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Bush sees an updside to Recession: Gas down to $2/gal - "that's $2,000 per family - as a result"

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sabra Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-15-09 10:38 PM
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Bush sees an updside to Recession: Gas down to $2/gal - "that's $2,000 per family - as a result"

http://www.washingtontimes.com/news/2009/jan/16/president-warns-against-releasing-gitmo-detainees/

<snip>

The president also saw an upside to otherwise painful economic times for many Americans, arguing that the recent drop in gasoline prices, which analysts blame largely on the recession, could end up spurring the economy.

"One aspect of these recent times that has been overlooked is the fact that the price of gasoline has gone down from near $4 to under $2, which is stimulative, because people have got nearly $2,000 on an annualized basis in their pocket - that's $2,000 per family - as a result of gasoline going down," he said. "That's stimulative."

...

Asked how he wanted to be remembered, Mr. Bush said: "President Bush was the president at a time that our nation was attacked. He clearly saw the dangers; he pursued the enemy; he put tools in place so the professionals could better protect the American people, and the homeland was not attacked."


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Solly Mack Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-15-09 10:43 PM
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1. That certainly explains his budgets. That math is beyond fuzzy
Edited on Thu Jan-15-09 10:45 PM by Solly Mack
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SharonAnn Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-15-09 10:45 PM
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2. How can we miss him ifhe won't go away?
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