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dropping is the price of gasoline. national average hitting $4.40. some states approaching $6 a gallon. dana: that s having a big impact on american families. average household will spend an extra $5,000 this year on gas and groceries alone. bill: stock market dow coming off four straight days of losses amid concerns the federal rate hikes will trigger a recession later this year. dana: yet the president insisting this is not his fault. he is instead pointing the finger at republicans and what he calls their ultramaga tax plan. the architect of that plan calling the attacks a disingenuous attempt to distract. there is nothing that the president said that is in there. what i said is let s get people back to work so they have skin in the game. he was supposed to give his ideas on inflation yesterday. what was the ideas? everybody s else s fault but his. bill: larry kudlow is on deck. first to the white house, edward lawrence has the numbers and reaction there. hotte

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