Taking a break from studying

I am taking a break from studying upper level macroeconomics to report on the news of the day. First it appears that John McCain, aka the old guy running against Barack Obama, is not doing so hot . If the election were held today, he would lose 304-234 to Barack Obama, conceding formerly R states in Ohio, Colorado, Missouri, New Mexico, Iowa, and barely hanging on in Florida and Virginia.

Will this abysmal showing hold true, or is it a reflection of McCain's invisibility for months with a contested Democrat primary? We shall see

Economically the price of gas is destroying the budgets of Americans and putting our entire economic system at risk if these prices continue without real wage growth. Today I filled up and paid $91, and noticed that diesel prices are close to five dollars a gallon. Diesel prices are the more worrisome of the two since the equipment used ot harvest our food and transport it is all diesel. If farmers cannot make a profit due to diesel prices, we will be exposed to shortages for the first time in thirty years. Of course the government excludes fuel and food prices from inflation, so they claim inflation is under control. Cut out discretionary spending as much as possible is all I can say.