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Barack Obama saysgas prices were low when he took office was because the economy was so bad
America's Watchtower ^ | 10/17/12 | Steve Dennis

Posted on 10/18/2012 3:54:03 AM PDT by LD Jackson

There was one answer from the debate last night that I found very interesting, and that was Barack Obama’s answer to high gas prices. Mitt Romney mentioned that the high price of gasoline is proof that Barack Obama’s energy policies aren’t working.

Barack Obama turned around and blamed George Bush’s economy for the low gas prices:

He said when I took office, the price of gasoline was $1.80, $1.86. Why is that? Because the economy was on the verge of collapse

It was interesting to hear Barack Obama blame George Bush for low gas prices, but I understand Barack Obama’s theory; people had less expendable income therefore they traveled less and the demand for gas went down leading to the drop in gas prices. But isn’t this an admission that Barack Obama feels high energy prices are the new normal? Isn’t he basically saying Americans have a choice to make; a bad economy with low gas prices or a good economy with crippling gas prices? Is he actually trying to make the case that the high gas prices are proof the economy is improving? If so, does any of this bother him?

I refuse to believe we cannot have both a good economy and low gas prices like we have had in the past, unless of course Barack Obama wants high gas prices and we know he does. He admitted it when he was running for president when he said energy prices would skyrocket under his plan. Barack Obama also stated he didn’t have a problem with high gas prices, only with how quickly they rose because people didn’t have time to adjust to the new prices.

And he has brought people into his administration who concur with higher gas prices; Energy Secretary Steven Chu once said he wanted to see Europe’s gas prices in the United States. (He has since walked it back when it began to cause Barack Obama some grief, but does anyone really think he has changed his mind?) There was also Transportation Secretary Ray LaHood who stated the Obama regime must coerce people out of their cars.

So Barack Obama has a record here; he only opposes high gas prices when he can use it for political gain against an opponent. But as president he sees this as a crisis which he can then use to push his radical global warming, cap and trade policy. So yes, Barack Obama thinks his energy policies are working just fine.


TOPICS: Politics
KEYWORDS: barackobama; gasprices

1 posted on 10/18/2012 3:54:10 AM PDT by LD Jackson
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To: LD Jackson

That is pure Bull S&*T.


2 posted on 10/18/2012 3:57:18 AM PDT by bmwcyle (Corollary - Electing the same person over and over and expecting a different outcome is insanity)
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To: LD Jackson

In addition, if gas prices were so low when Obama took office because the economy was so bad, gas should almost be free by now.


3 posted on 10/18/2012 3:59:40 AM PDT by dead (It ain't over until the phone lady sings.)
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To: LD Jackson

We heard that as well.

That’s when we slapped our thighs, belly laughed and rolled over!


4 posted on 10/18/2012 4:01:26 AM PDT by SMARTY ("The man who has no inner-life is a slave to his surroundings. "Henri Frederic Amiel)
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To: dead
I believe Bush opened up some opportunities to keep prices down. As soon as Obama took office, he basically locked the coal, oil and gas industry down. Thank you EPA.

His answer to the Canadian pipeline was unique....We have lines all over the place.

5 posted on 10/18/2012 4:09:06 AM PDT by Sacajaweau (r)
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To: LD Jackson

That statement makes Obama stupider than Biden.


6 posted on 10/18/2012 4:16:54 AM PDT by BuffaloJack (Obama loved the poor so much, he created millions more.)
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To: BuffaloJack

I think I would classify him as the most stupidest.


7 posted on 10/18/2012 4:19:49 AM PDT by shelterguy
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To: LD Jackson

Since gas prices are falling now does that mean the economy is tanking even more? Should Romney ask him that question on Monday?


8 posted on 10/18/2012 4:23:45 AM PDT by Wiser now (Socialism does not eliminate poverty, it guarantees it.)
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To: LD Jackson

My BS meter pegged when I heard him blame the low gas prices when he took office on the bad economy.


9 posted on 10/18/2012 4:27:44 AM PDT by fulltlt
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To: LD Jackson

I wish the economy was that bad again. In the last 3 years my med insurance went up $250 month, food prices up, gas prices through the roof, plus everything else. And my last raise was 4 years ago.


10 posted on 10/18/2012 4:32:51 AM PDT by NH Red
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To: dead

He has lied enough saying that the economy is great now, that even he believes his own lies. Without a doubt, no matter what happens when he is questioned on his record, it is someone else’s fault. When he is asked direct questions as to who is responsible, he goes into diatribes about something completely different. His worst example from the last debate was when he was questioned about AK47s and an assault weapons ban. He blurted out that he was in favor of one, but then quickly changed to talking about education.


11 posted on 10/18/2012 4:32:57 AM PDT by toolman1401
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To: LD Jackson
My immediate thought was now everyone should understand why Obama has never and will never release his college transcripts. The man is a dolt.
12 posted on 10/18/2012 4:49:40 AM PDT by hflynn
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To: Wiser now

Those gas prices are really falling here in my area....ALL the way down to $3.899. In the last four weeks gas has been $3.959 - $3.789 - $3.959 - and now $3.899

Fact of the matter, folks, is that this IS the new normal.


