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August 21, 2015

Manufacturing Struggling to Get to Pre-Recession Levels

It appears the “stimulus” didn’t get things going.

We all know the Obama “recovery” has been abysmal — worse than any other recovery in modern history, despite (or should we say because of) the Democrat “stimulus” and promises of renewed prosperity. “If nothing is done, this recession could linger for years,” Obama warned in 2009. Well now look what he’s done. The Washington Post has the latest indication of a severely lagging manufacturing sector, which was a particular focus for Obama. “It took less than a year for America’s factory output to rebound from the 1991 recession,” the Post reports. “It took 3½ years to bounce back from the 2001 recession. Now, six years clear of the Great Recession, manufacturing output still hasn’t returned to the pre-crisis levels it reached in 2007, according to revised economic data from the Federal Reserve.” Some of the struggle can be explained by Obama’s sequestration of the defense budget, which has resulted in lower manufacturing for the military. But most of the decline is simply the effect of Obama’s massive redistribution of wealth and increase in the size of government. His phony investment in solar panels isn’t going to make up for that.

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