The ONLY thing that surprised me is that it took Obama over a year to figure out how to control this statistic.
The problem he has now is that he cannot control the price of oil very much...and should gasoline hit $9.00 per gallon, which it will if Saudi falls, he will have to answer for that at the polls.
You can bet that the SRM will do EVERYTHING possible to make certain that he doesn’t get touched by that news.
Yes, but that will be offset by the fact that the official unemployment rate will be 2.2 %. How? Well, he can try to get a package through congress extending unemployment benefits for at least 300 weeks. The Republicans will refuse to consider such a proposal, and no extension of benefits will occur. They get blamed for having hearts of ice and starving children. Many millions come to the end of their benefits and are dropped from the unemployment rolls. Voila, 2.2%! And Obama is a miracle worker!
It's sad that it takes such a drastic hit on the economy to put the fear of the electorate in Obama.
During his campaign he promised European level gas prices. $3.00/gal more and we're there!
Obama and his administration LOVE IT when gas prices shoot through the roof. It “teaches” us to “change our habits”, go to “green solutions”, “drive less”, turn the thermostat down, etc. We must be “managed” by “smart” people, like THEM. Of course, they won’t be held accountable for any “unintended consequences”, such as people dying of starvation around the globe because using corn as fuel was an unwise idea. Oopsie!!