If we continue to print new paychecks at the rate we've been adding them, that mitigates a lot of the damage of higher gasoline prices.
Sentiment: NEGATIVE
One of the things we worry about when we cut the tax on gasoline is that it basically stimulates additional use.
Today's gasoline prices are taking a severe toll on Americans' pocketbooks. Consumers are anxious.
If the Administration does nothing, high gasoline prices will continue to increasingly burden our economy, taking millions of dollars out of the hands of families and putting it straight into the pockets of OPEC.
Certainly, we are hurt by the high fuel prices because it raises our cost.
Every time the Fed implements 'quantitative easing,' a.k.a. printing more money, two things go up: taxes and inflation. When taxes and inflation go up, more jobs are lost.
We need to do more to conserve fuel or face tougher choices such as steep price increase or even quantitative restrictions.
This government has always said increasing pay is something for something.
We have gasoline at $2 a gallon. If that doesn't drive demand, I don't know what will.
I know the Federal Reserve Bank can continue to print more and more money... but city and state governments cannot.
There's a foot race between gas bills and paychecks.