Biz

Big Manufacturing Miss

BETTA AXE SOMEBODY! || By FITSNEWS || The economic hits just keep on coming.  This week it’s bad news for America’s manufacturing sector, as Markit’s flash PMI – or purchasing managers’ index – posted its biggest miss on record. Based on new orders, inventory levels, production, supplier deliveries and “employment environment,”…

BETTA AXE SOMEBODY!

|| By FITSNEWS || The economic hits just keep on coming.  This week it’s bad news for America’s manufacturing sector, as Markit’s flash PMI – or purchasing managers’ index – posted its biggest miss on record.

Based on new orders, inventory levels, production, supplier deliveries and “employment environment,” a PMI reading above fifty is considered to be reflective of an expanding economy.  April’s index dipped to 54.2 (from a reading of 55.7 last month).  Analysts had expected to the measure to clock in at 55.6.

According to the firm, America “saw a waning in the rate of manufacturing growth, down to the weakest since January,” part of what it refers to as a “disappointing picture of the health of the global economy.”

The data is the latest jolt to an already jittery U.S. economy – one struggling with abysmal jobs data and rapidly fading growth projections.  Wait … what?  Didn’t the “rainbows and unicorns” crowd – that gaggle of eternal optimism – tell us 2015 was the year things were finally going to turn around?

They did … they also told us that lower gas prices were going to spark a consumer renaissance.

We knew they were full of it … and said so.  Although this is one of those situations where we wish we’d been wrong.

Having said that, we reiterate our basic advice on the situation …

Until our leaders reverse course and engage the free market – not more crony capitalism, bureaucratic enabling and welfare statism – don’t expect anything to change.  In fact expect things to get worse.

Listen to us now, hear us later …

***

Related posts

Biz

Blackbaud Confirms It Is Being Targeted For Acquisition

Will Folks
Biz

‘Bidenomics’ Jobs Report: Not All It’s Cracked Up To Be

Will Folks
Biz

Guest Column: ‘Bidenomics’ Is A Nightmare For Consumer Costs

FITSForum

57 comments

GrandTango April 23, 2015 at 2:16 pm

FITS is ALWAYS flabbergasted at news of an anemic economy. And he has been surprised for 6-plus years, now…

Yet when there was GREAT economic news, before 2008, FITS told us it was the WORST economy in history…even though we had real 4.5% unemployment, $1.65-per-gallon for gas for most of 8 years…and tax rebates…

When you have F*#king idiots- like fITS– watching as dogs… no wonder we have total FAILURE in the presidential administration…

Reply
Tango's Work History April 23, 2015 at 2:48 pm

I can hardly wait for ’16 to get here so maybe you’ll do something productive with your life?

Reply
GrandTango April 23, 2015 at 2:52 pm

Slapping the S#!t out of idiots and fools -like you- is one of the most-productive, and most needed, jobs in the country….

Reply
Rocky April 23, 2015 at 3:29 pm

Did it ever occur to you we reply to your stupidity because we find your responses entertaining? Duhhh!! Captian Obvious!!!!

Reply
GrandTango April 23, 2015 at 3:39 pm

Sure…LMAO…

IRS April 23, 2015 at 4:09 pm

Well, just as expected: no taxable income…

Reply
soxinsc April 23, 2015 at 2:48 pm

Historical gas prices 2005-2012. We were rarely under $2.00/gallon, either nationally or here in Columbia.

http://www.GasBuddy.com/gb_retail_price_chart.aspx?city1=USA%20Average&city2=Columbia&city3=&crude=n&tme=132&units=us

Reply
GrandTango April 23, 2015 at 2:51 pm

In SC they were…and thanks for linking…That graph shows how much higher gas prices are under Obama, than under Bush. That is something liberals lie about constantly…and likely one of the top reasons the economy has been so miserable for ALL of Obama’s terms…while we thrived, economically under Bush and the GOP…

Reply
Rocky April 23, 2015 at 3:06 pm

Yeah, I wish the economy was like it was when W reigned – collapse of Lehmens, Washington Mutual, housing market crash, month after month of contraction in the economy, loss of manufacturing jobs over 8 years. Oh Boy!! I miss having the clap too. That was fun.

Reply
GrandTango April 23, 2015 at 3:13 pm

I don’t give a S#!t about ill-managed big businesses failing. That just opens opportunity for the smaller guys and gals…Sounds like you suck D!*k for Big Mortgage.

