Durable goods orders plunge, Economic growth sluggish, 1.3 percent annual growth, Longest 8 plus percent unemployment rate on record, Record labor force participation rate

Durable goods orders plunge, Economic growth sluggish, 1.3 percent annual growth, Longest 8 plus percent unemployment rate on record, Record labor force participation rate

“Guilford (Large NC County) appears on it’s way to a third consecutive year with annual jobless rates in double digits. Economists say that likely hasn’t happened since the Great Depression.”…Greensboro News Record December 2, 2011

“With a 63.7% labor force participation, “conditions in the labor market are considerably worse than indicated” in July’s report”…economist Joshua Shapiro, WSJ August 3, 2012

“And if all others accepted the lie which the Party imposed

–if all records told the same tale–then the lie passed into
history and became truth. “Who controls the past,” ran the
Party slogan, “controls the future: who controls the present
controls the past.”…George Orwell, “1984″

A recent survey indicated that 15 % of Democrats believe that the economy is bad. Perhaps they selected a sample of mostly young and uneducated folks.

I just asked a classicly liberal older gentleman about his impression of the economy and he gave me an honest answer. He described it with emphasis as extremely bad.

Economic growth figures are frightening, the stated unemployment rate is the worst on record for months above 8 percent and the Labor Force Participation Rate has hit record lows. That is, the only reason that the unemployment rate is 8.1 percent instead of 11.1 percent or higher is because so many people have left the labor force.

From Bloomberg September 27, 2012.

“Plunge in Goods Orders May Restrain U.S. Expansion: Economy”

“Demand for U.S. durable goods other than transportation equipment unexpectedly dropped in August for a third consecutive month, signaling that slowdowns in business investment and exports will restrain the economic expansion.

Orders for goods meant to last at least three years, excluding volatile demand for airplanes and automobiles, fell 1.6 percent last month after decreasing 1.3 percent in July, the Commerce Department reported today in Washington. Total bookingsplunged 13.2 percent, the most since January 2009, as demand for civilian aircraft collapsed.

“The corporate sector is getting very nervous from a combination of worries about Europe, worries about the fiscal cliff and a general lack of confidence in the recovery,” saidEthan Harris, co-head of global economics research at Bank of America Corp. in New York, whose estimate for the drop in ex- transportation orders was the closest of economists surveyed.”

“The median forecast of 53 economists surveyed by Bloomberg projected a 0.2 percent gain in ex-transportation goods orders. The Commerce Department revised July data down from a previously reported 0.6 percent decrease.

The decline in total orders was more than twice as large as the 5 percent drop projected by the median estimate in the Bloomberg survey.

The world’s largest economy expanded at a 1.3 percent annual pace in the second quarter after growing at a 2 percent rate from January through March, other figures from the Commerce Department showed today. The revision, the third estimate for the quarter, compared with a previously reported 1.7 percent gain.”

http://www.bloomberg.com/news/2012-09-27/orders-for-u-s-capital-goods-signal-business-spending-slowdown.html

I spoke to a young man a few days ago. He is employed in IT. He is supporting Obama and the Democrats and is obviously brainwashed. I do not exaggerate. Just as the folks in Nazi Germany and “1984” were constantly bombarded with the big lies, the young and ignorant are in this country.

He believed that the economy was better and that Obama had created jobs. I reminded him that the Democrats took control of both houses in January 2007 and that the unemployment rate where we stood is 10.2 percent. He did not know that. I explained that we were still in the worst economy since the great depression.

We still have work to do.

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27 responses to “Durable goods orders plunge, Economic growth sluggish, 1.3 percent annual growth, Longest 8 plus percent unemployment rate on record, Record labor force participation rate

  1. Here’s what Obama thinks of the military:

    In all the years since D-Day 1945, there are only three occasions when the sitting President of the United States of America failed to go to the D-Day Monument that honors the soldiers killed during the Invasion.

    Only Three Times…
    The occasions were:

    1. Barack Obama 2010

    2. Barack Obama 2011

    3. Barack Obama 2012

    For the past 68 years, every single president, except Obama, have paid tribute to the fallen American soldiers killed on D-Day.
    This year, instead of honoring the soldiers, he made a 3,000 mile campaign trip on Air Force 1 to California to raise funds for the upcoming election. Priorities?

    ANY QUESTIONS?????

