Friday, February 01, 2008

Headlines

Exxon Mobil posts $40.6 billion annual profit (AP reports)
Oil giant breaks record for largest annual profit by a U.S. company

Bush sees 'troubling signs' for economy
KANSAS CITY, Mo. - President Bush pressed Congress to pass an economic rescue package, saying Friday's labor report marking the end of a 52-month streak of national job growth was another "troubling" sign that the economy is sputtering
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What timing!

Thank goodness W is fortunate to have holdings in the oil industry and ties to the Saudi Royals to protect him when those sputtering economic times arrive. I'm guessing that will be sometime before he moves back to Crawford.

1 Comments:

At 4:37 PM, Blogger alan said...

Sorry about lagging behind the times here...

Nor has he ever tried to draw the unemployment benefits he refuses to extend, either!

I heard Robert Reich on "Marketplace" the night Bush spoke this drivel, explaining that actually the entire unemployment system needs an overhaul because it was created in the era when most people had one full-time job. No matter how many part-time jobs you work, you are not eligible to collect because you don't work full-time! He said that eliminates more than half the population from collecting at the outset!

alan

 

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