"they've never paid more for college, never paid more for gas at the pump"
You see it in your own lives and in your own neighborhoods. The stories I told you are not unique. Everywhere I go, I hear the same stories. People are working harder for less; they've never paid more for college, never paid more for gas at the pump. (APPLAUSE)
Well, doesn't the overall price level matter? If the inflation rate is 2 percent and college and gas are going up, that means something else is falling. A 2 percent or even a 3 percent increase in the price level seems awfully small.