Tuesday, September 02, 2003
Bush formula for "growth" in manufacturing: fire some, speed up the rest
The Fox headline: "ISM: U.S. Manufacturing Growth Accelerates in August" but the fair and balanced reportage from Reuters:
So the Chinese are causing this problem how, exactly?
New orders for goods poured in at a faster pace, and as a result manufacturers boosted production to the highest level since June 1999 [according to the Institute for Supply Management].
But factory owners increased layoffs, a trend in place for nearly three years that has led to about 2.6 million job losses in the hard-hit sector.
So the Chinese are causing this problem how, exactly?
