Bush Acknowledges Weakness in US Economy AND Prices at the Gas Pump
Submitted by nhayssen on Fri, 03/14/2008 - 09:40.
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.
Read More . . .
http://abclocal.go.com/wabc/story?section=news/local&id=6019940
Bookmark/Search this post with:
- nhayssen's blog
- Login or register to post comments
Gas prices affect everything
Bush/economy