First, we have a "bad" chart: U.S. manufacturing revenues. As you can see on the chart, in the past 30 years, manufacturing revenues have rarely gone negative during periods in which the economy as a whole wasn't contracting. In fact, with the exception of 1986, the economy has been in recession each time the indicator has been this low.
Next, we have an ugly chart: NFIB Optimism, the sentiment of the nation's small business owners. According to this chart, America's small business owners are feeling about as bad about business conditions as they did in the months leading up to the financial crisis. Some of the highlights from the current NFIB small business optimism report: small biz owners expect reduced economic activity, reduced earnings, and deteriorating credit conditions in the coming months.
Happy recession--I mean "recovery"--, America!