The New York Times On Gas Prices - It Is To Laugh

Rush was laughing about this today, and so am I. The New York Times says the US citizenry is better able to withstand higher gas prices now.

What in the world are they smoking?

How much do you want to bet that over the summer, if these high gas prices continue, tourist spots around the country that have been in existence for decades are going to close because there are no more tourists. Who can afford to drive to another state and back, with gas prices the way they are. The upper middle class and the rich, sure, but the normal people who have to count every penny when they go on vacation, what about them? [And me! I was looking forward to doing some driving this summer in my new home state of Wyoming, now I don't think I'll be able to afford it.]

By the way, it isn't true that nobody minds...point is they're not blaming Obama, they're blaming the oil companies for hiking prices to take advantage of a crisis. Little suspecting that it's not the oil companies - it's the oil speculators - the stock market (which...um, Obama wants to curb....just sayin!)

RUSH: The New York Times -- (laughing) -- I mean the whole paper today. "Rising Gas Cost Finds the Nation Better Prepared." (laughing) Yes. "The increase in energy prices is beginning to resemble the rise in 2008. But this time, the American economy may be better prepared for higher fuel costs. ... While the latest surge in energy prices is likely to cause some pain and slow the recovery from the recession, economists say the spike is unlikely to derail the rebound unless prices rise a lot further. One big reason is that consumers and businesses have learned lessons from the last oil shock. ... Industries like airlines and trucking, which are most severely affected by fuel prices, have passed on their higher costs almost immediately instead of waiting for the price increases to hammer profits. And much of the rest of the United States economy is far less dependent on oil than it used to be." (laughing) It's not possible, but that's what they're saying.

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