Here’s a snippet of President Bush’s fun press conference today, which Sara aptly described as “a portrait of a man slowly losing what’s left of his mind after eight years of exhaustion and failure.” MORE »

Oil hit a new record price today, hooray! It briefly touched $146.23 a barrel before settling down to the much more normal price of, er, $145.85. A gallon of gasoline is averaging $4.09 in the patriotic United States — with D.C. at $4.16, New York at $4.30 and West Coast prices over $4.50. Why do they keep going up, up, up? Because some goddamned Christians are showing up at gas stations and praying, that’s why. MORE »

Barack Obama is on an economics campaign tour this week, traveling to various sad places to let people know there’s still hope, but not really. Today, for example, Obama visits Flint, Michigan — the ruined auto-factory town that primarily serves as a backdrop for sad economic speeches, ever since Michael Moore destroyed the once-prosperous city to make a point. But not all the Economy News is gloomy! Read our fun list and find out why! MORE »

That 0.6% bit of economic growth in the first quarter of 2008 was just the pathetic result of $3.50-a-gallon gasoline, but there is one sector of the U.S. economy that’s truly booming: Desperate Americans are selling off their last possessions on Craigslist and other online flea-market sites, just so they can buy a little food and gas. MORE »

Speaking of Reagan, gasoline now costs more than it did during the 1981 oil crisis. We can now look forward to a terrible recession, gas lines and yet another synth-pop era. MORE »