Detailed text transcripts for TV channel - FOXNEWS - 20120418:13:46:00
It is econ 101. in fact that is the very argument the president made last year. i will put it up on the screen. here is what he said then. the problem is, you've got china and india and brazil and other emerging nations that using more and more energy as their economies advance. that was to blame he said for the rising gas prices. >> right. >> was he right then or is he right now? >> both, both. he was right then because that really, as gretchen just said there are number of factors go into it most of which the president can't control. you have the republicans in election year whining about it...