Housing – like the job market- collapsed under Obama…and has stayed that way…You lying about it, does not change it..

Rocky April 23, 2015 at 3:23 pm

You seem to have a fetish for male anatomy. Does Mrs. Tango know?

Bending Over April 23, 2015 at 4:35 pm

What Mrs. Tango?

Rocky April 23, 2015 at 3:28 pm

Job market started to contract Q4 – 2007, picked up speed all of 2008. Housing market began to slide Q4 – 2006 and steadily fell apart. Unemployment in Bush’s first term averaged around 6.5%. His 4.5% unemployment boom year lasted only 10 months. You’re so full of shit toilets are jealous.Not to mention, as I often love to do, June 2008 – gas was $4.25 a gallon. Oh, so sad for you, living in a delusional state, full of crap and living in Crapville. You are pathetic.

GrandTango April 23, 2015 at 3:42 pm

Problem for you: the economy has SUCKED ALL of Obama’s terms…despite lies and manipulated data. And people know it’s your fault (see Nov. 4)…

That’s why Hillary is trying to run away from Obama as fast as she can. You can’t blame Bush again…It’s ALL yours…and people are disgusted by you…

Rocky April 23, 2015 at 3:58 pm

There you go again, “it’s all a lle, the numbers are fakes, manipulated.” Well how do you know? “Because I don’t like ’em.” Like those polls you quoted in October 2012.

GrandTango April 23, 2015 at 4:18 pm

REALITY is your most formidable enemy…and why your party is in a death spiral.

Quote-A-Fool™ April 23, 2015 at 4:21 pm

A Clue: Despite Bilions in media interference, Obama is polling in the 30s….and he’s seen as a massive failure…(see Chris Matthews)….

I doubt your little slime campaigns will work when the Republican candidate starts spending billions back…

Prepare for an overdue Ass-Kickin, for the failed king you blindly worship…”

GrandTango April 23, 2015 at 4:25 pm

Bravo….

Quote-A-Fool™ April 23, 2015 at 4:29 pm

Nice try, Dumbass.

GrandTango April 23, 2015 at 4:55 pm

I told you EXACTLY how Obama would keep F*#king up the country…you denied it…Looks like you’re the DUMB@$$…I was 1,000% correct…

Math Major April 23, 2015 at 5:25 pm

1,000% correct?

Rocky Slim Lovin' April 23, 2015 at 4:26 pm

CNN has him at 48% and climbing – in the 30s – you crack me up. You have him confused with Walker and Christie in their home states polling at like 38%.
Swing and miss – batta!! Strike two!!!

Quote-A-Fool April 23, 2015 at 4:28 pm

This was from 2008!

Quote-A-Fool™ April 23, 2015 at 4:33 pm

Sorry, ’12

Rocky April 23, 2015 at 5:16 pm

People are disgusted by me? Really? Have you read posts directed toward you lately? Mirror time.

soxinsc April 23, 2015 at 3:19 pm

All depends on what numbers you’re looking at. Under Reagan, Real GDP per Capita grew 20.4%. Under Bush I, it was 1.2%. Clinton, 22.4%, Bush II, 10.3%. Obama so far, 8.6%. If not for the economic meltdown at the end of Bush II’s term, Obama’s number would look a lot like Bush I’s, and Bush II’s would be closer to Reagan’s.

However, Obama’s past two years have seen higher numbers (greater than $50K) than all the rest.

http://www.multpl.com/us-real-gdp-per-capita/table/by-year

Reply
Rocky April 23, 2015 at 3:33 pm

He’s going to call you dumb@$$ and liar. Just warning you.

soxinsc April 23, 2015 at 3:35 pm

I’ve been called much worse by much better.

Rocky April 23, 2015 at 3:45 pm

That a boy.

GrandTango April 23, 2015 at 3:46 pm

All I have to do is walk into the F*#king barber shop, bakery or PTA meeting. F*#king that Bull-S#!t cooked numbers you console yourself with…

Listen to the BUILDER of this country…I hear stories of lost jobs, under employment, busted household budgets, depleted 401Ks, cut pay, canceled vacations, broken down cars and no hope for anything better because it’s been 6-plus years of the same old miserable Obama Bull-S#!t…

What I have noticed is that Democrats are now pulling out all kinds of data, trying to cover up the TOTAL F*#king mess you’ve made…because you know Obama’s legacy is one of failure, hatred and misery…

Bottom line: Nothing will change what you are and what you did…people know…

Rocky April 23, 2015 at 3:57 pm

Might I suggest you change barber and bakery? Oh right – you live in Crapville. Gee, in real world at those places I hear of people finding new jobs, Mom’s not having to work anymore. Guess it depends on where you live. THanks for the tip.

