their stock has tumbled because it s so much cheaper to get a gasoline fired car and get on the road. but the news this morning is oil looks like it s about to drop below $50 a barrel. the many another milestone. we have to break through it which means gas prices will come down some more and ticket prices for leans as well. martha: it s thanks to american enterprise and private corporations who pursued this energy method and it s making a continues in the economy. incredibly fast how it all happened. reporter: it s great news. martha: happy new year. bill: $1.70 in ohio. bill: how will president obama deal with the republic-controlled congress? martha: remember the big chill?
russia and in turn gives us leverage in the situation in ukraine. enormous amount of new economic power because of the collapse in the price of oil, which in part is the result of america fracking. bill: do you think the ruble been trouble this way without the sanctions, or do you think the energy technology would do it on its own? sanctions make it worse, but the underlining collapse in the price of oil is the prime mover in the collapse. bill: where are we now per barrel? 60 bucks? 65 and falling and gas is still falling very sharply. i have a state-level site a gallon of regular for $1.70. bill: thank you, stuart, see you on fox business 11:00 a.m. eastern time. check it out. martha: so significant the price of oil with the enemies in this impact on cuba is a big part of
can waive it under circumstances. it s unfortunate to put a law on folks who are trying. 90% who receive s.n.a.p., senior citizens, people with disabilities, children or those people actually in the workforce. they are actually working a full or part-time job, they just simply are having a hard time making ends meet. when we talk about work requirements we re not talking about the vast majority of folks receiving s.n.a.p. and honestly need s.n.a.p. in order to survive. mr. secretary that seems to be almost the most deplorable, if i can say insidious part of this. the work requirements are part of establishing continuous establish this narrative that seems to have taken hold in the gop that this is a culture of couch potatoes people trying to benefit off the back of the taxpayer when in reality they are helping the working poor. people old, disabled, people who have children. beyond that there s an economic stimulus built into s.n.a.p., which is every dollar in s.n.a.p. benefits creat
budget. we need to be focused on what s going to give a sound, fiscal opportunity for this country. but you have to look at issues as well. you cannot ignore the problems being imposed on families on a daily basis with the cuts to the food stamp program. look at your state alone in north carolina. 1.7 million americans rely on these s.n.a.p. benefits. economists estimate every food stamp dollar turns around and brings in $1.70 in terms of impacting the local economy, which means a total economic loss to your state of about $280 million in the coming year, money that s no longer going out to farmers or grocers or others. what s your reaction to that? if it was that good, we would have a robust economy. as it is right now, our economic growth is about 1.8%. unemployment is about 7.5%. we have about 170,000 new jobs per month. that is very slow growth.
it s going to be at 1995 numbers in terms of gross domestic product. so it s not our economic problem, and for every dollar we spend on a food stamp to feed someone who is hungry, we get $1.70 in economic activity. yep. that s bang for the buck, as well as just right. i just don t want to miss that, right? that when that what we do is we create elasticity. and right, republicans are supposed to get this, right? you guys are supposed to be the ones who get the numbers of this. that we create elasticity in the budgets of people living at the margins, right? so once you provide a food assistance, then more dollars can be spent on gas and can be spent on heating and can be spent on even consumer goods, that, of course, because we live in a consumer based economy, prompt the economy. katon, this is actually bad for the thing that republicans should care about, which is, growing the size of the economy. growing what we re stating