of hormuz because of a blockade of the oil trade, would you see that has a negative impact on what igt it we're coming out of a very tough poch. a rather slow rate of growth and higher employment for the moment. i would like to get your impressions of the possibility of a blockade, what that would do in terms of the rate of expected growth in our economy here and related topics. >> well, sir, i would have to take that one under. i'm not oon exist. and it would vary from country to country depending how dependent they are on oil that transits the strait. but i think the general answer is it's hard to see a good effect on -- for any number of reasons if a blockade were allowed to stand. >> we've been debating a payroll tax holiday that an estimate is it would provide an extra $20 a week for a person making $50,000 a year. but in 2011, the average family spent more than $4,000 in gasoline, so my concern is in terms of our economy, the geopolitical uncertainty we've been talking about and what impact that would have on families here in the united states and what impact it would have to dam