U.S. manufacturing output barely rose in September and contracts to buy previously owned homes recorded their largest drop in nearly 3-1/2 years, the latest signs the economy’s momentum ebbed as the third quarter ended.
The reports on Monday showed economic activity was on weak footing even before a 16-day partial shutdown of the U.S. federal government early in October that is expected to weigh on fourth quarter growth.
There is just so much new, awful stuff going on every day with Team Lightbringer that it is difficult to keep an eye on all of the wreckage. This consequence-laden second term isn’t going to have many bright spots for President Obama but you’re never going to be able to figure that out from the MSM. Don’t get too caught up in the fact that they are occasionally reporting on how awful the Obamacare roll out has been-they still think it’s just a website thing that can mostly be blamed on others. Once it is apparent even to the low-functioning two time Obama voter crowd they will go back to spinning. And they will spin until they are dead for this president.
A crappy economy and a feel-good bill that’s about to begin crippling the middle class. Good times…