Tag Archives: Economy

Wholesale Inventories and Sales Miss Expectations

The Commerce Department reported today that wholesale inventory growth is slowing and that wholesale sales have dropped yet again.

Wholesalers are the folks that sell stuff to the retailers that sell stuff to every day Americans. When consumers buy more stuff, retailers buy more stuff from wholesalers and the wholesalers then buy more stuff and increase their inventories – that’s not what happened in March.

March wholesale inventories increased at a barely-measurable .1% after having only grown .2% the month before. Analysts had expected to see an increase in inventory growth velocity to .3% – that’s a miss.

March wholesale sales were even more disappointing. Sales of wholesale goods dropped .2%  which is the 8th straight reduction in wholesale sales.

Consumers aren’t spending so retailers don’t spend which means wholesalers don’t spend. One more report, saying the same thing, that the media seems to be glossing over. The economy still sucks.

Americans Lose Hope for Economic Rebound

A new Gallup survey shows that consumers are losing confidence in the economy at an accelerating rate.

Gallup’s U.S. Economic Confidence Index was -9 for the week ending May 3 — its lowest weekly score since December. This reflects a six-point decline from the previous week, and is the largest week-to-week drop since last July.

The survey looks at how people feel about the present economy and the future prospects for improvement. Not only were Americans down on how things are now, they are growing increasingly concerned about the future.

consumer confidence

 

Note how the economic outlook line crosses above the current conditions line late in 2014. At that point, consumers felt like things would be better than at the current time. Looking at late February ’15, we see the reversal. Current condition numbers remains hopeful, but the outlook went negative quite suddenly.

May brings about a horrific picture. Not only did current condition sentiment drop significantly, the future outlook number dropped even more indicating that Americans see the economy as worse than before and getting much worse in the future.

This index measures sentiment. As such, it does not show what people are spending or have spent. It is important though, as how consumers view the future of the economy will influence their decisions on spending.

Another factor that might be affecting sentiment is that Credit card default rates have seen a disturbing trend upwards leaving many maxed-out Americans unable to use debt to finance purchases.

If Americans think they might lose their jobs, have their hours reduced or are having trouble paying their current bills, they won’t run out and buy that new car, T.V. or refrigerator. They’ll just make do with what they have.

This negative outlook on the economy may be an indicator of why the recent decrease in gas prices has done nothing to boost consumer spending.

Bank Card Defaults Soar to Five Year High

Credit cardsReleased today, the S&P/Experian Consumer Credit Default Indices showed the largest two-month increase in the rate at which consumers are defaulting on credit card debt since 2010.

The bank card default rate increased 15 basis points to 2.99% following an increase of 23 basis points in February, the largest two month increase since April 2010.

Slowing retail sales in March, lackluster wage growth are contributing factors the increase in the speed at which consumers are failing to pay their credit card bills. Card holders are also likely running into the upper-end of their available credit and are having to choose between necessities like housing and keeping that card in the wallets.

As more Americans reach the end of their ability to buy retail goods on credit, those in the retail trade are likely to see more of a slowdown in sales.

The barely growing economy may have been largely paid for on plastic – and the limit may have just been hit.

HuffPuff Propagandizes a FOX Reality

I go through the headlines and news stories in over one-hundred publications daily. I do this so that I can view multiple sources on some of the same stories. Doing this allows me to formulate what is fact and what is disingenuous spin; propaganda meant to trick the public into thinking one way instead of another. Make no mistake, both ideological prospective do it. It’s the art of modern political war. But the Progressive Left has myriad vehicles to attack the ideological Right, where the Right has many fewer (thank you uber-stingy money people on the Right).

A perfect example of the Left’s disingenuous attack on the Right’s information sources comes in an article in the Huffington Post by Jack Mirkinson titled, FOX News Really Doesn’t Want to Talk About the Good Jobs News, where he writes:

“Quick! Can you find Fox News’s coverage of the latest job figures?”

