10.08.2011 - Oil price drop gives Obama silver lining amid sluggish economy
Amid volatility in the stock market, the first-ever downgrade of the nation’s credit rating by Standard & Poor’s and a slowing economy, there is one potential silver lining for President Barack Obama: falling oil prices. “This is really the classic good-news, bad-news story,” said Stuart Rothenberg, editor of the Washington-based Rothenberg Political Report. “Oil prices are politically important because, for consumers, they’re one of the obvious indicators of prices in general and how far their dollar is going to stretch.”.............................................Full Article: Source
Print