you know, as much as a bad economy hurts bush, it hurts the American people even more ... and with record budget deficits, i'm afraid we will not be seeing a sustained recovery anytime soon ... and jobs? forget about it ...
bush's policies and record republican deficits have destroyed any hope for better times ahead ... with a bad economy and no good news coming out of Iraq, bush has no cards left to play ... no cards if he plays by the rules, that is ... it's starting to look like it soon will be desperation time at the whitehouse ...
source:
http://www.reuters.com/newsArticle.jhtml?type=businessNews&storyID=5695533Title: Stocks Fall on Economy, Profit Worries
U.S. stocks fell on Friday, hit by a sell-off in technology shares, as investors' worries about slowing growth in the economy and corporate profits overshadowed upbeat earnings from tech bellwether IBM.
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Rising oil prices also weighed on Wall Street sentiment. Oil jumped to a 6-week high on worries about possible sabotage in Iraq that could put a crimp in supply.
The latest economic data did little to quell speculation that the economy's red-hot rebound is beginning to cool. One report showed consumer sentiment rose less than expected in July, and another showed the pace of consumer price gains slowed in June.
"It's all symptomatic of a slowing economic pace. I think that's what's worrying everybody," said Larry Wachtel, senior vice president and market analyst at Wachovia Securities. "The second-quarter earnings were mixed. They certainly weren't the turn-on everyone had hoped they would be."
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