Remember, it's the economy, stupid!
Sept. 23 (Bloomberg) -- The index of leading U.S. economic indicators fell for a third consecutive month in August, suggesting slower economic growth ahead amid rising crude oil prices, a private group said...
Crude oil prices reached a record in August and job growth slowed from earlier this year, restraining incomes, consumer confidence and the appetite to spend...
Wage increases over the past year have failed to keep up with inflation. Average hourly wages for production and non-supervisory workers, which account for about 80 percent of the workforce, were up 2.3 percent for the 12 months ended in August, according to figures from the Labor Department. Consumer prices rose 2.7 percent over the same period...
The number of workers filing new claims for jobless benefits rose to 350,000 last week, the Labor Department said in a separate report, linking most of the increase to Hurricanes Charley and Frances.
How much evidence do we need that Bush doesn't have a clue about how to fix the economy? He does know how to get oil prices up, however.
High oil prices played a part in the second-quarter soft patch and continue to be a factor in the economy...
Crude oil prices averaged $44.88 a barrel on the New York Mercantile Exchange, compared with $30.99 a year earlier...
Oil prices could top $60 a barrel by the summer of 2005, said Wachovia Corp. economist Jason Schenker in a report issued yesterday.
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