He includes some main page screen shots.

“Still can’t find them? OK, we’ll help you out. What if we zoom in?…OK, OK, we’ll show you! The link is that little one right in the corner there…For some reason, FOX News appears to want to downplay the very good job numbers. For good measure, the network also downplayed the figures on its airwaves as well.”

He then goes on to show how the far-Left mainstream media outlets dutifully took the Obama Administration’s spun numbers touting them as miraculous by supplying one – one – example: a screen shot of CNN’s breaking news on the numbers.

The good numbers that Mr. Mirkinson points to are the BLS statistic that 288,000 jobs were created last month. Is that good news? Yes. Is it the miraculous news Mr. Mirkinson suggests? No.

Throughout the Obama Administration the majority of the jobs “created” have been either service industry jobs or part-time jobs. College graduates remain woefully under-employed and those experienced in the workforce who have been downsized or otherwise screwed out of a job find it almost impossible to find work. And if you are over 50 and have been out of work for a period of time, you might as well come to grips with the fact that you have become unemployable under Mr. Obama’s economy.

Where the Obama Administration and its sycophants want everyone to believe that the creation of 288,000 jobs is the greatest news since sliced bread, the facts remain…and they are not good.

▪ The U3 unemployment rate hovers at 6.1%. The U3 rate measures the unemployment of people who are without jobs and who have actively been looking for work within the past four weeks.

▪ The U6 unemployment rate hovers at 12.1%. The U6 rate reflects “discouraged workers,” or those who have stopped looking for work because current economic conditions make them believe that no work is available for them; “marginally attached workers,” or “loosely attached workers,” or those who “would like” and are able to work, but have not looked for work recently; and part-time workers who want to work full-time, but cannot due to economic reasons.

▪ The Labor Force Participation Rate is stuck at 62.8%.

These statistics mean that in a country of 318 million legal citizens, 92.2 million eligible for employment are without work. Almost one-third of the population is unemployed.

Further, the rate of those not in the labor force has exploded since 2000. Over the past 14 years – and predominantly during the Obama years – we have removed 14,022,376 from the labor force who are eligible to work. That’s over 1 million eligible workers removed from the workforce each year, on average.

So, understanding the reality behind the unemployment data – disingenuously termed the “jobs numbers” by the talking heads, when more accurately they should be referred to as the “jobless numbers” – how can anyone celebrate the creation of 288,000 menial and part-time jobs when we add one million people a year on average to the under- and unemployed demographic?

The American free-market Capitalist system is the only economic system to have ever – ever – created a Middle Class in the history of man. In its purest form it made the United States of America not only the world’s preeminent superpower, it made the United States the “land of opportunity.” Today, that is hardly the case. The Middle Class is disappearing are a rapidly increasing rate and opportunity is disappearing from our economic lexicon. Why, you ask? The answer is simple: the government manipulation of the American free-market Capitalist system.

Special interests in government have saddled the small business sector with an overwhelming number of regulations, while newer and more intrusive mandates continue to smother the job creators, literally stealing food from the mouths of the hungry in the form of disappearing opportunity.

Obamacare, environmental zealotry, socialism in the form of labor union oppression, manipulation of free commerce, all of these economy-stunting and job-killing maladies are introduced into the American free-market Capitalist system by government and the big-money, well-organized special interest groups that see success and American exceptionalism as a cancer, not a cure. Sadly, today, these creatures of negativity and societal destruction are in power…and on both sides of the governmental political aisle. Unless we shift the political paradigm radically back towards true limited government, it is only a matter of time before our Republic is lost.

So, Mr. Mirkinson, the jobs news is good? Please. The jobs news sucks.

As we celebrate the 238 anniversary of the Declaration of Independence, we should all be willing to look at the chains upon our wrists and ankles. We have allowed ourselves to become slaves to an oligarchic elite and their special interest benefactors. They feign concern about unemployment as they try to tell you they are just like us. That couldn’t be further from the truth. Case in point: Mrs. Clinton’s comment about being “flat-broke” when she and the former President left the White House. How does someone who is flat-broke acquire a multi-million dollar mansion in Chappaqua, New York and maintain two “summer cottages” in Ireland being flat-broke? It’s a lie, and one meant to deceive.

