Despite the happy talk from the media, which is causing consumer optimism to increase, nothing much has really changed. The economy is still limping along sluggishly and American living standards are in decline. Food and energy costs continue to increase, while incomes remain stagnant. Industrial production dropped 0.1% for the month in January.
U.S. industrial production unexpectedly fell in January, weighed down by weak manufacturing and mining, according to a report on Friday that was another sign of slow economic activity at the start of the year.
Industrial production dipped 0.1 percent last month after a revised 0.4 percent gain in December, the Federal Reserve said.
This news does not matter to most Americans. they are being told the economy is booming, despite the fact most are struggling. Perception is now reality in Obama’s America. facts no longer matter.
