Bush Oblivious to the Economy

so much news - so little time to post, but here's a bit I couldn't resist:

Today the Bush Administration sent it's officials out to tout how great the US economy is doing. Interesting, considering today also marked the biggest stock market drop in three years. That's a far cry from Treasury Secretary John Snow's claim that "By virtue of every index of economic performance, we're going the right way." In apparent contradiction to reality, "U.S. stocks tumbled to their biggest loss in nearly three years on Friday as oil prices surged to four-month highs, and downbeat earnings from Citigroup Inc. and General Electric Co. signaled a slowing economy."(emphasis added)

posted by Sarai @ 5:24 PM