NEW YORK - Stocks sank Tuesday, with investors cringing at reports showing that high fuel costs are hurting consumer confidence and corporate profits. Bond prices rose sharply as investors pulled money out of Wall Street.

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The Conference Board said its June consumer confidence index came in at 50.4, far below economists' expectation of 56.5 and May's reading of 58.1. The news disappointed Wall Street, which was down before the report due to a warning from shipper UPS Inc. that high oil prices are dampening its profit expectations.

Stocks fall sharply after consumer confidence data - Yahoo! News


Voo Doo economics finally comes home top roost

Uhm, hate to point out the obvious to you Patriot, but energy price spikes have nothing to do with "voodoo" economics. After all, the last time it happened it was under you idol Jimmy Carter, and the Bush economy is holding up much better now than then.

Of course the above statement is stupid from an economic pov, however it was infinitely less stupid than the comments being responded to.

Yes, but they do fit into the gas guzzling ideology the GOP has embraced to please big oil. Funny you should mention Carter, the guy that warned against this and tried to help America by pushing Conservation. Too bad we didn't listen

Conservation is even more a do nothing alternative as you are claiming the GOP's position is and would have accomplished nothing.

Neither party wants to address real solutions because this, like all things in American life, is purely about politics and not about energy policy. The sooner you partisan hacks get that through your heads, the sooner we can start to address this issue rationally.

But fat chance of that happening.

Jimma Cawda was without a doubt the absolute worst president of the 20th century, perhaps of our entire existance as a nation. Maybe you are too young to remember the mile long gas lines, the gutting of our military, the selling out of our allies, the grinning like a loon while the president of Mexico insulted us on international television, the quaint fireside chats telling us we should stop trying to be the best we can be and just accept a lower standard of living for our children, the double digit inflation and unemployment. Yes yes, Jimma Cawda, another 1 year of that absolute fool would have totally destroyed the country

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Its better to have fussed and crabbed then never to have fussed at all - Lucy

Democrats are against Americans drilling for oil but it's ok for Russia, France and China to drill for oil near Key West.

Democrats are blocking alternative fuels that are much more efficient than ethanol.

Democrats are killing the American people.

Americans want change!

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Bush-lite fooled the American people

I've got some bad news for you, Nathan; the democrats are serving up four fresh years in "Return of the Carter years - Barry at bat."

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Miss Vicky - VictorDanilchenko, proven and shameless liar

http://www.arguewitheveryone.com/gen...tml#post709726

Carter was right about Conservation and much more. The country would be in a lot better shape if it had heeded his wishes. He also did a lot for the economy by appointing Paul Volker to the Federal Reserve. Reagan and his deficit creating tax cuts took all the credit, though. Very undesrvably

Yeah, things were just fucking peachy under the old traitor.

Jeezus you are stupid, Pat - I mean that most sincerly.

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Miss Vicky - VictorDanilchenko, proven and shameless liar

http://www.arguewitheveryone.com/gen...tml#post709726

So everythings the President's fault? Wow, just wow! I'm not saying he was great, but he wasn't that bad. And he was way better than Bush.

How many hostages would have gotten out alive if Bush W. was president then?

Answer: zero