PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: American Spirit who wrote (364975)	3/1/2003 9:21:33 AM
From: American Spirit	Read Replies (2) of 769667

Bush's economy, the real story: Consumer confidence sank this month to the lowest level in nearly a decade. People are scared. It's only a matter of time before the gloom translates into a major drop in spending. The Conference Board, a private business research group, said confidence fell for the third month in a row as Americans worry about holding onto their jobs, wealth-destroying financial markets, rising energy prices and the threat of war with oil-rich Iraq. Going forward, risk perception will have the greatest impact on the economy. Consumers are staggering under a record debt load. The surge in oil prices this week to just shy of $40 a barrel, a post-Gulf War high, will reduce the amount of money that's available for spending on non-energy stuff. The big worry is consumers may no longer provide the enduring support that will get the $10 trillion U.S. economy through the next rough spot. And some of you want to vote for this guy again? Ouch, spare us, please.

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