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Bad News for the GOP: Inflation Rate Worst in *17* Years
D.Duck wrote:
"HK" wrote in message ... JoeSpareBedroom wrote: "HK" wrote in message ... Inflation Rate Is Worst in 17 Years WASHINGTON (AP) -- Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years, even though prices generally remained tame outside of those two areas. Meanwhile, industrial output was flat in December, more evidence of a significant slowdown in the economy. Consumer prices rose by 4.1 percent for all of 2007, up sharply from a 2.5 percent increase in 2006, the Labor Department said Wednesday. Consumers felt the pain when they filled up their gas tanks or shopped for groceries. Prices for both energy and food shot up by the largest amount since 1990. I'm tellin' ya....we should've invaded Saudi Arabia instead of eye-rock, and just taken their damned oil. At least we could've been honest about that mission. Put the whole damned country under new management. Speaking of SA, did you see our fearless leader begging in the Middle East for the Saudis to drill more? If memory serves, oil was around $25 a barrel when President Idiot presumed office in 2001. I remember the discussion earlier of high oil prices being blamed on the speculators in the trading pits. No fair bringing up last month's talking points. |
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