Why I won't be voting for Obama
- Thread starter CaptainObvious
- Start date
Speaking of the economy, what reports do we have for today...
ISM Non-Mfg Index
Bloomberg Economic Calendar, 05 Nov 2012
"Highlights
"The bulk of the nation's economy fared well in October based on the ISM's non-manufacturing index which came in at 54.2, safely above 50 to indicate monthly growth though at a slightly slower rate of monthly growth than September's 55.1. Growth in new orders slowed a bit but the 54.8 reading is healthy and points to activity down the production chain in the months ahead. Business activity, akin to a production index in this report, also slowed but at 55.4 is still solid.
"Employment is the standout in this report, rising nearly four points to 54.9 for the strongest rate of monthly growth since March. This is a positive report but it is dated a bit given disruptions underway from Hurricane Sandy. Still, going into the storm, this report suggests the economy was doing fine. There's little initial reaction in the markets.
"Market Consensus before announcement
"The composite index from the ISM non-manufacturing survey advanced to 55.1 in September from 53.7 the prior month. Notably, the new orders index increased to 57.7 from 53.7 in August. This indicates acceleration in monthly orders to a healthy level. Export orders also show a monthly increase, though just barely, while total backlog orders contracted slightly. Another big gain in the report was in business activity which means that non-manufacturers are very busy filling orders."
<img src="http://bloomberg.econoday.com/showimage.asp?imageid=23479">
Obama caused much of the divisiveness himself, not just his zealous supporters. It was Obama's thoughtlessness that led him to say, "a typical white person", it was his own initiative to have a beer summit when a white cop performed a legal arrest of one of his black friends, and he had no business whatsoever injecting himself into a crime story by sadly proclaiming if he had a son, he would look like Trayvon.
AK knows that he has an intelligent audience and realizes that proof and reason is required if they are to listen and understand.
You, on the other hand, can simply throw out these simple made up facts, and you're all but guaranteed to have every right wing nut that reads it agree with you.
It's almost humorous how easy your job is.
More facts from the same report:
Commodities Up in Price
Beef; Chemical Products; Chicken; Computer Products; Copper Products; Corrugated Products; Dairy (2); #1 Diesel Fuel (3); #2 Diesel Fuel* (3); Food Products (2); Fuel (4); Fuel Surcharges; Gasoline* (10); Gasoline Related (2); Medical Supplies*; Oils; Packaging Supplies; Pallets; Paper; Pharmaceuticals; Pharmacy Products; Plastic/Poly Bags (3); Pork; Produce; and Urea.
Commodities Down in Price
#2 Diesel Fuel*; Gasoline*; Lumber; Medical Supplies*; and Soybean Meal.
I would like to add a note here that hasn't been addressed to my knowledge, which is the puny bounty that the Bush administration put on Bin Laden's head after the 9/1/11 attacks.
It got up to 25 million dollars in the latter years, but started out much less than that. In fact, Donald Trump and the right wing media has offered more money for someone to turn up any kind of blip in Obama's demo-graphics, that might get him discharged from office.
I've always thought it insane that the Bush admins philosophy was: If someone won't bring us Bin Laden for 25 million, then we'll spend trillions looking for him in Iraq and Afghanistan.
Had they just put a 1 or 2 billion dollar bounty on him in the first place, I'm pretty sure someone would have dragged him into the Pentagon by his short and curlies within a week.
I think it's more a matter of picking up an entire media empire - although I've thought about this at times - what would I actually have to buy in order to level the playing field (not just in the media)?
The thoughts start going off in many directions.