What Recovery? 5 ‘Bad Obama Economy’ Articles

Posted on July 1, 2010


A bad economic story here and there is just news. But when you see 5 bad Obama economic stories together then you see the real picture. JS 

US auto sales, in weak recovery, drop in June (AP)  

Most automakers saw their U.S. sales drop from May to June, a sign that this year’s slow recovery in the industry may be stalling.

Americans are delaying big-ticket purchases because they’re worried about their jobs in a period of high unemployment. Nervous consumers could mean a tough summer for automakers, who hope to improve sales after a dismal 2009.

“Consumers are clearly hunkering down in light of the current environment, waiting for signs of a renewed recovery,” said Jeff Schuster, executive director of global forecasting at J.D. Power and Associates.  MORE… .yahoo.com/

Weak economic data suggest recovery is fizzling (AP)  

Fears that the economic recovery is fizzling grew Thursday after the government and private sector issued weak reports on a number of fronts. MORE….yahoo.com/

Stocks end tough quarter with S&P 500 off 12 pct

 MORE.. news.yahoo.com

Manufacturing slows in June, still shows growth

An industry trade group’s manufacturing index slipped in June, but was still at a level that suggests growth in the industrial sector. MORE…  /news.yahoo.com

Interest rates mixed after weak jobs, housing data

Interest rates were little changed in the bond market Thursday after a second straight disappointing report on jobs and a sharp decline in home sales. MORE…news.yahoo.com

Job worries hurt stocks at start of 3rd quarter

Stocks began the third quarter with more selling after disappointing reports on jobs, housing and manufacturing deepened concerns about the economy.

MORE… /news.yahoo.com/