Wednesday, April 19, 2006

Failure to Plan

President Bush has Failed to Plan for the Future!

From ABC News- click here to

In a letter released today, Ben Bernanke, the nation's new Fed Chief, said the surge in energy prices has already "significantly reduced" the spending power of consumers and businesses, shaving "between one-half and 1 percent" off the gross domestic product.

In other words, high energy prices have cost the economy up to $125 billion a year.

"Bottom line -the combination of higher oil prices and higher short-term interest rates all but guarantee a slower-growing economy in 2006," according to J.P. Morgan's chief economist Anthony Chan.

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