You aren't lauding the Bush administration for the drop in gas prices are you? If it weren't for that knuckleheads foreign policy decisions prices wouldn't have been at 2.25 a gal, making a dime drop seem significant....

Inflation fears, both by the market AND the fed are legitimate. Retail spending is up but so are prices. Most retailers will wait a touch to recoup their losses due to gas prices in hopes that you won't notice, or in their words to soften the blow. Either way the true impact has not been felt, yet. Runaway inflation is a serious risk....

If the economy is 'booming' why hasn't the stock market responded in kind? I think its because most analysts are convinced that the current gas situation is untenable for much longer, if it isn't too late already.

Call it doom and gloom if you wish, the reality is that this situation is directly attributable to Bush policy. No war in Iraq, no skyrocketing gas prices and inflation pressure.

Again, for the deaf or blind, I am highly optimistic that good foreign policy decisions can undo the damage over time. Don't confuse my ire with pessimism....when we are dancing on this administrations grave you may have trouble discerning my optimism from glee.
_________________________
"Christmas is an American holiday." - micropterus101