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Bottom Line Is, We're Still Screwed
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Economic News: Well, at least it appears that air fares might be coming down. But people, even in New York, are eating out less, because, well, it's expensive. And in another problem situation, the price of gas is so high that people with large gas tanks are hitting the previously non-problematic $75 credit card limits at the pump. Some gas stations are raising the limits, but if you have, say, an SUV, you're going to have some trouble. And then there's the issue of how Democrats dearly want to be able to raise taxes, but have to deal with what that might mean in the elections. Is voting for a tax increase electoral poison? Yeah, probably. Good. (St. Louis Post-Dispatch; New York Post; Detroit News; Washington Post)
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