Monday, June 3, 2013

Obama Economy Strikes Again

The key word this month is "surprise" along side the Obama administrations favorite "unexpectedly"....go figure.

Surprise Manufacturing Downturn Holds Back U.S. Growth: Economy
Manufacturing (NAPMPMI) in the U.S. unexpectedly shrank in May at the fastest pace in four years, showing slowdowns in business and government spending are holding back the world’s largest economy.
The Institute for Supply Management’s factory index fell to 49, the lowest reading since June 2009, from the prior month’s 50.7, the Tempe, Arizona-based group’s report showed today. Fifty is the dividing line between growth and contraction. The median forecast of 81 economists surveyed by Bloomberg was 51.~snip~
Of course for anyone who isn't paying attention this doesn't come as much of a surprise nor unexpected. There's no way to put a positive spin on the hostile business policies and the consequences of Obamacare on what they're doing for the economy.
Every indication over the Obamessiah's term is that our economy is sinking and the middle class is taking the brunt of punishment that the democrats have doled out to the public.

Anyone who voted for them has no room to gripe about their quality of life, you wanted it you got it.

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