The good news it this. We can remove those chains and get back to good. We can free ourselves of the disingenuous and elitist oligarchs with which we are currently saddled. We have the power and it is a power that begins with the ballot box and navigates the seas of prosperity through limited government.

The time is now. Let us not be faint of heart.

What today’s economic news tells us about the ‘recovery’

Listening to the President, his administration, some in Congress and several news reports, many would say the economy is recovering slowly but gaining traction. Seeing the economic data released today may reveal a somewhat more real reality.

The unemployment figures released this morning seem promising, but only in a vacuum. Claims dropped 24,000 to a seasonally-adjusted 297,000 for May. What the report doesn’t tell us is why fewer people filed claims. Was it because all of these folks have found gainful employment? Or are fewer people re-entering the labor market after having given up on finding a job some time ago?

Home builders are feeling less confident in a housing recovery. The latest survey of builders dropped to 45 for May and the April number has been adjusted lower.  Anything below 50 is considered “negative sentiment.”

The Philadelphia Federal Reserve Bank’s business activity index dropped from 16.6 in April to 15.4 in May. New orders also saw a decline from  14.8 to 10.5 indicating that the pace of growth is slowing.

If economists’ data isn’t enough, two of the nation’s largest retailers are reporting disappointing earnings.

Wal-Mart reported the smallest sales growth in 5 years today. The report blames the harsh winter for keeping customers out of their stores, but then goes on to forecast a second quarter that will come in below analysts’ expectations.

Kohl’s reported their first quarter results today and missed – on both sales and earnings. The retailer showed a $13 million drop from the same time last year in sales and missed analysts’ expectations by $15 million.

The Real Value of Gold

You don’t have to be an expert to realize something just isn’t right in the economic world! Peter Schiff and GATA’s Bill Murphy discuss Quantitative Easing, inflation, and the real value of gold!

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Saturday Night Cigar Lounge Sept. 7th

When:Saturday, August 31st, 10pm Eastern/7pm Pacific

Where: Saturday Night Cigar Lounge with Taylor on Blog Talk Radiosncl_logocdn

What: Saturday nights were meant for cigars and politics.

Hear Taylor and his co-host Liz Harrison talk about everything from the past week – from politics, to news, to books, and entertainment. Whatever comes to mind, and of course, sobriety is not likely.

Tonight: Jason Pye from United Liberty, and Jackie Bodnar from FreedomWorks join Taylor to talk Syria, liberty, and more.

Listen to internet radio with CDNews Radio on BlogTalkRadio

To win, Republicans should focus on economics

fairtax

As I have written a number of times here on CDN, the GOP is viewed very negatively by the majority of the American public, especially women, youngsters, and minorities – key demographics that the GOP absolutely must win over to remain a viable party, let alone to win future elections.

What is the key to winning their votes? It’s not accepting amnesty for illegal aliens or abortion on demand. Instead, Republicans should focus like a laser on the issue most important to these groups (and to the American electorate at large): the economy.

According to Gallup polling, economic issues (jobs, economic growth, the federal budget, taxes, fair trade) are by far the most important issues for American voters, far more than education, healthcare, or foreign policy. Yet, these days, we seldom hear Washington and the media talk about anything other than Benghazi, Syria, the Obama admin scandals, immigration, and social issues. While these issues are not irrelevant, they pale in importance compared to the economy. It doesn’t matter if the Benghazi scandal is investigated fully if the economy doesn’t recover and unemployed Americans (including college grads) don’t find jobs.

It’s the economy, stupid!

