$5 Dollar Gas, 50 Cent Postage Stamps

It seems at the same time impossible and inevitable.

If, as some experts are predicting, gas hits the unprecedented $5 mark this summer, it may have an impact on the presidential campaign. CNN’s Jack Cafferty, speaking on “The Situation Room,” said that regardless of the reasons for skyrocketing gas prices — tension in the Middle East, the closing of refineries, increased demand for gas during summer vacation season — “Whether it’s fair or not, the American motoring public has always tended to blame the guy in the White House for high gas prices.”

Yet, political impact in an election year aside, we seem to be about to cross some invisible symbolic line with the possibility of $5-a-gallon gas and 50-cent first-class stamps, which the U.S. Postal Service is recommending. It’s the definition of sticker shock, and the question is, will people accept the double whammy as something that just had to happen, or will they feel:

Too much is at last too much. We’ve lost our patience.

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