GrandTango April 23, 2015 at 4:18 pm

Don’t like the truth too much…do you???…LMAO…

Rocky April 23, 2015 at 4:20 pm

No, I’m suggesting where you get your observations from is not reflective of the rest of reality. What do you go get your hair cut in the ghetto or something? I can’t imagine Irmo has that many people out of work. Sounds more like you’re hanging around a bunch of retired Tea Party folks who just heard it on fox news.

GrandTango April 23, 2015 at 4:23 pm

Look no further than the Nov. 4 election…or the F*#king free-fall Hillary is in, to see how rampant the disgust w/ Obama and the Democrat Party is…

The media repeating your lies and Bull-$#!t is not working…people know…

Headlines from Drudge:
Tracking Hillary’s Use of Every American Accent East of Mississippi…
POLL: Majority of voters think untrustworthy…
PROGRESSIVES PLAN BLITZ…
Carly drawing crowds and interest in Iowa…
‘CLINTON CASH’ Author Targeting Jeb Next…

Quote-A-Fool™ April 23, 2015 at 4:25 pm

“But chances are Perry’s the next POTUS…”

“If Newt is the GOP Nominee (whoever gets it) is the next president…”

“Obama has a record…and there is just no way he can overcome that vs a man as sharp and successful as Romney…”

WE DON’T BELIEVE YOU, TANGO.

GrandTango April 23, 2015 at 4:52 pm

What’s funny..is I hoped like H#!! we would not let that disaster Obama get re-elected…your STUPID @$$ put him in to do more damage…and now you’re going back years as your ONE claim to fame…LMAO…

F*#k the country you say: Big T did not get a GREAT president as he so desired…

You’re a pretty Filthy piece of S#!t…are you not???

Rocky April 23, 2015 at 5:10 pm

So much damage. So many jobs created, people insured, 401K flush with money, stocks over 18,000. So much damage – only a fool can’t see it. Now who’s the peice of dung? Mirror time.

Quote-A-Fool™ April 23, 2015 at 5:37 pm

Biggie Boy, you picked at least three failures for the ’12 election. Only a fool would keep talking shit about how YOU know what America is waiting for. You can’t see the fact your reasoning is so flawed, yet, you just keep on ranting and laughing that ass…

GrandTango April 23, 2015 at 5:52 pm

The country is in a F*#king mess…you ignorant F*#k…I was Right about it in 2012…and I’m right about it now..

You don’t give a S#!t that people are suffering, as long as inner-city precincts are able to vote at 110% – w/ multitudes of multiple voters…and the GOP is stupid enough to put a FITS-Moderate up against you idol-Obama…

That said: you don’t have your racist god on the ticket this time…you have EXACTLY what you hated Romney for being, except she is Repulsive and not successful in business, like he is…

Can you win?…Yes…You proved that the media can sell your HATE, Bull-S#!t and failure to your Dumb@$$ cohorts…as Bush’s fault..

But hopefully people have figured out I was right all along…and they are aware that people like you are FILTHY slime who need to get the S#!t slapped out of you….

Again: Am I sick that Obama got re-elected?…YES…Do I hate that PIECES of S#!t who Suck his D!*k – like you – got 4 more years to damage us…YES…

But that does not change the fact that you are a low-life…American-hating Slime ball…who does not deserve to live in my country…and I would kick your Sorry @$$ out of it if I could……

I hope we get it back…and make it so unbearable, you leave on your own accord…

Quote-A-Fool™ April 23, 2015 at 6:07 pm

Haha! Leave on my own accord? Why, I have it great living in the USA! What will you do when the Democrats take he WH in ’16? You and Rush scouting land in Costa Rica yet? Oh, wait, isn’t he already there?? Ahahahaha!

GrandTango April 23, 2015 at 9:33 pm

Like I said: GTFO of my country BIGOT…You didn’t build it…but you are bleeding us dry..we can’t afford you…and we don’t want you…

If we don’t dump @$$-holes like you…we’ll cease to be great anymore… You don’t deserve to live in America…So get to steppin’ Dumb@$$…before I put a foot on your @$$ to help you along…

Rocky April 24, 2015 at 9:56 am

Mirror time.

