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    Economic Data Shows Continued Carnage In Manufacturing Nationwide...Dem Govs Extend Lockdowns Into Election

    May 1, 2020
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    Economic Data Shows Continued Carnage In Manufacturing Nationwide...Dem Govs Extend Lockdowns Into Election
    California Governor Gavin Newsom
    Image by Amadscientist

    As red state governors across the nation begin to open their states, Democratic leaders are keeping their states closed as long as possible heading into the 2020 presidential election in November. The actions seem to be coordinated across the DNC in an effort to hurt President Donald Trump's hopes of re-election.

    Here are some examples...

    Maine Governor Janet Mills extended her state's lockdown another month until the end of May even though the state has a very low number of Chinese coronavirus cases.

    Michigan's tyrannical Karen Democratic Governor Gretchen Whitmer extended her state's lockdown to at least May 15. She also prevented residents from buying garden seeds...no spring gardens either people!

    California Governor Gavin Newsom has made a very public effort at closing and arresting people on beaches. He has given no time frame for when the order will be lifted, only saying 'not soon'. The CA Chinese coronavirus numbers are much less per capita than other hard hit areas of the country.

    Illinois Gov. J.B. Pritzker has extended the state's stay-at-home order to the end of May, although his wife was seen jetting to their multi-acre estate in Florida. He refused to answer reporter's questions on the issue, saying he would not talk about his family.

    Meanwhile, Texas, Georgia, Florida and other red states are moving ahead to get back to normal.

    Economic data released today showed continued carnage, especially in the manufacturing sector. These readings are at decade lows.

    Markit Manufacturing PMI (Apr) printed at 36.1 vs 36.9 consensus estimate.

    ISM Manufacturing Employment Index (Apr) printed at 27.5 vs 37 estimate.

    ISM Manufacturing PMI (Apr) printed at 41.5 vs 36.9 estimate.

    ISM Manufacturing Prices Paid (Apr) printed at 35.3 vs 35 estimate.

    ISM Manufacturing New Orders Index (Apr) printed at 27.1.

    Construction Spending (MoM) (Mar) printed at 0.9% vs -3.5% estimate.



    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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