job creation -stalled at 1.2 million jobs short of the total number of U.S. jobs when he took office
oil prices soar
overall economic recovery slowed
Groups that track poverty and health insurance expect next week's annual Census Bureau figures to show more Americans in poverty and without health insurance.
So George changes the stump speech.
http://www.usatoday.com/printedition/news/20040818/a_econwoes18.art.htmConcerns over economy persist
Recovery touted by Bush sputters in recent weeks
By Peronet Despeignes
USA TODAY
President Bush was saying last month that the economy had “turned the corner,” but the recovery he's counting on to help drive him to re-election Nov. 2 has hit some potholes lately.
In the past few weeks, job creation has stalled, oil prices have soared to record heights, and the overall economic recovery has slowed. Groups that track poverty and health insurance data say next week's annual Census Bureau figures are likely to show more Americans in poverty and without health insurance.
There has been good news: The U.S. economy has generated more than 1.2 million jobs since the end of 2003, more than in any seven-month period in nearly four years. A recent drop in mortgage interest rates is giving the housing market a boost. And Bush got a ray of sunshine Tuesday, when reports showed upbeat news on inflation, housing and manufacturing.
But for the moment at least, the glow is off the recovery, which could keep the issue in play as Bush battles John Kerry less than three months before the election.<snip>