Why can’t they just call this what it is?

The Commerce Department reports that Durable goods orders dropped 3.6% in April, some of the highlights: (H/T HotAir)

New orders for manufactured durable goods in April decreased $7.1 billion or 3.6 percent to $189.9 billion, the U.S. Census Bureau announced today.  This decrease, down two of the last three months, followed a 4.4 percent March increase.  Excluding transportation, new orders decreased 1.5 percent.  Excluding defense, new orders decreased 3.6 percent.  Transportation equipment, also down two of the last three months, had the largest decrease, $4.9 billion or 9.5 percent to $46.7 billion.

Then there is this lovely bit of news:

Inventories of manufactured durable goods in April, up sixteen consecutive months, increased $3.2 billion or 0.9 percent to $350.5 billion.  This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 1.7 percent March increase.  Transportation equipment, also up sixteen consecutive months, had the largest increase, $1.0 billion or 1.0 percent to $106.1 billion.  This was also at the highest level since the series was first published on a NAICS basis in 1992 and followed a 2.4 percent March increase.

The only thing I can say, without repeating myself; which cannot stand doing, is that Ron Paul might be crazy on Foreign Policy, but Ron Paul is absolutely right, when it comes to fiscal policy.

Here I go, repeating myself…..again!

The fact is, for the millionth time; Whenever excessive currency is injected into the money supply, that money supply becomes devalued, that is inflation. That causes the cost of everything to rise, which causes Businesses bottom line to rise, which causes them to either rid themselves of excess labor costs (read: JOBS) or not take on any new labor costs. That, in turn, causes what you see above. People buy stuff, when they have money; and right now, nobody has any money and the ones who do are hanging on to it for dear life. That is what happens when a bubble bursts and when an Economy collapses.

So, why not call it, for what it really is, a recession? It makes zero sense to continue to deceive the American people.