In case you need to hear more bad economic news, manufacturing at “lowest level since 1980″
revenge oneself on more bad economic news: u.s. manufacturing strike down sharply in december and reports from abroad showed the same for plants in europe and asia, as businesses cut production and slashed product orders in response to the wide-ranging recession.the institute pro supply management’s indication of industrial producing slipped by 3.8 percentage points in december compared with the month before, to the lowest with since 1980. but, even more indications we shouldn’t suppose quick effect to turn the economy roughly if the gop has its way:republicans in congress could stand in the way of democratic president-pick barack obama’s hopes of signing a bulky economic stimulus plan into law right after he takes work on january 20.the plan, aimed at easing the economic turning-point, tops the agenda of the newly elected congress due to be sworn in on tuesday — two weeks before obama. hearings in the new congress could push a final parcel well into february.one wonders just what kind of info. would the gopers privation in order to promote an cost-effective stimulus package. perhaps, if the gop leaders all invested with madoff or the gop leaders all lost their healthfulness care insurance, we’d see some action.
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