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Yes, it's still the economy

July 9, 2012
Minot Daily News

One reason President Barack Obama and his supporters in Congress have been talking so much about their Supreme Court victory regarding the health care overhaul law is that they are hoping Americans don't notice the other news of the recent couple of weeks. Here's a sampling of what they'd prefer you missed:

- U.S. unemployment has barely budged this year. It sits at about 8.2 percent.

- U.S. manufacturing output thus far this year is below last year's level. That marks the first time in three years the manufacturing sector has contracted rather than grown.

- Consumer spending did not improve between April and May, according to the government.

- Wages paid to U.S. workers also remained flat during the past month.

- The Federal Reserve has amended its growth forecast for the remainder of this year, downward.

- And before you agree with the liberals that big, private business is enriching itself at the expense of the little guy and gal, consider that corporate profits fell during the first quarter of the year.

Early in his presidency, Obama said that if he didn't find a way to improve the country's economy during his first four years in the White House, he'd be a one-term president.

Well ...

 
 

 

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