Republicans need to note that and act accordingly. Luckily, there’s a huge opening for Republicans here, because, as stated above, BOTH major parties and the media seldom talk about the economy, despite its importance to American voters (including the key demographics listed above), so Republicans have a chance to distinguish themselves from the Democrats.

From now on, Republicans should devote only a minimum amount of time and hearings to Benghazi, Syria, Obama admin scandals, and social issues, and devote the vast majority of their time and legislation to the economy, while also conducting town hall meetings, listening tours, and media interviews on that subject – and thus, force the media and the Democrats to shift the subject of the national discourse to the economy.

Thus, Republicans would force Obama and the Democrats to fight on grounds favorable to Republicans – grounds where the Democrats cannot win.

But just talking about the economy won’t be enough; one must also propose, and attempt to implement, effective policies. Specifically, Republicans should pass in the House, and introduce in the Senate, bills that would:

  1. Cut spending seriously along the lines proposed in the Ryan Plan or, even better, the Republican Study Committee’s plan, e.g. the RSC’s Spending Reduction Act.
  2. Privatize government-owned enterprises such as Amtrak, the Postal Service, the Corporation for Public Broadcasting, etc.
  3. Provide full funding and a permanent authorization for the Export-Import Bank, which supports US industry and exporters without providing any subsidies.
  4. Institute the Export-Import Certificates for foreign countries proposed by Warren Buffett – thus allowing foreign countries to export to the US only as much as they import from the US, and also institute strict product quality standards on foreign (including Chinese) products.
  5. Strengthen Buy American laws.
  6. Utterly reject any form of amnesty for illegal aliens and dramatically cut down the levels of immigration, both legal and illegal, while making it easier for highly-skilled foreign workers and university grads to immigrate to the US and contribute to the US economy.
  7. Block-grand Medicaid to the states and pass Medicare and SS reform.
  8. Pass legislation that would legalize fracking throughout the country, open all shale oil and NG reserves, open the ANWR and the National Petroleum Reserve in Alaska, authorize the Keystone Pipeline over Obama’s objections, and authorize offshore oil drilling.
  9. And most importantly, abolish the IRS, the Internal Revenue Code, and the 16th Amendment and replace them with the FairTax (H.R. 25). The IRS is not an agency whose powers have been abused – the IRS and the federal income tax are DESIGNED for abuse. They are DESIGNED to be tools of oppression per se. Making the income tax flat, or eliminating section 501(c)3, or “improving oversight”, or passing a mild reform bill will NOT solve the problem, because it would still leave the IRS (with its awesome audit and status denial powers and its huge bureaucracy) and the income tax (which punishes people for productivity and takes away what they’ve earned) still in place. So a flat income tax would change NOTHING. ONLY the FairTax bill (H.R. 25) would solve the problem by abolishing the IRS and the income tax FOREVER, mandating the destruction of all personal records held by the IRS (except those related to SS, which would be transferred to the SSA), and initating the repeal of the 16th Amendment.
  10. States should also enact significant economic reform by cutting taxes and spending, implementing tort reform (including the Loser Pays rule), and adopting Right-to-Work laws.

Last but not least, Republicans should explain, in detail, to average Americans how exactly these policies would benefit them directly. This is something that Republicans have so far failed to do.

In trying to win future elections, Republicans will be climbing uphill. But the economy is not an issue of just one special interest group or one demographic. It is an issue which all Americans care about, and the vast majority prioritize above all other issues, yet, the media and Washington seldom talk about it. If Republicans start prioritizing the economy instead of Benghazi and Syria, they’ll show the public they are totally different – they’ll offer a totally different, and a much different, product to a public that is eager to buy it.

Saturday Night Cigar Lounge July 27th

When:Saturday, July 27th, 10pm Eastern/7pm Pacific

Where: Saturday Night Cigar Lounge with Taylor on Blog Talk Radiosncl_logocdn

What: Saturday nights were meant for cigars and politics.

Hear Taylor and his co-host Liz Harrison talk about everything from the past week – from politics, to news, to books, and entertainment. Whatever comes to mind, and of course, sobriety is not likely.

