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Politics : Politics for Pros- moderated
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To: michael97123 who wrote (58398)8/6/2004 9:46:14 AM
From: KyrosL  Read Replies (2) of 793900
 
Add that to the lousy jobs number this morning

This is potentially bad news for Bush, if it's the start of the dreaded double dip. I still think this is a blip and the real recession will hit with force in 2005, but the chances it's going to be early (and hurt Bush) increased this morning with the bad employment numbers and soaring oil prices.

It's ironic that right now Bush's reelection depends a lot on what the Russians and the Saudis will do. If they collectively decide to restrict oil supplies in the next few months (in spite of what they say publicly), Kerry becomes a very viable candidate.

PS. I wouldn't be surprised if Putin has decided that he prefers Kerry as US president. I can't explain otherwise his moves against Yukos and the potential of severe disruption of oil supplies in the next few months.
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