This report is a mixed one. While it does say that the economy is growing (Something that Obama is not responsible for), it also portends troubled days ahead, as it shows a steep drop in manufacturing.(Tempe, Arizona) — Economic activity in the manufacturing sector contracted in June for the first time since July 2009; however, the overall economy grew for the 37th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business®.
This does not speak about which president is responsible, for either the good or the bad, and I want to, at this point, concentrate on the bad, as that is where we are really headed, despite the rosy numbers on a growing economy (numbers which I believe are only temporary). I firmly believe that neither Obama nor Bush are responsible for the bad here. Should Romney win the election, and the numbers remain the same during his first term, I would not put the blame on him either. These are MARKET forces at work, which no president has control over.
However, this report does give proof to one theory - That it is not billionaires who create jobs. It is demand from consumers, and right now, consumers are just not buying.
So, my friends. How do we get consumers to start buying again? This is the question of the day. Please, no partisan hackery responses from either Democrats or Republicans. I would like this to be a serious discussion, so I don't want to hear any crap about how Obama is a Communist or how Romney hates people who are not millionaires.
Article is here.