Year-Over-Year Numbers--all DOWN
Industrial Production: -0.9 Percent
Manufacturing: -0.9 Percent
Motor Vehicles and Parts: -3.5 Percent
Aircraft and Parts: -23.5 Percent
Consumer Durable Goods: -4.3 Percent
Manufacturing Durable Goods: -9.6 Percent
The Inflation Reduction Act, cleverly timed to keep things humming through through the election, helped pad demand for manufacturing durable goods, now crashing. A Hawkish Fed Projects More Inflation, Fewer Interest Rate Cuts in 2025.
In 2025, Republicans will control all 3 branches of government. And that means this is the 1st time in 2 years it makes sense to shut the government down--WHICH IN REALITY DOESN'T STOP ANYTHING IMPORTANT! That Johnson could not see the obvious is grounds for removing him. Johnson's excuses are so repetitively awful that I doubt he survives, and I hope he doesn't. The fiscal hawk hypocrites (who are only hawks when a Democrat is president), will now suddenly reverse with Trump in the White House.
Supplemental Info:
https://reason.com/2024/12/13/....federal-government-h
https://thefederalist.com/2024..../12/19/the-crumbled-
https://thefederalist.com/2024..../12/20/how-trump-can
https://thefederalist.com/2024..../12/20/joe-biden-met
