The Bush Economy: "Inflation in June rose at the fastest rate in 17 years"

Ouch:

Almost everything that consumers spent money on last month — from food to electricity and gasoline — took a bigger piece of their paycheck.

Inflation in June rose at the fastest rate in 17 years, the government said on Wednesday, just a day after the chairman of the Federal Reserve warned that inflation poses a significant risk to the nation’s economic outlook.

The Consumer Price Index, which measures prices of a batch of common household products, rose 1.1 percent in June, the Labor Department said. That increases caps a year where inflation has surged to proportions seen by some as threatening the stability of the American economy. In the last 12 months, the price index has risen 5 percent, the biggest annual jump since May 1991.

So much for Bush's little happy talk press conference yesterday. Do the American people really want four more years of this? Millionaires like the Bushes and McCains might not be impacted, but most Americans literally can't afford it.