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Old 08-03-2009, 06:34 PM   #1 (permalink)
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Default Good news on the economy - Finally!

Growth is still some time away and jobs will continue to be lost for a bit BUT these numbers are a good sign that it is starting to turn.

ISM - ISM Report - July 2009 Manufacturing ISM Report On Business®
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Old 08-03-2009, 06:36 PM   #2 (permalink)
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All because of Obama right?
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Old 08-03-2009, 06:39 PM   #3 (permalink)
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What the heck does this have to do with Obama?
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Old 08-03-2009, 06:43 PM   #4 (permalink)
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Quote:
Originally Posted by pac213up View Post
What the heck does this have to do with Obama?
Figured he would be taking credit for the economy doing better.
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Old 08-03-2009, 06:49 PM   #5 (permalink)
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Quote:
Originally Posted by petyparamoreAHS View Post
Figured he would be taking credit for the economy doing better.
I'm sure he will at some point. That's just the way it kind of goes. Who ever is in power get's the blame or credit on the economy regardless of how much a role they actually played. Always has been that way, always will.

Politics aside though, and more importantly, the PMI number IS a very good sign. The Stock Market rebounding is a nice to have, but this is a much stronger indicator.
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