Quote:
Originally Posted by steven_h
I wonder if he rigged that sign... because:
"When I took office, the price of gasoline was $1.80, $1.86. Why is that?" Obama asked. "Because the economy was on the verge of collapse, because we were about to go through the worst recession since the Great Depression."
The price of gas was low because we were heading into a recession? Is this a revised formula for supply side economics?
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Actually, when Barack Obama won the election, something really weird happened. Before he was even sworn in, the price of gas a the pump dropped
significantly:
I really have no clue why this happened, but if anyone could take credit for actually causing it to happen, the credit would have go to George W Bush since he was still POTUS, but I can't honestly say what he did to drop gas prices so suddenly.
The only thing that makes sense: I think it may have been mindless optimism (or pessimism if you're the oil companies) that Barack Obama was about to do something amazing to fix everything. Obviously, it didn't last.