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Feb 28, 2012

Economy: Economic News, Policy & Analysis - The Washington Post: Rick Santorum thinks gas prices caused the recession. Is he right?

Economy: Economic News, Policy & Analysis - The Washington Post
Economy News: Get the latest headlines and in-depth coverage of economic news, policy, analysis and more from The Washington Post.
Rick Santorum thinks gas prices caused the recession. Is he right?
Feb 28th 2012, 14:34

On Monday, Rick Santorum offered his theory of the financial crisis: "We went into a recession in 2008 because of gasoline prices. The bubble burst in housing because people couldn't pay their mortgages because of $4-a-gallon gasoline." Is this crazy? Or is Santorum onto something?

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