Free Markets, Free People


Economic Statistics for 8 Jun 12

The following statistics were released today on the state of the US economy:

Wholesale inventories rose an unremarkable 0.6% in April, and the stock-to-sales ratio remained unchanged for the seventh straight month at 1.17.

In April, the U.S. trade gap shrank to -$50.1 billion from -$52.6 billion in March.

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Dale Franks
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3 Responses to Economic Statistics for 8 Jun 12

  • It became apparent some weeks ago when the president talked on the stump—where else?—about an essay by a fellow who said spending growth is actually lower than that of previous presidents. This was startling to a lot of people, who looked into it and found the man had left out most spending from 2009, the first year of Mr. Obama’s presidency. People sneered: The president was deliberately using a misleading argument to paint a false picture! But you know, why would he go out there waving an article that could immediately be debunked? Maybe because he thought it was true. That’s more alarming, isn’t it, the idea that he knows so little about the effects of his own economic program that he thinks he really is a low spender.

    President Obama said Friday the “private sector is doing fine,” in a press briefing.

    • “Today, President Obama inexplicably claimed that ‘the private sector is doing fine.’ But the 23 million Americans who are struggling for work are not ‘doing fine.’ Job creators and small businesses are not ‘doing fine.’ The middle class is not ‘doing fine.’ There is no denying that President Obama has been fundamentally hostile to job creators and his policies have prevented our economy from rebounding. America needs a president who understands the economy and knows how to get our country back on track.”

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