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Obama says gas prices were lower when he took office BECAUSE we were getting ready to go through a recession? Is the man insane or a liar? Gas prices didn't DROP to those levels...they had RISEN to that price...and then, after Obama took office, they went to almost $4.00 per gallon.
He's got to go.
Just for the fun of it, another interesting way to look at it is from the standpoint of 1919
U.S. Dollars. For this I calculated the value of 1919 dollars versus subsequent years and
then plotted the price of gas accordingly, as if the CPI never changed. The chart below
shows how much Americans were paying for gas if there was no inflation since 1919. Source
Obama says gas prices were lower when he took office BECAUSE we were getting ready to go through a recession? Is the man insane or a liar? Gas prices didn't DROP to those levels...they had RISEN to that price...and then, after Obama took office, they went to almost $4.00 per gallon.
You really think it was the demand that was not there? do you think world consumption has went down? Demand is not the problem, refining capabilities are the problem. Last I heard a refinery had not been built in the US since 1993 when one was built in Alaska, prior to that the last one was built in 1976. So a major find is nice, but they only have so much capabilities to produce gas so while not save the well until they need it.
The president has no control over prices of anything....but his POLICIES DO affect our economy...and that's exactly why we are paying such high prices for common goods.
This president WANTS America to fail...it's his goal. Make no mistake about it.
No, no, no...The Republican Congress wants the President to fail. They even said so....That's why your guys took the last 2 years off.
For those who don't understand basic economics...e.g. the OP and most conservatives. Gas prices are governed by the law of supply and demand. In mid 2008 the economy was still in ok shape and gas prices were about $4.00+ a gallon. Was that due to Bush's policies? No, it was due to emerging markets like India, China, and Indonesia becoming larger fuel consumers. Then in late 2008-2009 there was a global recession, and like any recession people cut back on purchases including fuel purchases because they were in crisis mode. Some of the biggest cut backs were in Asia where countries abandoned fuel price supports which caused a drop in demand for gasoline. Now the economy is improving, particularly in Asia and as such gas prices are going back up.
YEAH, those at the top get the best of everything and those below them get their waste ....
It baffles me that Cons seem to think if you give more to the rich it will somehow benefits the middle class when that has been proven to never work. The Cons should ask Nixon about trickle down politics and see how well it worked for the American people then. But I guess we will always have people that ignore facts and think that the rich will someday provide for them and in turn make them rich too.
Who seriously thinks a president has control over gas prices? Do you guys think we live in a bubble and that the global economy and global issues don't have any effect on the cost of oil and gas?
I think they're all upset because President Obama hasn't nationalized the oil companies like Venezuela did.
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Obama and gas prices????
