Obama: The $4/Gallon President (NAFTA, unemployment, military, Walmart)
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Gas(petrol) isnt expensive, rather the dollar is cheap. This is what happens when Obama and Helicopter Ben conspire to debase the currency. Want cheaper energy? vote Ron Paul for sound money. Its not a complex issue, its very simple.
Quote:
Originally Posted by Finn_Jarber
Actually the dollar is on a steep rise.
Don't cloud the right-wing "currency debasement" theory with the fact that the dollar is relatively strong now. Here is the dollar against the Euro:
The Euro buys fewer dollars now than it did in 2008 (that means the dollar is stronger than it was.)
If you want to talk about real loss of value of the dollar, that happened in the previous decade -- before Obama was President:
Gas(petrol) isnt expensive, rather the dollar is cheap. This is what happens when Obama and Helicopter Ben conspire to debase the currency. Want cheaper energy? vote Ron Paul for sound money. Its not a complex issue, its very simple.
The exchange rate for the Dollar is no different now as to what it was when gas was $1.85 here in Oct 2010........... the argument that the Dollar is now weaker so gas prices are high does not hold water.
Oh, not another "I blame Obama for higher gas prices" thread.
My theory is that the oil companies, not liking Obama, have decided to raise prices to effect the election. It sure isn't supply and demand causing this -- demand is down and supply is up.
Good post.
I was thinking how stupid people were for blaming Obama for the high price of gas because he neither owns an oil company nor is a speculator and we have plenty of oil.
But if oil companies don't want him as president they can use people's stupidity to sway them with the price of gas.
However, I have a feeling that no matter who is in office, the oil companies will always make sure they screw people anyway they can...
And why not....the Repugs believe Profit is All.....well, the oil companies just want profit so I don't know why Repugs are whining.....
but some of you were quick to blame Bush 4 years ago. He was the one who wanted to start drilling in Alaska shortly after his elections: no, the eviornmentalist said it would upset the animals and besides we wouldn't see any production for 8 to 10 years. Well guess what, had we started the drilling then, we would now be enjoying some of the oil.
Nita
"It's the Economy Stupid" only works when there's a Republican in office.
The liberals are extremely two-faced when it comes to blaming presidents for poor economies. No democrat president can be held responsible for any problems that occur during his presidency.
"It's the Economy Stupid" only works when there's a Republican in office.
The liberals are extremely two-faced when it comes to blaming presidents for poor economies. No democrat president can be held responsible for any problems that occur during his presidency.
Bush wasn't responsible for gas over $4.00 a gallon during his administration either but he was responsible for the two wars and was a huge part of the huge recession.
The facts are -- the working middle class, the taxpayers are in a big hurt. If you're in the elites, you're probably doing just fine -- after all the gap between the ultra rich and the middle class is growing.
Don't cloud the right-wing "currency debasement" theory with the fact that the dollar is relatively strong now. Here is the dollar against the Euro:
The Euro buys fewer dollars now than it did in 2008 (that means the dollar is stronger than it was.)
If you want to talk about real loss of value of the dollar, that happened in the previous decade -- before Obama was President:
you have two issues -
a. the relative value of the dollar, vs. euros, yen, etc.
b. the absolute value of the dollar, over time.
"Dollar debasement" in the sense of (b) is absolutely real, and i would not call it a "right wing theory". In the sense of (a)... well, it's debatable whether we're pursuing a debasement of the currency or not.
As it relates to oil, the simple effect of increasing the # of dollars over time ought to raise the price of oil and gasoline. The problem is that our "new printed money" just goes straight from the central bank, into the hands of the big money players, in the form of loans. It is not "tricking down" in the form of wages, and therefore the purchasing power of the median american is not keeping up with rising commodity prices.
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