Economic stress dips in August but remains elevated nationwide
The AP analysis shows the national Economic Stress Index easing slightly in August due to lower foreclosure activity in hard-hit states. Unemployment rose modestly and bankruptcy held steady, with stress markets varying by sector and region especially in Florida Georgia Louisiana and South Carolina where tourism fishing and drilling restrictions influenced scores.
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Bank bailout politics hurt incumbents in primaries
Voters view the government rescue of banks and firms as costly and controversial. GOP and Democratic candidates face attacks over TARP support as several Republican incumbents lose primaries and debate over the program’s true price remains heated.
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