Don't ya jus love it"
During a White House news conference Thursday morning, President Bush said the country is not headed into a recession, noting that the government has acted "robustly." His view of the economy, however, is far more chipper than that of many economists, who fear the country is entering a recession (or may even already be in one. In fact, when asked by a reporter about what advice he'd given an average American, who is faced by the prospect of $4 gallon gas, the President responded: "That's interesting. I hadn't heard that. ... I know it's high now."
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EXXON POSTS BIGGEST QUARTERLY PROFIT IN US HISTORY
HOUSTON — Exxon Mobil Corp. reported second-quarter earnings of $11.68 billion Thursday, the biggest profit from operations ever by any U.S. corporation, but the results were well short of Wall Street expectations and its shares slumped 3 percent.