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That's impossible for the radical right, they just parrot whatever fox and the other right wing propaganda outlets tell them to. They have nothing else to go on as the economy is getting better and Obama has been having month after month of positive job creation. All they have is to try and blame Obama for the gas prices (though were defending Bush when he gave us the highest gas prices in US history). The right wing machine is in full on desperation mode, that's for sure.
Location: Georgia, on the Florida line, right above Tallahassee
10,471 posts, read 15,826,582 times
Reputation: 6438
Quote:
Originally Posted by lifelongMOgal
How's that hope working for you at the gas pump? Any change left?
Gas prices under Obama have risen even more to date than during the Carter Administration.
If only we had another Great Depression, gas prices would drop to basically nothing. Prob like 2.75 a gallon. Why did Obama prevent the second Great depression from happening? Why does he hate America?
N**** please, make it so gas prices drop. Thanks.
I use 15 gallons of gas a week. My gas prices have jumped from 4 dollars to $4.19 a gallon. I'm spending 3 dollars more a week on gas. Imagine when it jumps to $4.50 a gallon. I'll be spending 7 dollars more a week on gas.
SEVEN!!!!!! dollars!!!!!! That's 10 dollars from gangsta!!
That's exactly what he wanted, higher gas prices. He wants you to rideable bike, use mass transit or buy an electric car. When is everyone going to understand?
"He wants you to rideable bike"? What is it everyone needs to understand?
But again, your post doesn't prove ANYTHING. You don't even seem to UNDERSTAND what you posted.
Ken
Quote:
Originally Posted by LordBalfor
Actually, even "adjusted for inflation" it looks like your argument falls apart. Your chart only goes to 2004 and gas prices more than DOUBLED the 2004 number in the summer of 2008. Find some 2008 "adjusted for inflation" numbers and get back to me.
Ken
Quote:
Originally Posted by LordBalfor
So, adjusted for inflation gas prices peaked under Reagan.
So what?
Where did either I - or the OP say anything about "adjusted for inflation"?
If it makes you feel better though, go ahead and reply to the OP that "adjusted for inflation" gas prices were higher under Reagan than they are now (under Obama). I'm sure he'd appreciate that (you can go ahead and call him a "liar" too I guess if it makes you feel better). LOL
Ken
This speaks for itself. To retarded isn't a good argument for following you into the rabbit hole.
This speaks for itself. To retarded isn't a good argument for following you into the rabbit hole.
Well, go sober up and get back to us.
Sounds to me like you are pretty inebriated right now. You're just posting total nonsense that has little to no logic to it at all.
Well, go sober up and get back to us.
Sounds to me like you are pretty inebriated right now. You're just posting total nonsense that has little to no logic to it at all.
Ken
It must suck to lose miserably to someone you think is inebriated.
You failed miserably in your attempt to prove that Bush had the highest gas prices in recent history.
You suck. I'm sorry, I can't do nothing for you man.
Adjusted for inflation, the average price of gas got higher in 2008 than it did in 1980 or ANY other year (scroll down the link & look for yourself).
If you had bothered to find data that extended beyond 2005 you could have found that out for yourself.
Obama Can Do More on Oil Prices Gasoline and heating oil prices are ratcheting up. In California, some motorists are paying over $5 per gallon. President Obama declared that “there is no quick fix” for this problem. Meanwhile, the hapless but howling Republicans are blaming him for the fuel surge as if he is a price control czar.
Indeed, President Obama has some proper power to cool off retail petroleum prices. David Stockman, President Ronald Reagan’s Budget Director, said it plainly on CNN last week, “Stop beating the war drums right now [against Iran], and Obama could do that, and he could say the neocons are history.” Having done his stint on Wall Street, Stockman knows that war talk by the war hawks inside and outside of our government is just what the speculators on the New York Mercantile Exchange want to hear as they bid up the price. Your gasoline prices are not charging up due to strains between supply and demand. Speculation, with those notorious derivatives and swaps, is what is poking larger holes in your fuel budget, according to Securities and Exchange Commission enforcement lawyers. The too-big-to-fail Wall Street gamblers – Goldman Sachs, JP Morgan Chase, Bank of America, Merrill Lynch, and Morgan Stanley – are at it again.
Dr. Mark Cooper of the Consumer Federation of America documented that speculation added $600 to the average family’s gasoline expenditures in 2011. Earlier, the head of Exxon/Mobil estimated that speculation was responsible for over $40 per barrel in price increase at a time when oil was more than $100 per barrel.
Last June, the Commodity Futures Trading Commission (CFTC) Chairman, Gary Gensler, declared in New York City that “huge inflows of speculative money create a self-fulfilling prophecy that drives up commodity prices.”
Mr. Gensler and the CFTC received more legislated authority to police these Wall Street gamblers, but key members of Congress refused to give him a budget to, in his words, “be a more effective cop on the beat,” at a time of sharply-increasing trading volume. Congressional campaign budgets are being swelled by campaign contributions from those very Wall Street gamblers. This is called “cash-register politics.” Meanwhile, you the people pay and pay at the pump and wonder why no one is doing anything about it.
But an inadequate budget only explains part of Mr. Gensler’s problems. He is continually undermined by other CFTC Commissioners who do not want real enforcement action. He also seems to be wearing down under the pressure.
Back in the 1970s, a sudden increase in gasoline prices – even a few cents – led to an uproar among consumers and demands for regulation, price controls and other government action. Now that the New York Mercantile Exchange, with its big banking and hedge fund speculators loading up on fat profits and bonuses is right here in the U.S., officials are throwing up their hands saying “there are no quick fixes.”
Yet by the constant Israeli-Obama-Hillary Clinton-Congressional-AIPAC belligerent talk about Iran developing a capability to produce nuclear weapons is provoking Tehran’s warnings about the Straits of Hormuz, and the oil price speculators are having a field day with your gas dollars.
Senator Bernie Sanders (I-Vt.) regularly demands that that Obama’s regulators impose limits on oil speculations. He asserts that the “skyrocketing price of gas and oil has nothing to do with the fundamentals of supply and demand.” Even Goldman Sachs analyst, David Greely, claimed Wall Street speculation in the futures market is driving up oil prices.
In response to such clamorings, President Obama announced in April 2011 a new inter-agency working group to combat fraud. Don’t hold your breath waiting for any action here.
So why doesn’t President Obama invite the various industries such as the trucking and airline companies that are hurt by spiraling oil prices, together with consumer groups, motorist organizations, such as AAA and the Better World Club, and the relevant government agencies to generate the pressure on Congress and the recalcitrant members of the CFTC to stop fronting for the Wall Street casino giants?
Mr. Obama and Energy Secretary Chu keep saying that there is enough oil in world markets and that speculatively-driven higher oil prices are undermining the U.S. economic recovery. Yet Mr. Obama seems unwilling to fully use his administration’s existing authority to crack down on the surging speculation.
There is much more action possible under current statutory authority for the regulators to use and earn their salaries. They need to hear louder rumblings from the people. While the people need, whenever possible and safe, to walk short distances instead of drive there, if only to stiffen their determination to fight back in more than one way.
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