Tonight: Taylor talks to  Liz (yes the co-host) about her recent Politichicks article found here: http://politichicks.tv/column/sex-lies-politics-priorities-self-respect-walking-in-huma-abedins-shoes/ It’s awesome you should read it.

Also expect Texas politics talk, tattoo talk (again) with a heavy dose of freedom and liberty.

Listen to internet radio with CDNews Radio on BlogTalkRadio

 

What Obama’s “Bulworth” Comment Shows About Us

bulworthtaylor
Almost forgotten within the whirlwind of last week’s columns and news stories covering the Obama Administration’s scandals was a piece from The New York Times discussing the “onset of woes” he’s had to deal with. Various aides told The Times on, and off, the record how the President is doing all he can to make sure his second term agenda gets accomplished. They also mentioned how Obama is frustrated and “exasperated “with Washington, something which isn’t new to anyone who’s watched one of his news conferences.

The most telling comment in the piece is how Obama has talked about “going Bulworth” and just saying what he actually thinks. This is a reference to the Warren Beatty/Halle Berry film about a California senator who decides to tell everyone what he believes, no matter the consequences. The New York Post has taken it to mean Obama wants to come out and admit he’s a socialist, which the Bulworth character is. This could be true, but it also reveals a problem with our political system.

Politicians have a problem with being 100-percent honest. Big surprise, but a David Axelrod quote following the Bulworth revelation is even more telling. Axelrod told The Times, “But the reality is that while you want to be truthful, you want to be straightforward, you also want to be practical about whatever you’re saying.”

 

It’s not that politicians can’t tell the truth, it’s that they don’t think the public wants to know the truth.

 

The sad part is…they’re probably right.

 

More people would rather be told that things are “going to be okay,” instead of hearing the horrific reality of the situation.

 

The 2012 election is a perfect example of this. Mitt Romney and Paul Ryan were vilified for discussing the nation’s $16-trillion in debt. Columnists like Paul Krugman claimed the nation’s debt isn’t an issue, while Obama told David Letterman “we don’t have to worry about it short term.” Letterman asked only one follow up but that shouldn’t be surprising. He’s not Jake Tapper.

 

When Romney spoke his mind in the “infamous” 47-percent quote, he was said to “not represent all Americans” and to have “written off half the nation.” Obama, again, told Letterman about how he wanted to represent the “entire country,” but didn’t talk the substance of Romney’s quote, why he may have said it or the context.

Guaranteed: more people saw Obama make those comments than any of Romney’s speeches on the debt.

 

However, it’s not just Romney who was vilified. Ron Paul was called a “dangerous man” for some of his positions. A look at the jokes the late night talk show hosts said about Paul, shows they saw him more as a “crazy uncle” and not a real candidate. Now, Paul is a horrible messenger from time to time (see his Chris Kyle tweet and his September 11th comment) but he’s at least willing to speak his mind and tell the truth. Something refreshing in politics.

 

As much as people claim to want the truth, the reality is much different. The truth hurts and people prefer “flowers and sunshine” to reality. There’s a difference between pointing out problems and solutions, and just telling people it will be okay. This is why politicians use double-speak and seem distance. A majority of people don’t want reality.

 

There is a way for conservatives and libertarians to break through this. Outreach. Real outreach, not the failed attempt of Project ORCA by Romney’s team during 2012. Get out in the community and be with people. See what they experience. Explain to them how freedom and liberty is important and show them how it can make their lives better. Support what Deneen Borelli and Wayne Dupree are doing in the Black community and what “True the Vote” is trying to do with the Hispanic community. Talk to friends. Engage them.

 

 

And keep politicians accountable. It’s not always pragmatic to change one’s mind. Sometimes it’s simply political. Get them to explain why they do what they do. Get them to tell the truth.

 

 

It’s the only way to prove Axelrod and his ilk wrong.

 

And to make sure Bulworth isn’t “just” a movie but reality.


