Bush Acknowledges Weakness in US Economy AND Prices at the Gas Pump
Submitted by Anonymous on Fri, 03/14/2008 - 09:40
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The president spoke as evidence of an ailing economy piled up. The dollar fell, oil and gold hit record highs, the economy is shedding jobs, retail sales saw a big drop and the effects of a severe credit squeeze linger. Economic worries have replaced the Iraq war as the No. 1 concern of voters in this presidential election year.
Bush acknowledged that prices are up at the gas pump and grocery stores and housing values are down - leading to worries among everyday "hardworking Americans." But he said low unemployment and strong productivity are proof of the economy's fundamental strength and resilience.
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http://abclocal.go.com/wabc/story?section=news/local&id=6019940
Gas prices affect everything
Bush/economy