Lake Minnetonka Liberty

"Man is not free unless government is limited"

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OBAMANOMICS: Manufacturing growth hits lowest level in 2 years

I hate to say I told you so, but I did. I’ve been saying for a couple of years now that things are going to get worse as a result of Obama’s policies, and we still haven’t seen the worst of it yet. Sorry to be the bearer of bad news, but…

Manufacturers had their weakest growth in two years in July, a sign that the economy could weaken this summer.[...]

The disappointing report on manufacturing is the first major reading on how the economy performed in July. It suggests the dismal economic growth in the first half of the year could extend into the July-September quarter.[...]

The economy expanded at a dismal 1.3 percent annual rate in the April-June period after an even worse 0.4 percent increase in the first three months of the year, the government said Friday.[...]

Employers have responded by pulling back on hiring. The economy added just 18,000 net jobs in June, the fewest in nine months, and the unemployment rate rose to 9.2 percent. Hiring by manufacturers was nearly flat in the April-June period.

The government issues its July employment report on Friday.

Worse than Jimmy Carter. He needs to leave.