The Obama Regime has bragged about factories driving the so called Obama Boom. Well even this talking point is turning into a lie. Factory orders fell in June fell .5%. As usual, the media says this is unexpected and down play it to not make the god-king look bad.
New orders for U.S. factory goods unexpectedly fell in June, a fresh sign that the slowdown in the country’s manufacturing sector likely would stretch into the second half of the year.
The Commerce Department said on Thursday new orders for manufactured goods dropped 0.5 percent during the month.
Economists in a Reuters poll had forecast orders rising 0.5 percent.
American factories appear to be one of the country’s more vulnerable sectors to Europe’s festering debt crisis.
The trend in U.S. manufacturing has appeared softer and has added to concerns the economic recovery is losing steam. The decline in new orders in June likely means softer output down the road, which could weigh on economic growth.
[….]
New orders have now declined in three of the last four months.
I have no clue what recovery this article is talking about. The truth is we are ina depression and no amount of spin or lies will change that reality.
Tags: Depression, Factory Orders, The Obama Boom
