Economic Report:

When President Bush was asked four months ago about a projection by analysts of four dollar gasoline in the spring, he responded:

[Bush]: "That’s interesting, I hadn’t heard that."

Someone failed to inform the President of the United States that gasoline prices rising. Now, with gasoline at $4 in many places across these United States, what does he have to say? He told CBS News Monday, "It's just too darn bad because this economy was doing fine and then we had the housing issue and then this gasoline issue is making it even harder for the economy to recover."