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August 25th, 2004, 10:05 AM
#1
Registered User
Uh-oh, more bad news for the democrats
Good news for America equals bad news for the demos.
http://g.msn.com/0MNBUS00/1?http://w...wAutoBox2&CE=2
Orders gained 1.7 percent in July, their biggest monthly increase since March.
Signs of regaining steam
The U.S. manufacturing sector has shown signs of regaining steam in recent months after being hit hard by the 2001 recession. From January 2001 through July, about 2.7 million U.S. factory jobs have been lost.
Recently, however, the job picture has stabilized and output, driven by a boom in worker productivity, has increased. The Federal Reserve said U.S. factories ran at their fastest operating rate -- 76.3 percent of full capacity -- in more than three years in July.
In the durables report, overall transportation-related orders rose 5.6 percent, as orders in the volatile civilian aircraft category more than doubled from June’s tally, offsetting declines in demand for autos and military aircraft.
And, from the chart on that page, you can see that consumer confidence is up, unemployment is around 5.5%, consumer inflation at 1.8%, the Dow is back up over 10,000, etc. Not too shabby.
Of course, somebody (and you know who I'm talking about) will say that the economy is tanking. That's what he wants, the American economy to tank. But lo and behold, it's not happening. It's not in great shape, but it certainly is not tanking.
Last edited by JaxSon; August 25th, 2004 at 10:10 AM.
"YEEEEEEAAAAAAAAAEEEEEEEAAAAAAAAGH!!!" --Howard Dean, Chief of the Democratic Party
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