Posted on 05/26/2011 5:39:48 PM PDT by Kaslin
Economic Policy: Today's choppy economic growth conjures up memories of the '70s, when another Democrat presidency reigned over a similar period of stagnation, dubbed the era of "malaise."
Like the Carter years, the Obama years so far are marked by anti-business policies and anemic business activity. This week's raft of gloomy economic reports confirm the zombie Obama recovery has hit another dangerous soft patch.
Among the bad news:
• Businesses last month slashed orders for autos and other durable goods by the largest amount in six months.
• Industrial output dropped the most in April for any month since the start of the recovery, indicating the manufacturing sector may be rolling over.
• Jobless claims last week unexpectedly shot up and topped 400,000 for the seventh straight week, signaling that payroll growth remains soft — in fact, the pace of hiring may be slowing.
• April housing starts plunged 11%, confirming the housing industry remains moribund.
• Foreclosures last quarter accounted for 28% of all home sales — the highest share in a year and nearly six times above the normal rate. mp3Subscribe to the IBD Editorials Podcast
• Consumer spending last quarter expanded just 2% after rising at a 4% clip in the fourth quarter.
(Excerpt) Read more at investors.com ...
Carter didn't print trillions to put into the economy like Obama has.
This time it is different...
Um, we never got out of the first one.
Really - “another”?
Who could they possibly think is this stupid?
We are waiting and hoping he will go away in 2012 and we can get to work again.
Banking recovered some at no interest loans then loan money to the Government.
Cars sales were up as Banks were told to give Lair loans to help bailout GM and Chrysler.
Its the new norm your business will never reach the heights that it enjoyed before.
People afraid to buy a house , they know in 6 months they will be upside down in a few months.
QE3?
Baraq has to come up with something.
I’m sure Austan Goolsbee will get flushed, just like Christine Romer and Jared Bernstein. Doubt Econ Adv #3/4 will be much different LOL.
The MSM really can’t paper over $4 gas, surging food prices, and 8% and rising unemployment.
Well, anything but cut regulations and taxes and make doing business easier. Maybe he could sign an EO requiring businesses to hire people they do not need and cannot afford.
When was the upturn?
There's that word again....
Why cannot the Pubs advertise these 5-6 fine facts in ads or in vids,or on Facebook or on CSPAN with some communication fervor like IBD can? It galls me that they never seem to win the communication battle.
Why cannot the Pubs advertise these 5-6 fine facts in ads or in vids,or on Facebook or on CSPAN with some communication fervor like IBD can? It galls me that they never seem to win the communication battle.
I hear it’s good on asparagus......
“Obamalaise” ... excellent!!!
Bfl.
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