  2. Thanks RMinNC.

  3. RMinNC,
    I already know what Obama is and what he is about, you can’t be on this site and not have figured it out. Citizenwells has done everyone a service, and I mean nationwide, by allowing us to see what Obama and his cronies are really up to and where they came from. The rejection of the D-Day memorial, to those Americans whom braved all to liberate millions and destroy evil, should be remembered. Obama hates the United States, and d-Day was one of the defining moments in history that shows the courage, stamina, raw power, and acts of sacrifice for freedom that America is capable of. We weren’t the only ones there, but we should remember those Americans whom went through something to horrible to dream of, to give another generation the gift of Freedom.

    Pete

  4. Thomas Jefferson, Opinion on a National Bank, 1791: “They are not to do anything they please to provide for the general welfare, but only to lay taxes for that purpose. To consider the latter phrase not as describing the purpose of the first, but as giving a distinct and independent power to do any act they please which may be good for the Union, would render all the preceding and subsequent enumerations of power completely useless. It would reduce the whole instrument to a single phrase, that of instituting a Congress with power to do whatever would be for the good of the United States; and as they would be the sole judges of the good or evil, it would be also a power to do whatever evil they please…Certainly no such universal power was meant to be given them. It was intended to lace them up straightly within the enumerated powers and those without which, as means, these powers could not be carried into effect.”

  5. Mr. Bill(ms. helga) | September 28, 2012 at 8:26 am |

    A very sad tragedy here in northern Virginia –

    http://www.dailymail.co.uk/news/article-2209719/Pictured-The-beautiful-family-slain-hours-church-mentally-ill-father-tormented-prospect-Obama-winning-election.html
    ***************************
    Mr Bill, I wonder if Mr Peterson was concerned he and his wife were about to lose their jobs because of defense cuts under the usurper?

    The following is from the story.

    Mr Peterson was a defense contractor and Mrs Peterson worked at Blackbird Technologies, a company that specializes in defense, law enforcement and intelligence work.

  6. You know one benefit of all the polling manipulation going on is that if the business folks, investors, etc. start believing Romney is losing they may start selling stocks and taking profits before tax increases at end of year. Which might just put Romney clearly on top. Glass half full folks. I would love it if the dishonest manipulation actually causes Obama to lose.

  7. Rare Photo of Obama! Unbelievable.

    http://wtpotus.wordpress.com/

    .

  8. An Open Letter To The Honorable Arizona Governor, Jan Brewer
    September 27, 2012 By Brian Reilly

    Jan Brewer 3 SC An Open Letter to the Honorable Arizona Governor, Jan Brewer

    At the opening of the fiftieth session of the Arizona legislature, you made the following passionate comments in your State of the State address in response to the tragic shooting of Representative Gabby Giffords:

    I believe Arizona will rise on wings like eagles….. We will run and not get weary…. We will walk and not grow weak…..Arizona is in pain…..Yes our grief is profound….We are in yet the first hours of sorrow, But we have not been brought down……We will never be brought down.

    You wrote in your book, Scorpions for Breakfast, that when you looked at your audience that included legislators, dignitaries, judges, and other constitutional officers, you thought of “all the people who now looked to us to ensure that justice would be served.” You said that you “meant every word” of your speech.

    In the conclusion of your book, you wrote: “We are a free and striving people not the subjects of an overbearing government. Call me biased, but I believe this is true in Arizona more than just about any place else. We used to be a country that was proud to assert that. These days, you get called names for saying such a thing. But if our critics have learned one thing by now, it’s that we can take it. We won’t be intimidated and we won’t back down.”

    Arizona and our country are facing the worst constitutional crisis in our lifetime. We have a president in office who is an enigma. All of his records have been sealed. His birth certificate and his Selective Service System registration form have been determined to be probable criminal forgeries by Maricopa County Sheriff Joe Arpaio. Obama’s Social Security Number is also being questioned. Additionally, President Obama seems to be hellbent on destroying America’s freedoms with a plethora of constitutionally questionable Executive Orders and bills apparently designed to turn us into a totalitarian socialist state.

    Will you abide by your promise to never let Arizona be “brought down?” Do you stand by your words that Arizona “won’t be intimidated?” Will you continue to fight to “ensure that justice will be served?” Thinking Arizonans are not in pain, but they are fearful of what the future holds if the enigma called Obama is re-elected to office in November. Many believe the end of America and the rule of law is fast approaching.

