The American Pharaoh has been buoyed in polls by propaganda of an improving economy. The American people have been giving him adulation and his arrogance has come out. Once again reality crashes the Obama Boom theme. Durable goods orders fell 4% in January. This throws cold water to the theme that the god-king has saved the economy.
New orders for U.S. manufactured goods fell in January by the most in three years as demand fell across the board from machinery to aircraft, suggesting the economy started the year on weaker footing than expected.
Durable goods orders dropped 4.0 percent, the biggest drop since January 2009 when the country was still mired in a deep recession, according to Commerce Department data on Tuesday.
Economists had forecast orders falling 1.0 percent.
The media will cover up this report. They don’t want to cast bad light on our Pharaoh!
