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Causing at least some financial hardship. 41% said the hardship is serious. jim cramer is the host of cnbc's mad money and joins us now. good to see you. what is the effect of gas prices. they're coming down, how has it affected the way people are planning their summer travel, retail, you know, the overall impact? >> just like 2008, andrea, when those rates -- excuse me, when gasoline went up it literally led to a dramatic slowdown in spending. we saw the same thing again april, terrible month in this country. almost entirely related to gasoline. and until it comes down, we're not going to see...

Shiite population and that's where the oil is. do we say to king abdulla you have got to go? or do we say we are going to prop you up no matter what? what does that do to the iranian movement in the region? what we have to do is what reagan did in eastern europe when we get ahead of it. instead reacting to events, we say you have got to do it because we don't necessarily have your back if things start going the way they have been going throughout the region. alisyn: hotpots erupting simultaneously. bill: watching the markets now. what a rocky day we had yesterday. we are down 250 points. all t...

Rate back down to about 8 percent and hopefully lower than that. it could take two years. ben bernanke said it could take three. let's hope he's wrong about that. but look, i think the trigger point from this recovery, jenna, is when president obama signed that tax cut. i think it was just a burst of adrenaline into the economy. you know, when you look at other signs in the economy, corporate profits are up, many businesses are starting to hire, the one real weak spot in the economy, jenna, we saw this in the jobs report and the construction numbers, because construction jobs were down, housin...

Affected by oil. remodeling we will talk to home depot in how that might be impacted. maybe not directly but we look at the housing market, what do we see. >> i don't see oil being a big factor when it comes to housing. new construction numbers were actually down in february and that is what you see in the headlines but that is not the full picture. in january unit sales 4.63 million and in february they were 4.59 million. that is not a huge dip. analysts also are not telling you that dip is based on sales that we saw in november, december and january. >> sean: aren't we in the worst housing m...

Affected by oil. remodeling we will talk to home depot in how that might be impacted. maybe not directly but we look at the housing market, what do we see. >> i don't see oil being a big factor when it comes to housing. new construction numbers were actually down in february and that is what you see in the headlines but that is not the full picture. in january unit sales 4.63 million and in february they were 4.59 million. that is not a huge dip. analysts also are not telling you that dip is based on sales that we saw in november, december and january. >> sean: aren't we in the worst housing m...