 

Amid scandals, Obama re-re-re pivots to jobs and the economy

obamas_economyThe President is off to Baltimore today to do what he does best – give speeches – in hopes of taking the focus off of a series of government scandals.

President Obama will visit a school, a dredging manufacturing plant and a worker re-training center on this trip.

Obama is continuing his “Middle Class Jobs & Opportunity Tour” which started last week in Austin, Texas.

Just this week the Bureau of Labor Statistics announced troubling statistics. First time jobless claims surged up to 360,000.

During his Texas tour stop, the President told attendees that America needed to become a better magnet for good jobs, government needed to help people earn the skills they need and that “we’ve got to make sure people’s hard work is rewarded so that they can make a decent living doing those jobs.”

During his first five years in the White House, President Obama has been criticized for a lack of action on the economy and jobs.

The President ignored and then disbanded his jobs council, has delayed the Keystone XL pipeline, targeted coal mining companies, dumped millions into failing green energy companies and dumped tons of money into ineffective stimulus programs like cash for clunkers all while getting Obamacare passed, pushing a failed attempt at a gun grab and hosting several star-studded parties.

In the last week, a series of government scandals involving the IRS, Department of State and Department of Justice have flooded the news.

Obama pivoted, then had a laser-like focus, then re-pivoted and is now pivoting again  to that which Americans have cared about most: jobs and the economy.

“progressives” in American Politics

republican-democrat-battleWhile “progressives” have existed in both major American political Parties for over a century, in recent years “progressives” have consumed the Democratic Party’s structural hierarchy while simultaneously increasingly insinuating themselves into the ranks of Republican Party leadership. This has led to a blurring in the minds of the American voter of the distinction between the two. Combine that blurred distinction with the growing reality that members of both Parties are increasingly interested in keeping their own powerful positions, replete with benefits comparable to royalty, and it becomes dangerously less possible to distinguish between them.

When Republicans sound and act like Democrat-light and Democrats hijack the rhetoric of and abduct issues from the Republican Party, how can the voter reasonably expect to decipher the difference?

The American political system has been corrupted by self-interested career politicians far more interested in their own political survival and the accompanying feeding from the public trough than they are in looking out for the interests of the American voter.

Americans need to realize that the Republican versus Democrat political paradigm, if not dead, is on failing life support.

Being a Republican no longer consistently means standing for constitutionally limited affordable government, lower taxes and a free market the_unified_democrat_republican_platform-460x307capitalist economic system. Today’s Democratic Party is definitely not the Party of John F. Kennedy. The Party of “Ask not what your country can do for you, ask what you can do for your country” has become the Party of steal from the productive and control the redistribution of that wealth to a government dependent class which cries out “give us more free stuff.” In the interest of getting themselves re-elected, members of both political Parties have moved in the direction of giving away “free stuff,” be it in the form of Welfare and Food Stamps to the inner city poor or in the form of subsidies and tax breaks for special interest groups eager to be on the receiving end of crony capitalism.

In the twenty first century, the contemporary political paradigm in America is no longer Republican versus Democrat. It is Americans versus “progressives.”

If you are a “progressive” you are not an American, and if you’re an American you will never be a “progressive.”

Upon what foundation can such an assertion be made?

Today, the political philosophical divide in the United States lies between the intent of America’s Founding Fathers and the intent of “progressives”, who favor the Marxist view. The Marxist view is directly, fundamentally and diametrically opposed to the uniquely American view.

America is the birthplace of freedoms that allows everyone the right to own private property.

