Q Yes, the consumer prices numbers today -- a drop of 1.7 percent, a whopping decline. Is the White House -- is the President's team worried that this might be the beginning of the deflationary spiral in the economy?
MS. PERINO: Well, that's one way to look at it. But another way to look at it would be that lower prices are actually good for American consumers because that means that you have more money in your pocket in order to spend it on other things. And it's welcome in that energy prices act like a huge tax cut, because people have to get to work and back, and so they have more money in their pocket. ...
Thanks Miss Dana. Can we take off our bibs now?
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