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June 28, 2005

Secretary of the Painfully Obvious

Snow says oil prices hurting economy

Record high oil prices are beginning to take their toll on the U.S. economy, but not enough to halt or reverse the recovery, U.S. Treasury Secretary John Snow said on Tuesday.

"Energy prices are way too high," Snow said on CNBC television. "Clearly, it's hurting."

Dude -- pray harder and clap louder! In other news, water is still wet; sharks bite; and Bush lied.

Posted by Jeff at June 28, 2005 07:46 AM