The November 2012 ISM Manufacturing Survey PMI decreased, -2.2 percentage points, to 49.5% and and is now in contraction. This is the 4th time in six months manufacturing PMI has contracted. PMI hasn't been this low since July 2009's 49.2% PMI and the employment index contracted to September 2009 levels.
The House of Representatives is out to destroy the American Science, Technology, Engineering and Mathematics Professional. Republicans passed H.R. 6429 with the oxymoron title, STEM Jobs Act of 2012. STEM stands for Science, Technology, Engineering and Mathematics and this bill gives 55,000 foreigners a year who graduate from an American university with a Masters or PhD in these fields an employment sponsored green card. Democrats didn't like it, not because it will labor arbitrage American Technical Professionals and lock out some Americans from even being accepted into Masters and PhD university programs. No, Democrats don't like the idea of separating the agenda of giving those here illegally legal status from the corporate lobbyist never ending demand for more foreign guest worker Visas and turning the American higher education system into a glorified green card ATM. Democrats believe they will never get their unlimited migration agenda through Congress without sacrificing the American Science and Technology professional to the globalization wolves.
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