Howard Dean: “By every measure our economy is getting stronger”

Posted by on Jul 23, 2012 at 9:59 am

Um, really?

But a number of economic reports in the last two weeks indicate the economy is struggling.

A new analysis by Nicholas Colas, the chief market strategist at CovergEx in New York, reports corporate earnings estimates have dropped to levels below inflation and commensurate with 2008.

The Philadelphia Federal Reserve’s business activity index, which is considered a measure of mid-Atlantic manufacturing, contracted for the second consecutive month, at a rate worse than predicted.

Initial jobless claims rose by 34,000 two weeks ago to 386,000–the largest increase since April 2011.

Existing home sales declined 5.4 percent in June from a month earlier–the weakest numbers since October 2011.

And that just scratches the surface. Does Dean realize another recession is looking? This is weapons grade ignorance.

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2 Responses to “Howard Dean: “By every measure our economy is getting stronger””

  1. SpideyTerry on 24/24/12 at 12:26 am

    Remember when McCain got flack for saying “The fundamentals of our economy are strong”? Not a good quote, and yet it’s infinitely more intelligent than what Dean said. It’s scary that he was even considered as a presidential nominee.