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Originally Posted by scottw
I'm worried about you  you're never voting for him so don't worry about the troubles that you percieve for him, celebrate them in your mind  |
I've left my mind open until we get more data. Romney is vacillating so hard on some key issues I'm not sure which Mitt Romney is going to be there come election day.
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you should focus your concern on your hero...
Posted 09/27/2012
The final revision for the second quarter is in, and it isn't pretty: GDP grew at a yearly rate of just 1.3%, not 1.7% as earlier estimated. Worse, durable goods orders plunged 13.2% in August, the biggest drop since the recession and an ominous sign the second half will be just as bad.
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Durable goods orders in some sectors like aero were sky high earlier this summer and the market is just stabilizing. Other manufacturing indicators were positive in August, you can't just strip out a metric that makes you happy and pretend it paints a full picture.
The global slowdown is going to be a drag on the economy and there's little President Obama or Gov. Romney can do about it.
Perhaps the biggest thing we can control is a resolution on planned Government spending cuts if Congress can't get their act together...this would put a real and immediate dent in GDP.
-spence
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