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.
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!
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.
Good! I assume we no longer need to waste massive amounts of our tax dollars on the “stimulus” now that it was worked.
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?
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.
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.
If you’re running at 50% of capacity and then crank it up to 51% - what kind of output increase did you just experience?