like california. bill: what is our hunch on taxes when it comes to goods lean. i think they will go higher. bill: why? i think a it s a sin. the higher gasoline tax go maybe you might be convinced to buy a volt. we get to 4 or $5 a gallon people may start to look at the alternatives. bill: on the whole keystone pipeline this is a risk that the white house takes here. if you go into the summer months and gas is up to 4, 5 bucks a gallon we all pay for it. there is a political risk that either romney or gingrich can hammer back at the white house. the other idea about fracking, you know where fracking happened in pennsylvania. they went for obama four years ago. nebraska went republican. there is little risk to saying no to the keystone pipeline for the vote in nebraska. if you were to tell pennsylvania, a state that has so many jobs because of this new technique i would say they are not going to change their decision. they ve got some important decision toss make in new york
are we possibly headed into further stagnation? well, you know, the political strategist side of things i ve never had to look so much at politics to figure out where the economy was going. i tell you, it s like watching the keystone cops. it s gotten ridiculous. going forward we do have momentum carrying us into 2012. that s the good news. we hope we don t lose it because of political ineptitude. that s what would kill it. we have a lot of icebergs ahead. we hope politicians are better at navigating turbulent water than the captain of the titanic. that said, where are the positives? the positives are there is a glimmer of hope in the labor market. looks like the situation bottomed out after things fell apart last spring and the summer. we re seeing momentum return to job hiring. not enough momentum, but some is better than none. particularly small business hiring, new business burst, that s very important to the back bone of the u.s. economy and where we re looking for str