“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.”
- Rick Santorum explains that the financial crisis in 2008 was caused by high gas prices. Seriously.
Santorum's comments appear to stretch the limits of credulity. The words "gas," "gasoline," and "energy" to not appear in the conclusions of the congressionally-appointed Financial Crisis Inquiry Commission, tasked with exploring the root causes of the 2008 recession and financial crisis.
