Wednesday, August 20, 2008

Republican Economics - Link

I suppose that there are a lot of folks out and about in the U.S. who don't pay much attention to politics. Some of them vote Republican because their parents voted Republican, or they support Republicans because of some sort of perception of the Republican party as representing the interests of small business or smaller government.

All of this, of course, in spite of the fact that by voting Republican they are voting against their own best interests. From Reuters...

U.S. wholesale prices took another unexpectedly steep jump in July and shot up at the fastest year-on-year rate in 27 years, according to a government report on Tuesday that was certain to fan fears about a potential surge in inflation.

U.S. home building projects started in July fell 11 percent to the lowest annual rate in more than 17 years, while building permits tumbled 17.7 percent, the Commerce Department reported on Tuesday.

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