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Orders for durable goods
plunged in August

Associated Press, by Staff

Original Article

Posted By:mambo 5, 9/27/2012 11:05:32 AM

Demand for long-lasting manufactured goods plunged in August because of a huge drop in volatile commercial aircraft orders. But in a hopeful sign, orders that reflect business investment plans rose solidly. The Commerce Department said Thursday that total durable goods orders fell 13.2 percent in August, the biggest drop since January 2009 when the country was in recession. Aircraft orders fell by 101 percent.

Comments:
Just love the line about the country being in recession in 2009.

Anybody home...we still are in recession!!!!

      


Post Reply  

Reply 1 - Posted by: SgtMike, 9/27/2012 11:15:01 AM     (No. 8893503)

Rasmussen; 43 % expect better economy under Romney. 34% under Bam. I don't beleive the polls that put Romney behind.

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Reply 2 - Posted by: engrpat, 9/27/2012 11:19:06 AM     (No. 8893520)

Can we start calling it was it is, Obama's Recession or Depression if reelected?

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Reply 3 - Posted by: jimmyfoxhound, 9/27/2012 11:39:48 AM     (No. 8893602)

Poor obama... this news must hurt him hard. Our poor president!!!

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Reply 4 - Posted by: lylacat, 9/27/2012 11:48:53 AM     (No. 8893636)

In many ways, we are already in a depression. I have never known so many people out of work and working low paying jobs just to put food on the table. 0bama has killed the economy in the US, and I am not sure anyone can fix it now.

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Reply 5 - Posted by: oh-heck, 9/27/2012 12:25:27 PM     (No. 8893745)

The bias of the press is staggering. Ignore that demand for aircraft fell 101%. Or consumer goods demand fell 13.2%. Look instead at the single segment that went up just over 1%. The media has to decide whether they continue to protect the president. At some point, no one will read the paper or watch news on TV. This article says AP isn't there yet.

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Reply 6 - Posted by: JimJr, 9/27/2012 12:54:25 PM     (No. 8893828)

Unexpectedly.

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