Friday, September 5, 2008

Oil down to $105.96, but unemployment up.

"Light, sweet crude for October delivery fell $1.93 to $105.96 a barrel in afternoon trading on the New York Mercantile Exchange, after falling to $105.13, its lowest trading level since early April. Since surging to a record $147.27 a barrel on July 11, crude has dropped by over $40, or more than 27 percent."

While this is great news the bad news is the reason for the increase in Unemployment to 6.1% today. The economy will be the central issue in this campaign. People will have to decide will increasing taxes on businesses make it more likely or less likely that they will hire more people and create jobs.

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