Consumers have been taking it in the gas tank for quite awhile now. Things got way out of hand in the wake of Hurricane Katrina and continue to slam ordinary people. As the economy continues its downward spiral, The Dow took a 315 point hit on news of escalating oil costs and inflation fears. Food and energy costs are even vexing the Federal Reserve, which is quickly reaching the limit of its ability to do anything else to fix things. Consumer confidence has dropped like a stone and bank losses are expected to mushroom.
In the meantime, the fools on Capitol Hill demonstrated how out of touch they are with outside the Beltway reality, descending into partisan bickering as the economy burns. Senate Republicans are withholding relief to mortgage holders facing foreclosure because President Bush wants his precious and pointless tax cuts extended until the Second Coming. Congress really needs to get its priorities straight and get over this lame duck president's issues before the voters give these Congresscritters a lesson in the kind of pocketbook pain they're experiencing right now.
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