Posted on 04/15/2011 6:42:41 AM PDT by Free Vulcan
WASHINGTON (MarketWatch) — U.S. industrial production rose a solid 0.8% in March, with broad-based gains across sectors, the Federal Reserve reported Friday .
It was the fifth straight gain in factory output, as manufacturing continues to lead the economy. The increase was a modest upside surprise as economists were expecting a 0.6% gain.
In the first quarter, industrial output rose at a 6% annual rate, faster than the 3.2% rate in the final three months of 2010.
(Excerpt) Read more at marketwatch.com ...
That is a credit to the industrious American people, but not their government.
“Manufacturing continues to lead the economy”?
The irony, this story has it.
Probably expecting an inflationary or hyper-inflationary time where Americans go on a buying spree to spend the money that becomes worthless the next day.
In America, who wants to be the one to report negative numbers to “IWon”?
Reported by the Federal Reserve. So you can take that with a a little salt... next month we’ll read the numbers were massaged a bit.
What exactly do we manufacture? Cars? Anything else?
I’d like to know also.
Economic growth and increased industrial production is a mirage based on the year that Obama allowed the Bush tax cuts to continue.
Uncertainty drove much of the continued downturn the last 2 years — taxes, obamacare costs, fees, etc.
Obama just declared war again on the rich the other night and on the tax cuts again, and he’s determined to fix the deficit with higher taxes and obamacare and meddling.
Businesses are taking this one year reprieve and using it. After Obama’s speech they know that the other shoe will drop again in about 9 months, so the economy will tank right after Christmas as businesses refuse to make long-term decisions due to the specter of high taxes, costs, and government meddling.
Probably selling products overseas, because unemployeed Americans can’t afford them.
Eight tenths of one percent is nothing to write home about!
Yeah, but it's 'solid', right? The headline says so.
Why in the world should I believe these numbers? I mean....really?
in spite of Marxist manipulation by Zer0 and his minions in and out of government.
However, the numbers we are seeing are anemic.
If a president really wanted to increase manufacturing and all types of employment in the U.S, the president would support policies that make the business environment in the U.S. more favorable.
This president is of course not doing that.
I’d bet nearly all the output gains are coming from red states like Texas rather than blue states like Massachusetts.
Buggy whips, 8 track tapes, and horse manure by the ton.
I don't disagree with a thing you said.
Let me add another area of concern, rising commodity costs. As gas, industrial materials and food keep going up and the weakening value of the dollar people and businesses will find it takes more dollars to buy the same amount. However, this inflation is not being off set by increased earnings, or wages. IOW, STAGFLATION!
The gross incompetence of Obama, Bernanke and Geitner has stuck us in a liquidity trap coupled with stagflation and it may take 10 years to get out of it.
I agree, and the fact that this is a known destination, and that wages not keeping up is a known fact, then we can only conclude that Obama & Crew WANTS Americans poorer. At first glance, one would think they’re expanding the welfare state, but actually they want to have a 2 class system:
the poor
the dictators of the poor
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