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Friday, April 15, 2016

The economy is tanking

After eight years of Obamanomics, the U.S. economy has not recovered from the 2007-2008 recession. And new data shows the economy will tank again.

From Reuters:
U.S. industrial production fell more than expected in March as output declined broadly, the latest indication that economic growth braked sharply in the first quarter.
Industrial output decreased 0.6 percent last month after a downwardly revised 0.6 percent drop in February, the Federal Reserve said on Friday. Industrial production has declined in six of the last seven months.
Economists polled by Reuters had forecast industrial production slipping 0.1 percent last month after a previously reported 0.5 percent drop in February.
Industrial production fell at an annual rate of 2.2 percent in the first quarter. The report joined data on retail sales, business spending, trade and wholesale inventories in suggesting that economic growth slowed to a crawl at the turn of the year.
But hey, free trade and uncontrolled immigration are good for the economy, right?

Who needs factories? We can all go work for a tax-exempt foundation in Washington churning out op-eds for the Weekly Standard.


  1. We all know it's coming.

    We've had a lost decade and produced nothing and now the markets float on a cloud of air.

  2. Maxed Out Mama doesn't post too often, but when she does...
    It'll be interesting to see how bad the economy gets and how it affects the election. "Make America Great Again" might have some resonance with the hoi polloi.

  3. Yes, folks it's time once again for the EIGHTH Annual Tour of The Summer Of Recovery!

    Why do I keep hearing about the "recovery" and not seeing any evidence thereof? I attribute it to LIES.

  4. And the economic "wizard" in the White House keeps assuring the vanishing middle class that the economy is going gang busters. The only chance the economy has to recover from our generation's FDR is with less regulation, lower taxes, and a man named Trump, who will give people the confidence needed to invest in their future and the future of the country. Hillary or Sanders, it matters not which one, will drive a stake through the heart of the economy and kill it DEAD.

    1. Yes. DJT is the only guy with enough sack to stride into the Oval Office on Day One and overturn all of Obummer's illegal Executive Orders, especially the ones regulating energy (like WV coal). And the first bureaucrats who defy him will get fired. Like Ronnie and PATCO. Send a message to these bastards. Donald will not give a monkey's about what the press says. BTDT. He is the ONLY logical choice to save this country's economy.

  5. Does anyone remember Ross Perot and his prediction that NADFTA would result is a "giant sucking sound" as US jobs went south of the border?

  6. The Obama administration has done nothing to improve the economy and everything they can to worsen it. Congress has been derelict in its duty as well, under both Democrat and Republican majorities. We must elect someone with business experience, and only one candidate fits that description. The Donald. - Elric

  7. There's nothing wrong with our economy that a few thousand more brainless regulations and a war on fracking won't cure.

  8. But libs keep telling us how good it is. Jay Bookman, an editorial writer for the Atlanta Urinal and Constipation, wrote in a column last week that GDP grew by 29% over the last 7 years. That's over 4% a year! Who does he think he is, Paul Krugman? The average yearly growth has been in the twos. And of course we know the unemployment rate is not 5% since it does not count people who have given up looking for work. The real number is closer to 12%.