Any time you see high oil prices, you'll see a poor US economy. The so-called Reagan economic boom out of his tax cuts was a result of oil dropping from $30/barrel to $6/barrel in 1986. That economic boom continued until the end of the business-cycle in 1998-99, and was exacerbated by 9/11 and now the jump from $6/barrel oilt to $45/barel oil.
All Reagan did was simplify the tax code from 8000 pages to 600 pages, and drop the max rate from 50% to 39%, both OK with me. What Bush has done is pure BS that, amazingly, people who are not milliionaires actually buy into.
So stop being slaves to oil, and encourage people to pay attention to what goes on around them, and a lot of things positive things will start falling into place.