Thanks Clintonfatigued.
"See? At this rate, we'll have a massive increase in employment in another fifteen years! Crackers."
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 ...
As I watch my life savings dwindle due to the devaluing of the dollar and the resultant inflation and watch our Congress react to the monetary crisis by cutting less than 1/10th of one percent of the deficit and then go out and brag about their accomplishments, I feel as if the nation is on a runaway train.
We have no leadership from the top. The president is out golfing and proposing additional programs to spend more money. We have decided Willy Nilly to enter into a war in North Africa and literally have spent more there than the alleged savings we are getting from the budget “compromise”.
Boehner is useless as a leader. He might be a nice guy, but we don’t need nice guys, we need ruthless tyrants to pound some sense into the Congressmen and Senators and get them to understand that the current fiscal nightmare is real and we are running downhill on the tracks at 100 mph with no brakes and there is a nasty curve ahead.
Frankly, I don’t think the Republic can be saved at this point. The train left the station without brakes and since Obama took office he has pushed the throttle to full and has no intention of letting go of the controls. Even if he did release the throttle, we are going downhill and we have no brakes.
At this point I think the only thing we will be able to do is for those of us who survive, to start all over again after the crash. But at this point, I don’t see how we can avoid the crash. Our “leaders” are just leading all of us over the cliff.
Have a nice weekend.
I used to think this kind of thinking was a little over the top. I always figured liberals were arrogant, prissy, know it all's, but when you add in that they are control freaks it makes sense.
Good! I assume we no longer need to waste massive amounts of our tax dollars on the “stimulus” now that it was worked.
I'm giving the Pubs through 2012 before I abandon all hope. Let me focus on some of the significant good things that are going on. Wisconsin is a liberal leaning state that has said "enough!" to govt employee unions. When the money laundering scheme of unions and Rats is ended a huge chunk of the Rats money dries up. Also, a liberal state turning 180 degrees is a big indicator that the country has had enough.
The elections in 2010 stopped the tax increasing and legislating of the obama agenda.
The budget deal eliminated funding for health care "co-ops" set up by the federal govt. It stopped the massive hiring of IRS agents to oversee health care and the 1099 reporting requirements.
The states fighting obamacare have won and obama has been forced to expedite the court action, putting it back on the front burner for 2012.
Paul Ryan has stepped up to the plate and laid out a serious budget proposal that can get us out of this mess.
Now the key question will be are the American people looking for an adult response to our problems, or are they a bunch of "whining children" that want someone to control all aspects of their lives? We will find out in 2012.
Has a 0.8% rise always been considered a solid increase in industrial output? Or is it solid because of who is occupying the oral office now?
Not a reason in the world...just wait a week or two and they'll quielty be revised down.
Quick buy Mutual Funds.
“the Federal Reserve reported Friday.”
This is all you need to know. The Fed with it’s hot money $600 B of QE2 and perhaps QEfinity will drive the commodity (industrial inputs) market through the roof. Just look at how much of output increases is composed of increases in nominal dollars (Output increase was .8%, CPI was up .5% and what about PPI - it’s on a 10 or 12% annualized increase).
The .8% number is basically flat or negative in real terms.
“Has a 0.8% rise always been considered a solid increase in industrial output? Or is it solid because of who is occupying the oral office now?”
It’s not solid at all - just look at inflation, and there’s your story on this nominal rise.
Yes. Solidly putrid!
That’s what I suspected...
Any good news is something to cheer about. However, the Fed is not the most credible source IMHO and 0.8% is not a stellar number.
"See? At this rate, we'll have a massive increase in employment in another fifteen years! Crackers."
If you’re running at 50% of capacity and then crank it up to 51% - what kind of output increase did you just experience?
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