High Gas Prices Rally Republicans07:02
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Fox News commentator Bill O'Reilly is blasting President Obama for saying very little about gas prices, like the the $4.50 sticker that O'Reilly saw at the Los Angeles airport the other day.

On CBS This Morning, Republican presidential candidate Newt Gingrich accused President Obama of wanting those high prices to support alternative energy production and electric cars.

As Michael Shear reports in The New York Times, Speaker John A. Boehner told fellow Republicans to take advantage of gas-pump anger:

“This debate is a debate we want to have,” Mr. Boehner told his conference on Wednesday, according to a Republican aide who was present. “It was reported this week that we’ll soon see $4-a-gallon gas prices. Maybe higher. Certainly, this summer will see the highest gas prices in years. Your constituents saw those reports, and they’ll be talking about it.”

Meanwhile, the President is hosting Americans at the White House who will benefit from a $40 per paycheck tax break that his economic advisers say will provide a cushion against rising prices. But to many people, that's the cost of one tank of gas.

Guest:

  • Michael Shear, lead writer for The Caucus blog at The New York Times

This segment aired on February 21, 2012.

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