13 posted on 10/18/2012 4:50:06 AM PDT by Roccus
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To: hflynn

The sad part of this story is that so many people bought it and continues to buy it.


14 posted on 10/18/2012 4:52:48 AM PDT by BTCM (Death and destruction is the only treaty Muslims comprehend.)
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To: LD Jackson

He actually believes this. It falls into the same category as the deer crossing lady’s view of the world. So breathtaking it is almost sad. With such patterns of thought, he will have a hard time reapplying for the community organizer job.


15 posted on 10/18/2012 5:18:19 AM PDT by ThePatriotsFlag
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To: Roccus

WOW. We paid $3.20 last night at a Walmart station. They are giving 15 cents off per gallon from now until Christmas for cardholders.
Last week around here it was $3.69.


16 posted on 10/18/2012 5:22:06 AM PDT by Wiser now (Socialism does not eliminate poverty, it guarantees it.)
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To: LD Jackson

One of the zeros many unexplainable oxymoron’s.


17 posted on 10/18/2012 5:24:43 AM PDT by duckman (I'm part of the group pulling the wagon!)
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To: LD Jackson

You really have to have messed up logic to begin to believe that one. Low gas prices are bad? What an idiot.


18 posted on 10/18/2012 5:40:55 AM PDT by DeoVindiceSicSemperTyrannis
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To: Roccus

Anyone know why we still price gas down to the tenth of a penny?


19 posted on 10/18/2012 5:52:03 AM PDT by privatedrive
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To: privatedrive

Optics.

$1.99 LOOKS better than $2.00.......UNDER $2.00!
$3.999 LOOKS better than $4.000.....Under $4.000!

It takes MBAs to think this crap up but it only takes a 5th grade education to see through it. I can remember asking my mother about the “99 cents” BS back in the ‘40s. jmo


20 posted on 10/18/2012 6:13:40 AM PDT by Roccus
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To: LD Jackson

But, but.. After the crash of 1929 didn’t gas cost about a nickel a gallon? See, there’s the proof. (libtard logic OFF)


21 posted on 10/18/2012 6:15:06 AM PDT by CPOSharky (zero slogan: Expect less, pay more. (apologies to Target))
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To: Wiser now

My question is this:

We are in the middle of the worst “recovery” in decades; i.e. the economy is still terrible.

If low prices were due to low demand due to poor economy, which we also have now, then;

When the economy actually does recover, are you saying, Mr. Presidont, that we will have gas prices like Europe, at $8-$10/gallon?

Which is what you’ve said are needed to help push us toward “alternative” energy sources Mr. Presidont? And by the way, electricity is not an energy source, it requires an energy source.


22 posted on 10/18/2012 6:24:21 AM PDT by um1990
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To: LD Jackson
The premise to Obama’s argument is true, but his conclusion doesn't follow from that premise. Gas prices fell in 2009 from the 2008 highs because worldwide demand collapsed. The world economy did bounce back to some degree in 2010 due simply to the normal business cycle rebound. But then the debt crisis in Europe and Obama’s huge deficits stagnated growth. Current demand is too low to explain high gas prices. The reason gas prices are high today is because the dollar has fallen substantially over the last four years due to QE1, QE2 and now QE3. Over this last summer gas prices were starting to fall due to the softening of the economy, but that trend was reversed when QE3 started. The current high prices today are due to inflation caused by the Fed monetizing Obama’s trillion dollar deficits and not due to increased demand from a booming economy.
23 posted on 10/18/2012 7:22:10 AM PDT by Pres Raygun (It's the economy stupid.)
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To: LD Jackson
The premise to Obama’s argument is true, but his conclusion doesn't follow from that premise. Gas prices fell in 2009 from the 2008 highs because worldwide demand collapsed. The world economy did bounce back to some degree in 2010 due simply to the normal business cycle rebound. But then the debt crisis in Europe and Obama’s huge deficits stagnated growth. Current demand is too low to explain high gas prices. The reason gas prices are high today is because the dollar has fallen substantially over the last four years due to QE1, QE2 and now QE3. Over this last summer gas prices were starting to fall due to the softening of the economy, but that trend was reversed when QE3 started. The current high prices today are due to inflation caused by the Fed monetizing Obama’s trillion dollar deficits and not due to increased demand from a booming economy.
24 posted on 10/18/2012 7:28:41 AM PDT by Pres Raygun (It's the economy stupid.)
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To: Wiser now

Just gassed up...we are all the way down to $3.879 now. With my .03 discount from my Sheetz loyalty card, I had the privledge of paying $50.00 for 12.990 gallons of 84 (with 10% ethanol)


25 posted on 10/18/2012 3:07:45 PM PDT by Roccus
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