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Was the opposite? he came in with an economy growing at 4.5%. we now have a negative economy. we did in the first quarter of this year. we had negative growth. it was down 1.5%. that is a huge drop in the gdp. so it s going in exactly the opposite direction. all of his policies, selling off the strategic reserve, our petroleum strategic reserve has not caused gas prices to go down. they have come up. remember a couple months ago, the president was wagging his finger at mom and pop gas stations for raising their prices because oil is going down. oil came very close to $120 a barrel today. it s now down about 115. it s still more than it was two months ago. trace: any final thoughts on the meeting with jay powell and president biden? some in cnn said it was the worth meeting since kanye west tried to sell the air force wing ....
Develop and the unrest in the middle east, god forbid it spreads to somewhere like saudi arabia, would any relief oil from the stra taoepblg eubgs petroleum reserve be a short-term fix. martha: given that possible scenario, which is frightening, the possibility of saudi arabia being involved in the kind of thing we are seeing in libya to any exspent of all. there are only 37 days of oil in that petroleum strategic reserve. reporter: that s right. based on how much oil as a nation that we consume every day. then you have to start worrying about well venezuela as well. you are seeing oil pulled back with the news coming out of libya today. if what happens with qaddafi comes to fruition and there is a peaceful resolution to that solution you see oil trade down more than a dollar a bail. luckily there was the payroll tax cut so people have more money in their pockets this ....