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The Obama administration’s monetary policies have added approximately 56.5 cents to the price of every gallon of gas you pump, according to a new congressional Joint Economic Committee report.
“What is rarely discussed as an important factor in the rise of the dollar price of oil is the role played by the dollar itself.”
The report attributes this increase to the Federal Reserve’s policy of increasing the money supply through the purchasing trillions worth of bank notes, treasury notes and mortgage-backed securities, known as quantitative easing, which it says has fueled inflation.
Now, this is just his monetary policy. Doesn't take into account his ENERGY policy, like his illegal moratorium, his slow-walking the permit process, his rescinding already approved permits and his driving domestic drilling off shore, along with the jobs.
"Americans are paying a steep price at the pump as a result of the weak dollar policies pursued by this Administration and the Federal Reserve", said U.S. Congressman Kevin Brady, the vice chairman and top Republican on the Joint Economic Committee. "There are two lessons here. Rather than pointing fingers at energy manufacturers the President should be looking to his own Treasury and the Fed for answers to the high price of fuel.
When will he get it, if ever - radical liberal ideas/policies are ruinous?
Now, this is just his monetary policy. Doesn't take into account his ENERGY policy, like his illegal moratorium, his slow-walking the permit process, his rescinding already approved permits and his driving domestic drilling off shore, along with the jobs.
Now, this is just his monetary policy. Doesn't take into account his ENERGY policy, like his illegal moratorium, his slow-walking the permit process, his rescinding already approved permits and his driving domestic drilling off shore, along with the jobs.
When will he get it, if ever - radical liberal ideas/policies are ruinous?
No kidding seeing as crude oil is traded on the world market mainly in U.S. dollars. The way the Fed keeps printing money and injecting into the economy, all the while keeping interest rates at near zero, the rise in gas prices is inevitable. These high gas prices are a direct result of Bernanke's monetary policies as well as Obama's anti-energy policies, of course all liberals can do is blame filthy, greedy oil companies because it'll be a cold day in hell before any liberal takes responsibility for the damage they've done to our country.
No kidding seeing as crude oil is traded on the world market mainly in U.S. dollars. The way the Fed keeps printing money and injecting into the economy, all the while keeping interest rates at near zero, the rise in gas prices is inevitable. These high gas prices are a direct result of Bernanke's monetary policies as well as Obama's anti-energy policies, of course all liberals can do is blame filthy, greedy oil companies because it'll be a cold day in hell before any liberal takes responsibility for the damage they've done to our country.
Remember the pattern. Pick a target to deflect from your own policy failures and then demagogue and demonize the very entities you NEED to pull out of the obamamalaise.....that is ALWAYS what obama does to explain away HIS many failures.
BS! The price of oil has been controlled by professional speculators for decades. The name, color or party of the American President is irrlevant to these gamblers.
Last edited by CaseyB; 06-06-2011 at 11:17 AM..
Reason: discuss the topic, not others
BS! The price of oil has been controlled by professional speculators for decades. The name, color or party of the American President is irrlevant to these gamblers.
Are you actually claiming, the priniting of money and restriction of permits hasn't affected the price of gas?
Are you actually claiming, the priniting of money and restriction of permits hasn't affected the price of gas?
Restricting permits has done nothing to the price as yet, several years from now, it may, but probably not. We could open all areas to drilling, it would have little effect. The value of the dollar has increased the price some. The Speculators have caused the prices to go up quite significantly. There are several factors affecting the price of gas. To attempt to point to one specific thing or person, simple shows ignorance.
Restricting permits has done nothing to the price as yet, several years from now, it may, but probably not. We could open all areas to drilling, it would have little effect. The value of the dollar has increased the price some. The Speculators have caused the prices to go up quite significantly. There are several factors affecting the price of gas. To attempt to point to one specific thing or person, simple shows ignorance.
If you have an interest, take the time to study for yourself. Otherwise, you would be just making random anti-Obama spew like our resident poll queen.
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