Anyone who listens to president Obama or the main stream media knows that we are in the midst of an economic recovery that is gaining strength. In fact, by the time we get to election day, the economy will be roaring forward. The rise in gasoline prices is just a momentary bother; since folks became used to gas prices this high in 2008, the current high price will not have much of an effect.
Of course, that is the talking point, but here is the reality. FEDEX yesterday announced that it was going to take some planes out of service and cut its workforce through attrition. Package deliveries through the FEDEX express service fell by 4% in the last quarter. FEDEX also cut its estimate for growth of the American economy to just 2.1% for all of 2012. You should note that FEDEX deliveries numbers are not "adjusted" for seasonal factors or otherwise massaged to show something other than actual facts. You should also note that package deliveries are a good indicator of sales in the economy and of consumer spending overall. A 4% drop is extremely large. In other words, despite the spin from Obama and the Obamacrats and the supportive reporting from the main stream media, we just got a pretty accurate economic indicator that is at least flashing yellow and maybe moving towards red.
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