appear to be going all out trying to ratchet fear on this issue, saying that gas prices could reach $5 a gallon by summer. what s your sense as to how disastrous that would be for the world s economy? in the worst case scenario, it doesn t seem so far out of reach. if iran does carry through with its threat, could throw the global economy into a depression, would drive oil prices up to unpredictable levels. he says that consumers wouldn t be able to afford it. you d see an impact on economic activity. it would really hurt consumers getting hurt in other ways, with housing prices and unemployment so high. these higher gas prices will wind up taking money out of their pockets. money that would be spent on other things. it would be spent on consumer confidence. when you see that gas sign of that gas price, people get scared by paying an extra few dollars at the gas pump, even though in reality, it s not as big an impact of getting a good mortgage rate or having a good job. thi
shot rick santorum leap frogs into fourth. his support has tripled since the beginning of the month and closing in on mitt romney and ron paul who are locked in the statistical ties within the margin of error. joe johns is in des moines to break it down. of course, the question is, did the gingrich camp see this coming? yeah, i think to some degree they saw this coming. hammering ron paul, for example. also, mitt romney. it s pretty clear that gingrich saw he had some problems because he was just getting hammered on tv ads day after day from these guys. a lot of people attacking his baggage, attacking his alleged flip-flops. questioning his conservative credentials, questioning what he did when he was speaker of the house and his relationship with nancy pelosi. all of these things play into the mix here in iowa because there are a lot of voters who are very conservative. they want to see the most electable conservative going up against barack obama in november, hala. well