    My request to you, Governor Brewer, Attorney General Tom Horne, and Maricopa County Bill Montgomery is simple. Utilize the state or county Grand Jury system to review Sheriff Joe Arpaio’s findings regarding President Obama’s identification papers to determine if criminal fraud and forgery crimes have been committed (and who benefits from these alleged fraudulent documents. )With the November election fast approaching, there is very little time left to discover the truth about President Obama and the authenticity of his identification papers.

    Arizona and America will “rise on the wings like eagles” only if we are told the truth about the Obama findings as determined by the jurors of the Grand Jury. Will the DNC and the GOP make you back down? Will you refuse to be intimidated by party elites? Will you make sure that justice is served? It’s time for Arpaio’s Obama report to go to the Grand Jury. You have the courage to make it happen.

    Sincerely,

    Brian Reilly

    Sun City West, AZ
    An Open Letter To The Honorable Arizona Governor, Jan Brewer
    September 27, 2012 By Brian Reilly 11 Comments
    inShare

    Jan Brewer 3 SC An Open Letter to the Honorable Arizona Governor, Jan Brewer

    At the opening of the fiftieth session of the Arizona legislature, you made the following passionate comments in your State of the State address in response to the tragic shooting of Representative Gabby Giffords:

    I believe Arizona will rise on wings like eagles….. We will run and not get weary…. We will walk and not grow weak…..Arizona is in pain…..Yes our grief is profound….We are in yet the first hours of sorrow, But we have not been brought down……We will never be brought down.

    You wrote in your book, Scorpions for Breakfast, that when you looked at your audience that included legislators, dignitaries, judges, and other constitutional officers, you thought of “all the people who now looked to us to ensure that justice would be served.” You said that you “meant every word” of your speech.

    In the conclusion of your book, you wrote: “We are a free and striving people not the subjects of an overbearing government. Call me biased, but I believe this is true in Arizona more than just about any place else. We used to be a country that was proud to assert that. These days, you get called names for saying such a thing. But if our critics have learned one thing by now, it’s that we can take it. We won’t be intimidated and we won’t back down.”

    Arizona and our country are facing the worst constitutional crisis in our lifetime. We have a president in office who is an enigma. All of his records have been sealed. His birth certificate and his Selective Service System registration form have been determined to be probable criminal forgeries by Maricopa County Sheriff Joe Arpaio. Obama’s Social Security Number is also being questioned. Additionally, President Obama seems to be hellbent on destroying America’s freedoms with a plethora of constitutionally questionable Executive Orders and bills apparently designed to turn us into a totalitarian socialist state.

    Will you abide by your promise to never let Arizona be “brought down?” Do you stand by your words that Arizona “won’t be intimidated?” Will you continue to fight to “ensure that justice will be served?” Thinking Arizonans are not in pain, but they are fearful of what the future holds if the enigma called Obama is re-elected to office in November. Many believe the end of America and the rule of law is fast approaching.

    My request to you, Governor Brewer, Attorney General Tom Horne, and Maricopa County Bill Montgomery is simple. Utilize the state or county Grand Jury system to review Sheriff Joe Arpaio’s findings regarding President Obama’s identification papers to determine if criminal fraud and forgery crimes have been committed (and who benefits from these alleged fraudulent documents. )With the November election fast approaching, there is very little time left to discover the truth about President Obama and the authenticity of his identification papers.

    Arizona and America will “rise on the wings like eagles” only if we are told the truth about the Obama findings as determined by the jurors of the Grand Jury. Will the DNC and the GOP make you back down? Will you refuse to be intimidated by party elites? Will you make sure that justice is served? It’s time for Arpaio’s Obama report to go to the Grand Jury. You have the courage to make it happen.

    Sincerely,

    Brian Reilly

    Sun City West, AZ
    http://www.westernjournalism.com/

  9. bob, how appropriate since Obama sent the bust of Churchill back to England.

  10. Barack Runs From His Vow To “Stand With The Muslims”

    “I will stand with the Muslims should the political winds shift in an ugly direction,” wrote Barack Obama in his 2006 Audacity of Hope. At the time, Obama was a senator from Illinois and was apparently unconcerned that he may one day be forced to act on the somewhat bizarre statement. But presidential elections tend to change things; and before the United Nations on Tuesday, Obama stated rather pointedly that he is a Christian, almost as if he was concerned that some in the American audience especially might be unsure
    http://www.exposeobama.com/2012/09/27/barack-runs-from-his-vow-to-stand-with-the-muslims/

  11. MSNBC Just Making Up Number to Support Obama

    http://commieblaster.com/index.html

  12. Bob Struss….

    That photo made my day ! thanks.

