Monday, August 20, 2012 – 09:00 a.m.
Here’s some news floating across the transom this morning.
After last weeks mega-meltdown by Vice-President Joe Biden, everyone is waiting with excited anticipation for the nest series of gaffes and screw-ups.
Expect many more between now and Election Day.
One has to wonder if President Barack Obama must be ready to jump off a cliff right about now. That private lunch between the two last week must have been very interesting.
Daily Tracking Polls giving slight edge to Romney
The two daily national tracking polls are currently giving a slight edge, within the margin of error, to Former Massachusetts Governor Mitt Romney.
The Rasmussen Reports poll of 1,500 ‘likely’ voters, with a margin of error of 3.0%, gives Romney a 44% to 43% edge.
The Gallup poll of 3,050 ‘registered’ voters, with a margin of error of 2.0%, gives Romney a 47% to 45% advantage.
Facebook lays egg on California pipe dream
The stock of Facebook collapsed further last week as the shares cratered below the $20 level.
California Governor Jerry Brown, in some sort of wild dream, predicted that insider selling would generate hundreds of millions in new tax dollars for the current fiscal year.
The company’s shares, which issued at $38 and traded as high as $45, were sitting just below $19 in early morning trading Monday.
Rising gas prices pressure economy
Those pesky high gas prices have returned once again, and it’s never good for the economy.
The higher prices pulls discretionary income, if any, from consumers had creates a drag on any economic momentum that may exist.
After enjoying a drop to well below $4 per gallon, drivers now once again stare at prices above that level.