Newt – The Economy Will Crater on Gas Prices

Newt Gingrich

Newt on ABC News yesterday stating that Obaama’s goal is $8 -$9 gas. [Actually Chu said he wants $10 gas]

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In another interview on CNN’s State of the Union on Sunday, Newt said the economy will “crater” by August if pump prices continue to increase.

“The price of gasoline is becoming a genuine crisis for many American families,” Newt Gingrich said. “If it continues to go higher, it will crater the economy by August because people will have no discretionary income.

The White House has said there are no “quick fixes” to rising costs.