BAD ECONOMIC SIGNS AGAIN

REUTERS reports that factory output contracted in May for the second time in three months and families took a dimmer view of their economic prospects in early June, signs that the economy's recovery is on shaky ground.  "It's more convincing evidence that the economy is stuck in low gear," said Joe Manimbo, a market analyst at Travelex Global Business Payments.

COMMENTS:

I don’t care what Obama says; this country is in deep s*^t. 

TODAY’S QUERIES & ANSWERS:

Q. Just how does the U.S. deficit now stand? (Boris ~ Santa Ana, CA)

A. The budget deficit dramatically widened in May; spending jumped 31.3 percent from the same month a year ago.  Overall, the deficit is approaching $1 trillion for a fourth straight year although the government is collecting more tax revenue than last year.  Obama just can’t stop spending. 

Q.  What is the status of the automobile industry bailout by Obama in 2009?  (Bill ~ Arlington, TX)

A. A good portion of the bailout package ended up benefiting the United Auto Workers union.  The Treasury Department estimates that taxpayers will lose $23 billion on the auto bailout.  That’s chump change; you contribute that much every Sunday in the church plate, don’t you? 

Q.  You can now get jailed for not mowing your lawn?  (Leslie ~ Sedona, AZ)

A.  Yip.  In Massapequa Park, New York, the Massapequa Park village board unanimously passed a law imposing fines and even jail time on homeowners who don't keep up their properties, Massapequa Patch reports. Aside from not mowing the lawn, eyesores including full dumpsters, broken gutters, excessive litter, boarded-up doors and windows, unattended shopping carts and graffiti can land homeowners in hot water. ... You know, outside of zoning laws and CC&R’s, people have the right to “quiet enjoyment” of their property, free from some goofball bureaucrat deciding that your grass is too tall. 

TODAY’S QUOTE:

“Success is like winning the sweepstakes or getting killed in an automobile crash. It always happens to somebody else.” ~ Allan Sherman

TODAY’S VIDEO: 

 http://video.foxnews.com/v/1690131418001/great-american-news-quiz-john-wayne-edition/?playlist_id=86923&intcmp=obinsite