Thanks to Adrian Vance at http://adrianvance.blogspot.com/2016/05/the-economy.html for this.
Democrats claim the economy is “booming,” “raging” or “flying”.
Yeah well, about that:
Total sales have been declining for nearly two years, and are now 15 % lower.
Inventory-to-sales ratio is the same as it was in the depths of the last recession. There is much unsold stuff sitting around; a sign of a very unhealthy economy.
Corporate earnings have declined for four consecutive quarters. The indication of a “recession” is two consecutive quarters of decline. So, is four a Depression?
S & P 500 profits are down 7.1%. A huge RED FLAG!
Business bankruptcies are up 32 %. Chapter 11 filings were up 67 percent. This is a sign of collapse.
Rail traffic is 11% lower than in 2015. There are 292 Union Pacific engines sitting idle. (EVEN TRAINS ARE UNEMPLOYED).
191,000 mining jobs have been lost since September 2014.
U.S. employers announced 35 percent more job cuts during April than in March. Job cuts are running 24 percent above the same period in 2015.
The GDP grew at just a 0.5 percent. The formula for calculating GDP was changed last year to make the first quarter of each year look better, otherwise we would have a negative GDP, which marks an official Recession.
Barack Hussein is the first POTUS to never see a quarterly economy growth greater than 3%.
No major media has reported these documented facts.
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