GrandTango April 24, 2015 at 10:33 am

I knew it… that’s what you do to my posts when you need something interesting to say???…LMAO…

Rocky Rollin' April 23, 2015 at 4:27 pm

Yeah, she’s tumblin’ like a rock. Only beating the entire GOP field now by 10 points instead of 20 points. Whoa is me. Whoa is me. That’s OK – economy is doing good, you’ll be fine.

TontoBubbaGoldstein April 23, 2015 at 10:49 pm

Whoa is me. Whoa is me.

Woe, Nellie.

Scooter April 23, 2015 at 8:22 pm

Wonder Boy has been in office and has not fixed things yet. 8 years, ago, he said he would have us rocking in a couple of years. You can’t believe that boy.

TontoBubbaGoldstein April 23, 2015 at 10:45 pm

If not for the economic meltdown at the end of Bush II’s term,…

Other than that, Mrs. Lincoln, how was the play?

soxinsc April 24, 2015 at 2:08 pm

TBG, I don’t always agree with what you write but you do know how to pick the spots for a good laugh. Well done!

soxinsc April 24, 2015 at 2:02 pm

In SC they were not, as that chart clearly shows. I don’t know about you, but I remember gas jumping from around $2.60 to around $3.60/gal in SC after Katrina’s strike on the Gulf, and prices didn’t fall much below $3.00 until the economy melted at the end of Bush’s second term.

Reply
soxinsc April 23, 2015 at 3:05 pm

From October 1998 – June 2001, the unemployment rate was 4.5% or lower. It hit 5% in September 2001 and 6% in June 2003. In November 2003 it dropped below 6%, and in December 2005 it dropped below 5%. In September 2006 it hit 4.5% and bounced above and below that level until December 2007 when it hit 5% again.

Over the next two years unemployment continued to climb, and at the end of GWB’s presidency hit 8.3%. By October 2009 it hit 10% before starting a painfully slow decline. It took 2 years to drop below 9%, and 11 more months to drop below 8%. It wasn’t until December 2013 for the rate to fall below 7%, and fell under 6% in September of last year.

http://www.multpl.com/unemployment/table?f=m

Reply
Rocky April 23, 2015 at 3:08 pm

Sox – you’re talking to the wrong guy. He’ll just call you a liar. Tango don’t do well with facts. They get him all creepy weepy. Then he’ll start spouting off about gay sex and stuff like that. He can’t handle rational conversations that are based in facts. That just makes his head spin. He’s sort of like a demon that way.

Reply
Rocky April 23, 2015 at 3:24 pm

See his reply below to me for confirmation.

Reply
GrandTango April 23, 2015 at 3:19 pm

Again: thanks for proving me right about the increase in gas under Obama…most of you deny that like you defend 3rd-term abortion…

And: It looks like you just told me the Democrat Congress in 2006 began F*#king up the economy…and Obama has pretty much fudged numbers to not make it seem that you are as miserable as you really are…

If you believe the TRUE F-T unemployment rate is under 9% now- or has declined under Obama….you’re not just an idiot, you’re a Colossal F*#king idiot…(see Gallup)….

Like Hillary…I guess you think if you just say it – reality does not mean anything. But for people LIVING IT…some Dumb@$$ like you…claiming it…does not make it real…

That’s why the Democrat Party is in such trouble…

Reply
Deo Vindice SC April 23, 2015 at 10:02 pm

Same shit, ehh, Tango !

Reply
Rocky April 23, 2015 at 3:04 pm

So manufacturing growth – key word growth – was slower than expected for one month. Oh My God!!!! Then we have the dismal job figures – with 5.5% unemployment. Meanwhile a rebounding housing market, homes sales just went up 6.1% in March ( I missed that one Wil – what day day did you run that story? – and the sky is falling. Seriously Wil – do you just run these to get Grand Tango all pumped up?

Reply
Bible Thumper April 23, 2015 at 6:30 pm

But it is improving fast in SC. See my comment here:
https://www.fitsnews.com/2015/04/23/sc-workforce-inches-up/

Reply
E Norma Scok April 24, 2015 at 1:41 pm

The pic looks like building #3 at the General Dynamics plant in Ladson, SC.

Reply

Leave a Comment