network lauren simonetti. good morning. thanks to ben bernacki saying they will buy out mortgages from now until then. someone is saying hold up. downgrading the debt from a to a minus. the fed stimulus is putting the economy by de basing the u.s. dollar and making things like gas cost more money. if you are in the camp downgrade smound grade the u.s. went to number 7 this year making singapore and finland stronger than the u.s. at least that s according to the smart folks at the economic forum. gas prices have been down collectively in the last 43 months. exactly. four years ago gas prices were 1.90 a gallon. now north of 3.80. actually 3 ha.86 this morning.
stay home. it was your impression that summer travel was pretty consistent despite the gas rices. we had a really, really good summer travel season. and gas prices were kind of all over the map. we started out the summer with gas at $3.50 a gallon and took a dive down in mid july to 3 $3.30 a gallon and we are north of $3.80 now. and people haven t cut back very much. labor day travel was up about 10% and best western which is one of the largest hotel chains in the country, about 2,000 hotels their advanced bookings for fall up 10% over this time last year. indicators that the high price of gas is not having that much of impact so far. shannon: any indication where the prices may go for the fall as summer travel winds down? i think the gas prices will probably level out because demand starts to level out. air fares i think are going to continue to rise and i think if you are thinking about heading home for the holidays, thanksgiving or christmas you need to go ahead and start
and laid out what he wants to do over those five points. how the president addresses the specifics, what he can get done in the current environment in washington, what he will get done. remember, there s a lot of talk about how entitlement reform and tax reform are really the big issues. but we really haven t heard the specifics from the president of how he will tackle those big issues, and that s one of the things that i think people are going to be looking for. jon, republicans are going to focus on the numbers here, that it comes down to three numbers basically. 8.3% unemployment, $3.80 average a gallon of gasoline, and $16 trillion which is the national debt. and they will continue to hammer those three numbers as no matter how you spin it or how you talk about it, those three numbers are reality. jon: there was that interview i think on nbc four years ago where the president said if i can t get it done in four years, i ll be a one-term president.
walked it way back, and now here we see the governor doing the same thing. tell me what happened. what happened is he probably got a phone call from axlerod or plouffe who said, hey, walk it back. you ve got to do this right away. we can t have somebody who s such a star in the democratic party be so off message. but nothing was more off message than when chris wallace pointedly asked david axlerod are we better off, and he looked like a deer in the headlights. the facts speak for themselves. during the time that obama took office, gas was $1.80 a gallon, it s now $3.80 a gallon, the highest it s ever been on a labor day. the average median income was 54,000 a year, it s now 50,000 a year. the deficit was $10 trillion, it s now $16 trillion. record foreclosures, record bankruptcies. it is what it is. nobody believes and it s 70% of americans regardless of party affiliation believe not only is the country headed down the
gas prices. one of the busiest driving days of the year. they are at a record high. they are live in southwest houston. hey, ford. good morning, how arial doing. this is a highest price of gasoline we have seen in houston and in the country this late in the summer on labor day. up 30 cents a gallon and here in houston, average price is 3.80 and higher than that in the country and in california over four dollars a gallon and demand has increased in the end of the summer on lieu the labor day weekend . last week with isaac. first tropical storm and out in the gulf and interrupted energy operations for several days. that doesn t help anything with gas prices.by the end of t. we might see perhaps as early