  13. Huckabee Goes There – Compares Benghazi Cover-Up to Watergate… Except 4 People Are Dead (Video)

    http://www.thegatewaypundit.com/2012/09/huckabee-goes-there-compares-benghazi-coverup-to-watergate-except-with-4-dead-bodies-video/

  14. Rush Limbaugh Accuses Obama of Coordinating a Campaign of Deceit & Lies (Video)

    Rush Limbaugh blasted Obama on running a campaign of deceit and lying to the American public.

    As evidence of this deceit Rush informed his listeners that the State Department website even scrubbed a memo that was posted before 9-11. The memo said there was no credible security threats against the United States on the anniversary of 9-11. But the State Department took it down after the 9-11 attacks.

    Rush is not afraid to report on Obama’s campaign of lies, something the Drive-by media has ignored.

    http://www.thegatewaypundit.com/2012/09/rush-limbaugh-accuses-obama-of-coordinating-a-campaign-of-deceit-lies-video/

  15. Very interesting article about how the media was giving people the real story about radical Islam BEFORE their PC and cowardice forced them to do a complete turnaround AFTER Obama. The truth got lost because they became sychophants of the “first black pResident” for the purpose of PC (with various video clips for comparison for “before Obama” and “after Obama”):

    Before Obama – The Media Told Americans About Radical Islam

    “The Project”

    How far down the rabbit hole have we gone?

    Under the Obama regime, we have seen a media blackout when it comes to the truth about radical Islam and their stated mission to destroy Western Civilization.

    In the 20th Century our enemy was Communism, which we defeated. Back then, we knew what Communism was and we called it by its real name.

    In the 21st Century, America’s enemy is radical Islam and with Obama as President, we are not permitted to call it by its real name. We have seen the name of America’s enemy stricken from all training manuals and government documents. We’ve watched while the lamestream government-controlled media has replaced truth with propaganda that squashes debate and ridicules those who dare to speak the truth.

    An enemy that cannot be named, cannot be conquered. Worse yet, the lamestream media persists in elevating the enemy; they are aiding and abetting America’s enemy to ensure its rise and America’s fall.

    Flashback – take a look at news reports prior to Obama’s Presidency and compare it to what you hear today. (examples given)

    ……..Here is a taste of the propaganda we are fed through US media since Obama’s reign. Listen closely at 1:10 min. and 2:30 min. in this interview. This unbelievable blather is echoed throughout the media coverage we’ve seen since Obama was elected, regardless of the issue or controversy being discussed. Also notice the questions and tone of the MSNBC anchor.

    It is stunning to see how far we have fallen!

    A note about the particular controversy in the above video: Throughout history, radical Islam builds Mosques at the sites they have conquered, which is exactly why they wanted the Ground Zero Mosque. More than 70% of New Yorkers opposed the Ground Zero Mosque. Why? Because we, the people, are obviously better-educated than this news anchor/propagandist. We’ve done our homework.

    http://www.trevorloudon.com/2012/09/before-obama-the-media-told-americans-about-radical-islam/#comment-70968

  16. Incredible video: Britain today….America soon?

  17. My Youtube didn’t come through above…..try googling= youtube “Britain today”…that works.

  18. Reality Check: Actions Speak Louder Than Words With President Obama and the NDAA

    Final segment looking at Ben’s one on one with President Obama

  19. OBSERVER…..

    Great article…

    “An enemy that cannot be named, cannot be conquered.”

    Too that we should add: “An enemy without a flag, or without a country cannot be conquered”.

    Since 9-11-01, we have been fighting a ghost enemy…a shadow…a figment of someone’s imagination.

    We could stay in the Middle East for ten thousand years and Al Quadia will still be there hiding in the caves, and riding camels.

    Our Middle Eastern foreign policy is a terrible joke on the American people Personally, I think our foreign policy is there to please the American military-industrial complex….

    After all, in America today, War is the only industry that continually is showing a growth..

    We should get out of that part of the world…drill for our own oil…and let those savages fight it out amongst themselves.

    We have no business trying to NATION BUILD in that area since their political-religious doctrine is completely alien and totally against to all America stands for

    The word democracy is not even in the Middle Eastern vocabulary… freedom and equality is forbidden according to Mohammad.

