Gas prices set an all-time high in 2008-- $4.12 . . . just before the Bush economic crash . . . gas prices dropped like everything else and bottomed at 1.61 when he went out the door. It's all about international economics, not about who is President. Gas prices track the economy. With GDP up and unemployment down, more people are driving more miles. Demand is up, supply is down and prices rise. How about you. Who has lied and when about what?
[ame=http://www.youtube.com/watch?v=SaQUU2ZL6D8]Obama will cut deficit in half FEB 2009 - YouTube[/ame]
You don't think the role of the FED is to control price stability? Or that they have the power to set interest rates? Or buy up bad assets? Or loan money to foreign govts? Or increase money supply? Comparing 2 paper monies in the crapper doesn't really work. One gets an F and the other an F-
They can't just change the value of the dollar. That is based on international exchange rates. The dollar and the Euro are the two main world currencies. Who do you want to compare it to, the Angolan Kwanza?
of course they can, by increasing the supply of dollars. but not as much as rex would have us believe. anyways, regarding gas prices, the government does do some idiotic moves with energy policy, but of course the prices are mostly a function of manipulation by opec. again, i say if gas prices are too high, use less gas.
Sure it is. Perception IS reality when you're talking politics, for one thing. Here's one example of a non political scenario. If parents go to the doctor with a sick kid they want the truth. If many of these same parents go to the Principal's office because their child is failing, they don't want to hear the truth. They just want to hear he's NOT the problem. Also, if you get in a wreck because someone came in your lane, you'd want the truth to be told; however, if you got pulled over for speeding you wouldn't care about "the truth". All you'd care about is not having to get a ticket.
Not sure what your point is, if you have one. What you're saying matters not, votes DO. That's why I said it was irrelevant. >Presidential Approval vs Dow, Gasoline | The Big Picture< I know this is where you say, "You think just cause SOME blog writer..." but in addition, Larry Saboto, a respected political scientist at the University of Virginia, did a study that showed a remarkable correlation between a president's unpopularity and high gasoline prices dating back to the Carter administration. This is SO true that CBS took, well here, I'll google it for you.
To a certain degree, but to return to the original subject, Purple Tiger made the claim that current gas prices are a direct result of Obama's policies. There is no room for interpretation here, facts are the facts. To say that perception is reality in this case is to embrace ignorance and stick your head in the sand.
