Obama economy continues to crumble as factory orders drop, jobless claims rise
“Orders placed with U.S. factories fell in August by the most in more than three years,” Bloomberg News reports. And “(t)he number of Americans filing first-time claims for unemployment insurance payments rose last week…”
The facts speak for themselves, as Americans find their economic fortunes getting worse under Obama.
“The 5.2 percent decrease in bookings was the biggest since January 2009 and followed a revised 2.6 percent increase in July, the Commerce Department said today in Washington…Demand for durable goods dropped 13.2 percent…”
“The drop in factory orders was paced by a 101.8 percent plunge in demand for commercial aircraft, the same as reported last week, and a 3.4 percent drop in computers and electrical equipment, today’s Commerce Department report showed.”
That’s not all, as the economy continues to crumble under Obama.
“Applications for jobless benefits increased 4,000 to 367,000 in the week ended Sept. 29…”
Without significant change at our nation’s Capitol employers face a tidal wave of tax hikes on January 1, and an even bigger crush of regulations and tax hikes.
