's down from 53.5 in May. And it's the lowest reading since July 2009, a month after the Great Recession officially ended. Readings below 50 indicate contraction.
Economists said the manufacturing figures were consistent with growth at an annual rate of 1.5 percent or less. That would be down from the January-March quarter's tepid annual pace of 1.9 percent.
"Our forecast that the U.S. will grow by around 2 percent this year is now looking a bit optimistic," said Paul Dales, an economist at Capital Economics.
Read more: Manufacturing down first time in 3 years
Read more: Manufacturing down first time in 3 years
Ooooooops!!!!
Talk about the smell of stinky shit.................
I love when you think you're being smart Frank and post like a giddy school kid only to be shown that you just proved the other sides argument.
I do like your enthusiasm though!
who cares what you love
So wait, is it a tax or is it not a tax?
So wait, is it a tax or is it not a tax?
I love when you think you're being smart Frank and post like a giddy school kid only to be shown that you just proved the other sides argument.
I do like your enthusiasm though!
Reagan was a substantial net tax cutter.
But you aren't any brighter than the other Leftists on the thread.
You're a substantial fart cutter.
Aren't you going to even try to deflect the fact that you just got waxed ?
Wait. So it IS a tax increase?
Wait. So it IS a tax increase?
No. Scalia, Thomas etal say it's not a tax increase.
And as a revenue increase, it's nowhere near the largest in history. When Mitch and the crying baby state that, they are lying through their tobacco-stained, well tanned teeth.
I love when you think you're being smart Frank and post like a giddy school kid only to be shown that you just proved the other sides argument.
I do like your enthusiasm though!
^ hypocrisy on glaring display.
RDD_d2, thinks himself clever and witty.
He's wrong.
yep, typical
yet it's conservatives who are heartless because they live in reality and not on some liberal utopia high horse
Exactly... liberals think spending your money makes them generous.
Our money. Get it right.
Wait. So it IS a tax increase?
No. Scalia, Thomas etal say it's not a tax increase.
And as a revenue increase, it's nowhere near the largest in history. When Mitch and the crying baby state that, they are lying through their tobacco-stained, well tanned teeth.
Wait. So it IS a tax increase?
No. Scalia, Thomas etal say it's not a tax increase.
And as a revenue increase, it's nowhere near the largest in history. When Mitch and the crying baby state that, they are lying through their tobacco-stained, well tanned teeth.
I'm sorry, why are you constantly referring to the dissenting opinion? You know the Conservatives were in the minority, right?
Wait. So it IS a tax increase?
No. Scalia, Thomas etal say it's not a tax increase.
And as a revenue increase, it's nowhere near the largest in history. When Mitch and the crying baby state that, they are lying through their tobacco-stained, well tanned teeth.
But the majority said it could be saved on the basis that it IS a tax.
The dissent didn't prevail.
The majority prevailed.
Ergo, the penalty isn't what Congress said it was and what the President denied it was. Pfft. What do THEY know? The penalty isn't a penalty; the penalty is a TAX (except when it's not a tax).