    I would like for one of our state department experts explain to me exactly how democracy will ever work when their religion denies it?

    I have always said we have no business in that part of the country,
    It appears our business is to protect someone else’s oil and natural resourses.

    5 star General Doug MacAuthur said it right after he was fired for his comments about North Korea. He said, “There is no substitute for victory”

    If America goes to war (any war), we should have clear objectives in mind, the will to pursue those objectives in short order, and accept nothing but a quick and final victory…otherwise, we should stay home.

    We are not, cannot, and should not, be the “policemen of the world”. The lives of our American youth are too precious to offer them up on foolish ventures such as a war against an enemy we cannot name, and has no flag or country.

    If we are interested in NATION BUILDING, perhaps we should start at home before we take it to other countries.

  20. http://www.trunews.com/listen_now.htm

    Thurs. broadcast:

    Topic: The Saudi Arabia connection to Barack Obama

  21. RMinNC 11:58am
    Good post as usual, but there is proof that the Communists never gave up and are behind the scenes exploiting the rabid Islamists.
    I posted this link before but it needs repeating:

    This is a must-read article:
    A NEW COLD WAR
    Exclusive: Former Soviet-bloc spy chief reveals secret puppet-master behind Islamic radicalism

    http://www.wnd.com/2012/09/a-brand-new-cold-war/
    **********************************
    The above gives added meaning to the little “chat” Obama had with Medvedev during the “open mic” session as well as to the present “disinformation” strategy used so much today. Our old cold war enemy never died. It is operating full force in a new suit of clothes behind the scenes of radical Islam.

  22. RMinNC,
    So how clever for Communism to be hiding behind the scenes and using such an enemy as radical Islam to complete the infiltration into every level of U.S. government! If anyone dares criticize the Jihadists then he is guilty of religious bigotry. Sneaky, indeed, and the masses are completely unaware of what’s happening.

  23. Cabbyaz…

    Oh I agree….the communist take has never died, but my point is you must be able to identify an enemy in order to effectively fight him.

    Your point on communism is a good one, especially since we have a communist leaning president , along with many members of his staff sitting in the White House right now.

    All the time, money and efforts we have expanded “fighting radical Islam” in the Middle East has only gone to strengthen Russia’s position in the world….. not to mention that Russia isn’t out one ruple .

    If radical Islam was a real problem, how come Russia, who is closer to this area than America, isn’t actively engaged in that area any more?

    Russia and Putin are very crafty…..let America carry the water. Let America lose their youth to a foolish endeavor.Let America take all the heat for their “insults to Islam”….let America waste their borrowed money on an endless hole in the ground.

    But, you are absolutely right….Russia is knee deep in the problems of the Middle East…but in a covert way. This will eventually come to light.I, like you, think most of the unrest is sponsored by Russia.

    You stated, “If anyone dares criticize the Jihadists then he is guilty of religious bigotry. Sneaky, indeed, and the masses are completely unaware of what’s happening”.

    Too this I also agree, but may I add, those serving in our elected government appear to be ignorant to this also.

  24. Regarding the Libyan consulate cover-up and murder of Ambassador Stevens and three other Americans–

    In doing some follow-up investigation from various sources on the net, it seems to me there has been a secret Iran/Al-Qaeda connection:

    http://www.brookings.edu/research/articles/2012/07/iran-al-qaeda-byman

    Iranians were coming into Libya under the umbrella of the Red Crescent. They wanted to help with the overthrow of Gadaffi because of his apparent murder of Shiite Cleric Mussa al-Sadr. This cleric went to Libya in 1978 and was never heard from again.

    Over the years there were pleas to Gadaffi to find and/or release this cleric but to no avail. Meantime Iran has cultivated ties with otherwise Sunni jihadist groups. Among these, Al-Qaeda.

    Iran, however, backs Syria’s Assad regime, which the Muslim Brotherhood is trying to overthrow. Ambassador Stevens was helping the Syrian rebels. From Iran’s perspective, this had to be stopped. So, on what side was Al-Qaeda? Iran supporting Assad, or the Muslim Brotherhood supporting the Syrian rebels?

    It looks like Stevens was caught in the middle of an inter-Muslim feud. The Obama Administration is trying to cover-up for its failed policies and avoid confrontation with Iran which may have been behind the storming of the US consulate and murder of Stevens. Anyway, that is how it appears to yours truly at this point.

  25. Good assessment Dean…thanks

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