If you or me go to the gas station to fill up our car and it costs us much more than we expected it will zap our discretionary income. We won't have the extra money to buy that washing machine or new winter coat-all big ticket items that are important to economic growth.

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The rest of the world cares about how we conduct our affairs because they then take that lead. We're the only leader in the world today. Some are wishing us well others think that we're down and are not going to get back up again but they are all watching with great interest to see how we conduct our business over the next couple of years.