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U.S. Manufacturing sector contracts for the first time in nearly a decade
CNBC ^
| 08/22/2019
| Yun Li
Posted on 08/22/2019 7:50:04 AM PDT by SeekAndFind
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To: SeekAndFind
First time in a decade? Does that mean it was growing during Obama? I’d love to see what statistics they have that supports that claim.
To: SeekAndFind
this never happened when Obama was present! /s
3
posted on
08/22/2019 7:53:18 AM PDT
by
Ken522
To: DoodleDawg
It was growing slowly.
You see this in multiple related data sets, such as manufacturing employment.
The problem was it was extremely slow growth compared to other recoveries.
4
posted on
08/22/2019 7:53:52 AM PDT
by
buwaya
To: DoodleDawg
Yea this doesn’t even make sense.
We have almost zero manufacturing which is then shipped to China.
I also question the writer and where they got the info.
Yun Li?
5
posted on
08/22/2019 7:54:11 AM PDT
by
Zathras
To: SeekAndFind
Here we go... the “Deep State” with the help of the DEMONRats and the leftist “fake news” propaganda MSM are going to try and TANK THE ECONOMY in their delusional attempts to destroy President Trump and derail his reelection.
6
posted on
08/22/2019 7:54:36 AM PDT
by
Jmouse007
(Lord God Almighty, deliver us from this evil in the name of our Lord and Savior Jesus Christ, amen.)
Comment #7 Removed by Moderator
To: SeekAndFind
Nobody here should be surprised by this. If the U.S. economy was as strong as weve made it out to be, you wouldnt see the President running around calling for cuts in interest rates that are already at or near historic lows.
8
posted on
08/22/2019 8:00:24 AM PDT
by
Alberta's Child
("Knowledge makes a man unfit to be a slave." -- Frederick Douglass)
To: SeekAndFind
“...the latest sign that the trade war may be exacerbating the economic slowdown.”
Temporary setback, if even TRUE, then we’ll be off like a raped ape once again.
MAGA! KAG! Trump. 2020. Landslide. :)
9
posted on
08/22/2019 8:00:54 AM PDT
by
Diana in Wisconsin
(We come from the earth, we return to the earth, and in between we garden.~Alfred Austin)
To: SeekAndFind
"U.S. manufacturer growth slowed to the lowest in almost 10 years in August, the latest sign that
the trade war may be exacerbating the economic slowdown."
For the part in bold, here are a few more items that CNBC can swap in depending on the agenda of the day:
Global warming
Russia
Trump
the deplorables
Christians
gun violence
the refusal to re-engage in the TPP
I'm sure there is more.
To: SeekAndFind
I’m finding this hard to swallow.
11
posted on
08/22/2019 8:04:39 AM PDT
by
Georgia Girl 2
(The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
To: SeekAndFind; All
I can TOTALLY live with this!
12
posted on
08/22/2019 8:05:41 AM PDT
by
Diana in Wisconsin
(We come from the earth, we return to the earth, and in between we garden.~Alfred Austin)
To: Alberta's Child
Shhhhhhh! Stop confusing people with facts! Oh-and dont forget that the jobs reports were revised downwards by over 500k.
13
posted on
08/22/2019 8:09:15 AM PDT
by
NELSON111
(Congress: The Ralph Wolf and Sam Sheepdog show. Theater for sheep. My politics determines my "hero")
To: buwaya
...and IIRC, it was growing at a rate below population growth - which means functionally shrinking.
14
posted on
08/22/2019 8:09:28 AM PDT
by
lepton
("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
To: Tench_Coxe
On CNBC’s home page right now, the word “recession” appears seven times.
Orange Man Bad for the economy!
15
posted on
08/22/2019 8:17:12 AM PDT
by
Deo volente
("Paging Mr. Charles Martel. Please pick up the white courtesy phone.")
To: SeekAndFind
The trade war? LOL! A tariff cannot both slow manufacturing and also increase manufacturing? It does either one or the other. A tariff PROMOTES domestic industry, it is only common sense.
16
posted on
08/22/2019 8:21:25 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: Zathras
We have almost zero manufacturing which is then shipped to China.Don't bring common sense into the discussion. /sarcasm
17
posted on
08/22/2019 8:22:30 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: Georgia Girl 2
18
posted on
08/22/2019 8:23:27 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: Diana in Wisconsin
They so evil. They take a small contraction from the top, and say it that it rose during the Obama years, when during those years it did not grow at all.
19
posted on
08/22/2019 8:23:39 AM PDT
by
cowboyusa
(America Cowboy Up)
To: buwaya
Manufacturing shrunk significantly under Obama but the fed simply reclassified other work as manufacturing.
20
posted on
08/22/2019 8:25:01 AM PDT
by
CodeToad
( Hating on Trump is hating on me and Americans!)
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