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Are you advocating the nationalization of oil companies?
I would have thought with all the subsidies that the oil companies got from the Bush administration, the oil companies would have used it to build refineries. If not then, then what does it take from the government.
Whats a short time later to you? It didn't just jump up to that over night & I have NEVER paid $4.50 for gas in Texas! The highest it ever got up to here was like $3.89 a gallon.
That's Texas. I spent some time there last year, and the cheap gas was wonderful yes, but you're not indicative of the rest of the country.
Anyhow, I see a lot of people saying "a president can't affect the cost of fuel!". I disagree, and I will provide two examples of presidents taking actions that changed fuel prices:
Bill Clinton: Does anybody remember sometime in 99 or 2000 when fuel was pushing 2 bucks a gallon, and then seemingly overnight it dropped to like...89 cents (Seattle prices)? I don't know the whole backstory to this, but Clinton got pissed at the oil cartels and had the government stop buying oil from them for ONE DAY, and the prices plummeted almost instantaneously. Now I'm somewhat ambivalent about Clinton as he did some things I liked and some things I hated, but this is one of the things he did that was spot-on right.
George W. Bush: Gas prices were spiraling out of control, they were getting higher by the day, tempers were reaching a breaking point. What did he do? He got behind a podium and announced that he was going to RAMP UP government purchase of oil to put into the saltmines for the Federal reserve. In a game of supply and demand (and yes, insane market manipulation by speculators), this clown actually got before the world and said "Gas prices are high....I'm gonna buy even more oil!" In a period of time when people were screaming that oil supplies were tight and supply was low, this guy was chirping about how he was going to put even more strain on supply. This idiot didn't even understand the basic concept of "buy low sell high". His concept was "Buy high....and, um.....can I go play with my toy planes now?". Result? Gas prices shot up like a rocket.
Two wholly different actions which resulted in two wholly different results.
Whoa whoa whoa....hold on a second you mean to tell me Bush isn't still president? I'm not falling for that trick.
Still in Iraq, more troops to Afghanistan, wallstreet insiders in key positions, high gas prices, Guantanamo bay up and running, tension with all the usual countries, a disaster down around New Orleans, problems in the middle east....clearly Bush is still in power.
Obama & Bernanke are sacred cows to the liberal press, and won't be challenged on anything they do. Obama has stopped most forms of energy exploration with his Ebergy Secretary doing his dirty work, and they're disgustingly getting a free ride from the press.
That same illiterate media horrendously undersold the true cost of ObamaCare, and treated his signing of that bill as if it were something to celebrate as opposed to something that will destroy the middle class in this country.
For them to treat his signing of that horrible bill as being the equal of a watershed moment in US history, such as VJ Day or Neil Armstrong's walk on the moon is flat-out unconscionable and blatantly insulting & dishonest to all of us.
Before it was all Bush's fault. He was the oil hungry, blood thirsty war monger in the eyes of the liberals.
Now that Obama is in office no one talks about the outrageous price for a gallon of gas anymore.
It wasn't Bush's fault and it isn't Obama's fault. Americans have chosen a lifestyle that relys on the automobile. Stop whining. I fill up about every 10 weeks. Why? I have chosen to live in a place where I can walk almost everywhere and that has good mass transit. I figured that in when I chose my home. Unless you are a farmer, a waterman, a trucker or a few other lifestyles, stop whining.
What do conservatives want - govt. control of the oil companies? Let's go all the way then, remember it was a GOP president who put in wage and price controls.
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