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**Ornamiviant** · 12-15-2005, 06:35 PM

Voting in Iraq going great & now this.. Bush is getting his act together & the country is coming along right behind him.. Starting to look very good for the Repo's in 06..

By MARTIN CRUTSINGER, AP Economics Writer
50 minutes ago

WASHINGTON - A record plunge in the cost of gasoline pushed consumer prices down by the largest amount in 56 years in November while industrial production posted a solid gain.

The new government reports Thursday provided further evidence that the economy is shaking off the blows delivered by a string of devastating hurricanes.

The Labor Department reported that its closely watched Consumer Price Index dropped by 0.6 percent last month, the biggest decline since a 0.9 percent fall in July 1949. It reflected a record fall in gasoline prices, which have been retreating since they surged to above $3 per gallon right after Katrina hit.

Meanwhile, the Federal Reserve said output at the nation's factories, mines and utilities rose a solid 0.7 percent last month following a 1.3 percent rise in October. Industrial output had plunged by 1.6 percent in September, reflecting widespread shutdowns of oil refineries, chemical plants and other factories along the Gulf Coast.

http://news.yahoo.com/s/ap/20051215/...xBHNlYwN0bQ---

12-15-2005, 06:35 PM	#1
Ornamiviant Join Date Oct 2005 Posts 594 Senior Member	The good news just keep pouring in.. Voting in Iraq going great & now this.. Bush is getting his act together & the country is coming along right behind him.. Starting to look very good for the Repo's in 06.. By MARTIN CRUTSINGER, AP Economics Writer 50 minutes ago WASHINGTON - A record plunge in the cost of gasoline pushed consumer prices down by the largest amount in 56 years in November while industrial production posted a solid gain. The new government reports Thursday provided further evidence that the economy is shaking off the blows delivered by a string of devastating hurricanes. The Labor Department reported that its closely watched Consumer Price Index dropped by 0.6 percent last month, the biggest decline since a 0.9 percent fall in July 1949. It reflected a record fall in gasoline prices, which have been retreating since they surged to above $3 per gallon right after Katrina hit. Meanwhile, the Federal Reserve said output at the nation's factories, mines and utilities rose a solid 0.7 percent last month following a 1.3 percent rise in October. Industrial output had plunged by 1.6 percent in September, reflecting widespread shutdowns of oil refineries, chemical plants and other factories along the Gulf Coast. http://news.yahoo.com/s/ap/20051215/...xBHNlYwN0bQ---
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