How would Americans react if, after years of struggle to make their mortgage payments, they finally owned their own home, then, what they thought was an American government “informed” them that their home did not belong to them after all, it belonged to “all of the people” and Americans had to follow government mandates to allow strangers to live on their property and in the home they had long labored to purchase…whether they liked it or not?

declaration-of-independenceThe American idea, the shot heard round the world, is that the people can govern themselves. By the Laws of Nature and of Nature’s God Americans are entitled, by virtue of their humanity, to the maximum amount of Individual Liberties consistent with law and order, and to the Right of private ownership, not the least of which is the Right to own and decide for themselves. Where to live, what to do for a living, what to eat, where their children will go to school, what motor vehicle they will drive, what healthcare plan and which doctors work best for them. These Liberties and Rights are to be equally protected by a constitutionally limited, representative government that derives its just powers from the consent of the governed.

America’s Founding Fathers declared that all men are created equal; that in effect, all men are kings, that they are endowed by their Creator with certain unalienable rights; that among these are life, liberty, and the pursuit of happiness. They believed that a self-governing people could thrive without the “benefit” of having an oligarchy ruling over them.

A system which allowed “common people” to own property without first obtaining permission from a “divinely ordained” ruler – the American US Constitution - We The Peoplesystem – was a radical departure from centuries old norms. As originally designed by its Founding Fathers, America was a place where anyone could come, work hard, earn money, save those earnings, purchase property and elevate themselves and their posterity to a level that had hitherto been unattainable where individuals remained shackled by the constraints of older political systems. America was the place where undue government interference did not prevent individual achievement.

The “progressive” idea is that an all-powerful centrally planned government, with extreme hostility towards private ownership, forces redistribution of wealth in the name of social or economic “justice”. In order to ensure “fairness”, an oligarchy of self-imagined, self-appointed “intellectual elites” will control businesses, industries and people who are incapable of governing themselves.

These “progressive” ideas are European in origin, not American.

By fleeing Europe, America’s settlers rejected Europe’s failed ideas in pursuit of a better future. A future where their dreams and ambitions were no longer restricted by the outmoded constraints imposed upon them by the European socio-economic class structure.

For over two centuries America has been an unprecedented success where a five thousand year leap was possible. Since its birth America has been a beacon to freedom seeking people because the American idea is the better idea.

Among Americans there is no debate that the United States of America is by far the most inventive, productive, prosperous and charitable nation in the history of the planet. Among “progressives,” America is populated by backwards thinking, greedy, evil bigots who need to be “enlightened” and shown the error of their ways by their “progressive” superiors.

There has yet to be put forth one rational, logical argument to support abandoning the highly successful American idea in favor of European ideas that are currently failing in Europe itself.

http://mjfellright.wordpress.com/2013/05/08/progressives-in-american-politics/

Love. Early American Style.

Ford Motor Company U.S. Sales Up 18 Percent

Ford Fusion, Ford Escape and new Lincoln MKZ Set Sales Records

DEARBORN, Mich., May 1, 2013 /PRNewswire/ —

  • Ford Motor Company April U.S. sales up 18 percent compared to last year – best April sales since 2007, with cars up 21 percent, utilities up 16 percent and trucks up 16 percent
  • Fusion and Escape both establish April sales records, with sales increases of 24 and 52 percent respectively
  • F-Series, America’s best-selling pickup for 36 years, posts a 24 percent increase, with sales of 59,030 – best April sales results since 2006
  • Lincoln overall sales up 21 percent; MKZ delivers its best monthly sales performance ever – with April sales passing the 4,000 vehicle mark for the first time in MKZ history

Ford’s April sales climbed 18 percent with gains across the portfolio – with cars up 21 percent, utilities up 16 percent, and trucks up 16 percent. Retail sales were up 27 percent.

“We are working harder than ever to keep pace with record demand for our all-new, fuel-efficient Fusion and Escape – with sales growth particularly strong on the coasts,” said Ken Czubay, Ford vice president, U.S. Marketing, Sales and Service. “F-Series pickups also continue to build on their momentum as the housing and construction industries rebound.”

Fusion continues its strong sales run with best-ever April sales results of 26,722 vehicles, a 24 percent increase over record year-ago April levels. The strongest retail sales increases for Fusion continue to come from the western and southeastern U.S. – with the sales in the West doubling in April and the Southeast up 70 percent.

