Wednesday, July 28, 2010
Looks like the GOP strategy is working
The latest report on orders to factory for big-ticket items on Wednesday offered another sign that the United States economy was losing strength in the second half the year.Add to this the expected increase in unemployment because the Republicans prevented all attempts and jobs bills and aid to the states and we should be seeing the onset of the second half of the Great Bush Depression just about in time for a Merry Christmas. Kudos to Mitch The Chin and The Great Orange Boner.
The Commerce Department reported Wednesday that demand for durable goods from American factories fell 1 percent in June. Excluding the volatile transportation sector, new orders decreased 0.6 percent.
The report comes on heels of Tuesday’s latest take on consumer confidence, which dropped sharply in July. With many consumers still reluctant to spend because of worries about the job market, manufacturing has helped power economic growth in the last few months.
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