More Bad News

In a sure sign that our economic situation continues to deteriorate, prices for wholesale goods rose sharply last month. The Labor Department's Producer Price Index, which measures the costs of goods before they reach store shelves, leaped 1.4 percent in May, the biggest increase in six months. The culprit is once again runaway oil prices. There are a whole host of other economic indicators that show troubled economic times lie ahead. OK, I'm convinced, we are in a recession. When will our elected officials all get on the same page about the economy? Many Americans simply cannot wait until next year after the election is over to possibly have the Federal Government act. What we need is leadership right now. We all know oil is the culprit behind most of our economic problems. Let's get to work NOW on increasing our domestic supply of oil, additional refining capacity, and developing alternative energies. Every day we debate the issue, another family suffers.