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  Topic: Stocks edged lower after
weak manufacturing report
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Stocks edged lower after
weak manufacturing report

Associated Press, by Staff

Original Article

Posted By:NorthernDog, 12/3/2012 5:08:06 PM

Stocks are closed lower on Wall Street after a surprisingly weak manufacturing report heightened concern that fiscal deadlock in Washington is already hurting the economy. The Dow Jones industrial average lost 60 points to close at 12,965 Monday. The Standard and Poor´s 500 index fell seven points to 1,409. The Nasdaq fell eight points to 3,002. The market opened higher but turned down at midmorning after the Institute for Supply Management reported that U.S. manufacturing shrank last month. Businesses expressed concerns about a series of sharp government spending cuts and tax increases

Comments:
Instead of blaming the manufactured ´fiscal cliff´, they should just admit the economy stinks.

  

Post Reply  

Reply 1 - Posted by: dr.lakerman, 12/3/2012 6:05:42 PM     (No. 9046755)

Surprisingly weak manufacturing, surprisingly high new jobs claim, surprisingly low whatever.... everything is surprisingly bsd about this administration.


Reply 2 - Posted by: Teleologicus, 12/3/2012 7:44:06 PM     (No. 9046871)

There can be no recovery under Obama. The economy will continue to get worse as long as his administration is in power. This, along with the wars in the Middle East and elsewhere the bungling of his international relations has made inevitable, is going to make the next few years exceedingly painful for Americans and others. It´s too bad this sort of education is required to restore some sense and responsibility to the electorate - but I am reasonably confident that the remedy, though strong and distasteful, will ultimately cure the disease. For as Benjamin Franklin noted, those things that hurt, instruct. Not for everyone, and not right away, and not always in the right way. The wrong lessons can be learned. But the American people are not, I hope, so far gone that a plurality of them will fail to grasp what the ideology embraced by Obama and many others who consider themselves educated and wise will result in in practice. This sad and tragic debacle ought to direct our attention to deficiencies in our educational system. Previous generations of Americans would never have been as foolish as the present ones.


   

 

  


 
Reply 3 - Posted by: NYbob, 12/3/2012 8:23:39 PM     (No. 9046931)

#2, it´s a new world where once proud workers grab any dole they can find, disability, early retirement, welfare. The more the ranks grow the more they will side with the handouts. I think we´ve slid into the communist rust that will drag 314 million Americans into a world they´ve only read about. Hope I´m wrong and people get fed up, but sheeple don´t complain.



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