If each dollar per barrel oil cost = 70 B over 10 yrs,, Tax decrease will

[papau]

be actually less of a stimulus in the future than the oil increase will be a drag in the future.

Clinton Gore 28 dollar oil is now 51 to 52 dollar oil, or a 1.7 Trillion hit to the economy over 10 years (everything Bush does is given in 10 years numbers these days).

So the tax cut to rich folks - who consume less of their income than average, is offset by a oil increase to average person, who are the heart of the consumption number. So consumption is weak.

And the Bush response is exactly what again?

[phantom power]

1. The administration's most recent rebuttal was....

"Wolf!"