Chicago Business Index "plummets" BEFORE "Katrina".... bush's new excuse

[cthrumatrix]

Chicago PMI shows contraction in August By Rachel Koning
CHICAGO (MarketWatch) -- A monthly measure of business activity in and around Chicago contracted in August. The Chicago PMI was reported at 49.2% The average of a survey of economists by MarketWatch looked for only modest moderation in the latest report, to 61.3% from July's 63.5%. Employment growth slowed to 51.7% after rebounding to 56.1 in July. Prices paid rose to 62.9% from 61.3%, while orders plunged to 46.5% from 69.6%. Readings above 50% indicate a majority of businesses reported steady or stronger conditions; readings below show more feel business had slowed. The Chicago index had topped this level for 27 straight months.

http://www.marketwatch.com/news/newsfinder/pulseone.asp?guid=%7B3D4A35E3%2D40B6%2D47A8%2DB1C0%2D8FE81CB09EF5%7D&siteid=mktw

When the US recession hits...all will be blamed on Katrina..which is BS.

The housing market was ready to POP like a damn balloon.

People are maxed to the hilt on credit.

Retail sales were down for the 4th straight month


Don't let them BS you... the economy was/is rolling over ALL on "commander bunnypants" watch.

(funny how bunnypants always has a catastrophe to blame things on)

[HereSince1628]

1. I heard some crazy shit on NPR about Americans accepting high gas

prices. I hate it when they take a report date as the date of the opinions it reflects. The crap I heard was based on data from June and July and the economist was talking about these _August_ numbers.

[cthrumatrix]

2. spin city.....and GDP numbers were BELOW estimates this morning

[durablend]

3. Not on $4.00/gallon gas prices

Not to mention who-knows-how high heating fuel prices. I don't see people just "accepting" that and say "oh well, guess I just won't eat this week"

[rkc3]

4. One woman I work with was lamenting high heating oil prices.

She did not buy any fuel over the summer and has none for the winter. She also told me she doesn't have the money to heat her home either.

While I feel bad for her - she is also maxed to the hilt on her credit cards - she did hand out W is for Winner buttons to the bushbots in the office after the last election.

And she also one of the biggest backstabbers and martyrs I've ever had the displeasure of working with.

[Toots]

5. Yes Bush* can blame it all on dumb bad luck but do Americans really

need such an unlucky man as their leader? Everything bad that happens on Bush*'s watch is just bad luck. Nobody's fault. Well America needs to start having some good luck once again and it starts by giving the boot to the Republicans. that would be the luckiest thing America could have happen. Republicans ousted from all reaches of Power.