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Gasoline going up and it is already hitting people and we have in the gotten to the summer yet. how big a problem will that be when gas prices maybe spiking higher. >> i am worried about inflation for the following reasons. as you just showed on the screen, food prices impacted in directly because of increase in transportation costs. they have gone up. now, here is another very frightening thing, since gas prices have doublinged in -- doubled in the last two years consumers have nowhere else to go in order to buy gas for their car to go back and forth to work but to take it out of discretionar...

1/2 years ago. a supply-demand imbalance. we have to get the supply up or we're going to face ever increasing oil prices. >> as i look at that chart, you see that it goes up precipitously over, above libya. it just spikes up. libya only produces 2% of the world's oil. why is the effect so great? is this uncertainty and fear you're talking about? >> it is a compounding effect. what happens is, it is not just libya. it is the seven other countries in the middle eastern region where all bets are off. nobody know for sure. they had pipelines, they have access points, they have transportation point...

Situations in the president's job approval a point, two points here and there. the news cycle on this issue has not really played out yet. i think there is more of a -- more of a compounding effect here because it's a question about leadership, bill. it's not particularly about this issue of the ground zero mosque. it is whether or not the american people perceive barack obama to be a strong leader, a strong president. >> bill: i think that's a legitimate point that he doesn't seem to handle these kind of situations, the cambridge thing with the cop and the professor, the swing of arizona. ali...

Job approval a point, two points here and there. the news cycle on this issue has not really played out yet. i think there is more of a -- more of a compounding effect here because it's a question about leadership, bill. it's not particularly about this issue of the ground zero mosque. it is whether or not the american people perceive barack obama to be a strong leader, a strong president. >> bill: i think that's a legitimate point that he doesn't seem to handle these kind of situations, the cambridge thing with the cop and the professor, the swing of arizona. alicia, there is a growing percep...

Actually up a point from yesterday, standing at 44%. 55% of americans disapprove of the way the president is handling the job. joining us now from washington democratic consultant alicia menendez in for alan colmes tonight. here in the studio fox news analyst monica crowley. i begin with you, monica. i was surprised. i thought that like mayor bloomberg in new york who got pounded on this issue, that president obama would take a hit in the poll today, maybe it will show up tomorrow or later on in the week as people catch up with the itch maybe people aren't holding against him. >> bloomberg sli...