Escape also had its strongest April sales since its launch 13 years ago, reporting a 52 percent increase with 25,826 vehicles sold.

Sales of America’s best-selling pickup, the Ford F-Series increased 24 percent, with 59,030 pickups sold. This represents F-Series best April sales results since 2006. It also is the 21st straight monthly sales increase for F-Series – with sales up 19 percent year to date.

In April, Lincoln sales increased 21 percent. The new Lincoln MKZ established an all-time monthly sales record, with 4,012 vehicles sold for the month – breaking the 4,000 vehicle mark for the first time ever.

FORD MOTOR COMPANY APRIL 2013 U.S. SALES
April % Year-To-Date %
2013 2012 Change 2013 2012 Change
SALES BY BRAND
  Ford 204,969 174,042 17.8 787,553 692,453 13.7
  Lincoln 7,615 6,308 20.7 23,514 27,144 -13.4
    Total Vehicles 212,584 180,350 17.9 811,067 719,597 12.7
SALES BY TYPE
  Cars 78,513 64,789 21.2 289,949 257,814 12.5
  Utilities 59,089 50,724 16.5 237,561 201,139 18.1
  Trucks 74,982 64,837 15.6 283,557 260,644 8.8
    Total Vehicles 212,584 180,350 17.9 811,067 719,597 12.7
FORD BRAND
Fiesta 6,080 5,135 18.4 22,108 20,657 7.0
Focus 22,557 19,425 16.1 84,455 85,468 -1.2
C-MAX 3,608 0 NA 13,285 0 NA
Fusion 26,722 21,610 23.7 107,280 85,559 25.4
Taurus 5,887 6,664 -11.7 22,871 21,535 6.2
Police Interceptor Sedan 1,166 547 113.2 3,624 575 530.3
Mustang 7,751 7,801 -0.6 25,071 27,934 -10.2
Crown Victoria 0 372 -100.0 0 2,044 -100.0
  Ford Cars 73,771 61,554 19.8 278,694 243,772 14.3
Escape 25,826 16,986 52.0 98,809 75,590 30.7
Edge 10,357 10,520 -1.5 41,891 43,428 -3.5
Flex 1,808 2,724 -33.6 7,252 9,531 -23.9
Explorer 14,204 13,419 5.8 62,853 47,037 33.6
Police Interceptor Utility 1,236 667 85.3 3,784 694 445.2
Expedition 2,785 3,335 -16.5 10,713 11,757 -8.9
  Ford Utilities 56,216 47,651 18.0 225,302 188,037 19.8
F-Series 59,030 47,453 24.4 227,873 191,280 19.1
Ranger 0 1,990 -100.0 0 15,919 -100.0
E-Series 12,573 11,810 6.5 40,212 41,004 -1.9
Transit Connect 2,779 2,892 -3.9 13,205 10,324 27.9
Heavy Trucks 600 692 -13.3 2,267 2,117 7.1
  Ford Trucks 74,982 64,837 15.6 283,557 260,644 8.8
  Ford Brand 204,969 174,042 17.8 787,553 692,453 13.7
April % Year-To-Date %
2013 2012 Change 2013 2012 Change
LINCOLN BRAND
MKZ 4,012 1,863 115.4 7,770 8,944 -13.1
MKS 730 1,298 -43.8 3,485 4,585 -24.0
Town Car 0 74 -100.0 0 513 -100.0
Lincoln Cars 4,742 3,235 46.6 11,255 14,042 -19.8
MKX 1,740 1,882 -7.5 7,806 8,309 -6.1
MKT 453 654 -30.7 1,946 2,139 -9.0
Navigator 680 537 26.6 2,507 2,654 -5.5
Lincoln Utilities 2,873 3,073 -6.5 12,259 13,102 -6.4
  Lincoln Brand 7,615 6,308 20.7 23,514 27,144 -13.4

SOURCE: Ford Motor Company

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