Precisely. The home loans to people who were unqualified was predictable. People who otherwise saved, paid their bills and budgeted conscientiously kept their homes which have lost value because of the high foreclosure rate.
High gas prices affect all consumer goods. The direct gas prices have affected those who have long commutes to and from the workplace and if they drive premium gas guzzlers.
One blessed group are the DC Government employees who use public transport. They have probably not even noticed the $4.00 gallon price.
This is also precicely why we are so screwed if Santorum gets the nomination. The guy is a moron. Please Newt, why do we have to suffer this fate!