Despite Bad Economy, Kerry Losing P.R. Game

Summary

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Given the way economic news broke during the week leading up to the Republican Convention, it should have been a downer for the president. But it wasn't.

Consider these facts. In January 2001 (the month George W. Bush took office), oil futures were selling at $25.15 per barrel. Last week Americans gasped as markets flirted with the prospect of "$50 per barrel" oil, then exhaled as it retreated to the bargain- basement low-$40s range.

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Despite Bad Economy, Kerry Losing P.R. Game

At these prices, low- and moderate-income American voters can expect to enjoy a lot less disposable income and to devote a greater share of their income to energy costs.

Then there was the Censu...

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