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Rate through the end of the year. that's the real issue. and i think the burden will be on the republican candidate not to give the president a pass on the economy like this for three years. >> kim, what are the politics of an economy in this kind of shape, running in the election? >> i think the risk here is that republicans simply decide that thr he' going to try it make this a referendum on the president, on the basis of the coaters like this, keeping a close eye on the unemployment rate, and long gas prices and the problem with na, the news begins to improve a little bit. he turns around a...

Odds with the republican presidential candidates and we knew that but the bigger issue is whether he still is at odds with the israeli prime minister, binyamin netanyahu, who give a fiery speech last night after meeting here with the president. and it is clear the remain does not believe that giving iran more time will work. they appear to have distance there. >>neil: thank you from the white house were the president flaming go -- blaming the run on gas prices on wall street. the president's point was that while iran could contribute, traders, those who trade the constitute are gunning it and ...

Gallon and last month it was less than that, $3.80 and, today, it is at $4.50 so all of a sudden the price skyrocketed and the my is the same and the demand is the same and someone is manipulating the market, i would say it is wall street and opec. >>neil: maybe it is you, your colleagues in washington not being able to agree on spending cuts that weakened the dollar. as you know the oil is priced in dollars, gas is priced in dollars when the dollar is chop it -- clean it costs more. >>guest: but last year the price of gas in los angeles was $3.82. today it is a lot more. >>neil: and the dolla...

Certainly as a family owned company, you know, we certainly don't want to ever impact our work force or anything else. but we try to be creative with how we will solve that problem. >> and looking at the price of a gallon of regular, downtown chicago, just about $3.80 per gallon. the bigoses, new york, chicago, l.a., get hit harder. sometys on the west coast are already paying over $4 a gallon. and the experts watching this say that people will continue to fuel up their dares and continue with the same driving habits and support the high prices until we get to the tipping point $5 a gallon. >>...

Economic data? >>guest: you have to look beyond the headline data. it is not better for consumers when we look at close to $5 gasoline. a cameraman showed me a picture of the pump where his family is from and it was $5.15 for regular. so filling up your tank we have to do it, and it is going to insight a lot of anger in the consumer on top of everything else. cotton. food prices. dairy. everyone is rising and the consumer cannot get ahead. >> the consumer has been able to hang on and is around $3.80 but when they have made it through the beginning of summer and maybe a vacation here and there ...