Bailing Out on the Business Section

By this time in my paper read, I'm really, really tired of the lying, etc.

"Oil up on rising supplies" by Globe Wire Services | August 14, 2008

NEW YORK - Oil prices rebounded yesterday, jumping back to $116 a barrel after the government reported a bigger-than-expected drop in US gasoline supplies.

At the pump, a gallon of regular gasoline shed on average another penny overnight to $3.79, according to auto club AAA, the Oil Price Information Service, and Wright Express.

Translation: Gas prices to go back up soon, even though DEMAND is DOWN!!

Yeah, I am sick of the shit fooleys of the AmeriKan MSM!

"Driving plunges in nation in June; US says mileage total fell 12.2 billion amid high gas prices" by Associated Press | August 14, 2008

WASHINGTON - Gas consumption was down, too. Transportation Secretary Mary Peters said the decline in driving will mean less money for highway repairs and construction projects needed to relieve traffic congestion. The Highway Trust Fund, which underwrites the projects, is funded by the federal 18.4 cents a gallon tax on gasoline and 24.4 cents a gallon tax on diesel.

The decline in driving was not all bad, however. "There is at least one silver lining . . . and that is that less driving means less air pollution and fewer global warming emissions," said Frank O'Donnell of the environmental group Clean Air Watch."

Yup, damned if you drive and damned if you don't, huh, America?

Yup, no money to fix roads, etc, despite the enormous taxes, and yet trillions for wars, billions for banks, billions for israel, hell, millions for illegal immigrant social programs and on and on and on.....

And that damned global warming lie is getting costly, too, isn't it, America?

Here is one item that isn't increasing in value though!!!!

"Foreclosure filings soar as owners' options wane" by Associated Press | August 14, 2008

WASHINGTON - The number of homeowners stung by the dramatic decline in the US housing market jumped last month as foreclosure filings grew by more than 50 percent, compared with the same month a year earlier, according to data released today.

Last month one in every 464 US households received a foreclosure filing, which is the first step in the foreclosure process. The combination of weak housing sales, falling home values, tighter mortgage lending criteria, and a slowing US economy has left financially strapped homeowners with few options to avoid foreclosure. Many can't find buyers or owe more than their home is worth and can't refinance."

Can't afford the home, can't afford the car:

"Retail sales fall in July on drop in new car sales" by Bloomberg News | August 14, 2008

WASHINGTON - Sales at US retailers dropped in July for the first time in five months as record gasoline prices and tighter credit reduced automobile purchases.

Consumer spending, which makes up more than two-thirds of the economy, is likely to keep fading as a boost from tax rebates wanes and households try to cope with job losses and house-price declines.

Sigh! After they have crowed for three months how spending was still "surging."

Yeah, I AM TIRED of the MSM LYING, how did you guess?

"We are in the midst of a long-term trend in inflation," said Joe Brusuelas, chief economist at Merk Investments LLC in Palo Alto, Calif. "We can't sugarcoat this. It's not a good thing."

Which is why I'm bailing out on the War Daily business pages!