The Patriot Post® · The Real Economic Stimulus

Stephen Moore: “American workers and motorists got some badly needed relief last week when the price of oil plunged to its lowest level in years. The oil price has fallen by about 20 percent since its peak back in June of $105 a barrel. This is translating to lower prices at the pump with many states now below $3 a gallon. Already the lower oil and gas prices are the equivalent of a $70 billion cost saving to American consumers and businesses. That’s $70 billion a year we don’t have to send to Saudi Arabia, Kuwait and other foreign nations. Now that’s an economic stimulus par excellence.”