Manufacturing — a consistent driver of growth over the past year -- slowed dramatically last month, according to data released Wednesday. Private job creation was exceptionally weak in May, other data showed Wednesday. Adding to that, home prices are falling, consumers are spending less, and companies are laying off more workers, according to other recent reports.WE NEED TO ENACT THE GOP BUDGET PLAN AND WE NEED TO ENACT IT NOW.
Putting it all together, the economy is still expanding, but the pace is sluggish, and it’s clearly losing momentum. Several analysts who had been relatively optimistic about growth this year have cut back their estimates in recent weeks. Wednesday’s financial markets also reflected the grim outlook.
IF OBAMA SPENT AS MUCH TIME ON THE ECONOMY AS HE HAS PLAYING GOLF AND FUNDRAISING, THEN MAYBE THE ECONOMY WOULD STINK SO MUCH.
AND ANOTHER THING;
THIS PROVES THE PORKULUS DIDN'T DO DIDDLY-SQUAT.