Higher energy prices act like a tax. They reduce the disposable income people have available for other things after they've paid their energy bills.
John W. SnowOur GDP growth rates are creating - our high GDP growth rates, the success of our economy means we're creating lots of disposable income.
John W. SnowAnd I think the American people look to the leaders to lead. They look to the leaders to take on the big problems. And the president deserves a lot of credit for doing that.
John W. SnowOur view is that economic isolationism is the wrong way to go. Vibrant, successful growing economies that advance the interests of their citizens engage the global economy. And, we're committed to engaging the global economy.
John W. Snow