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Gingrich's $2.50 gas promise (After years of bashing Bush, MSM now claims nothing can be done)
cnn money ^ | 2/24/2012 | Charles Riley

Posted on 02/24/2012 4:13:10 AM PST by tobyhill

Gas prices are on the rise, and so like clockwork, a cadre of politicians are now selling the promise of lower prices at the pump.

Newt Gingrich, struggling to regain momentum in the Republican presidential primary, is leading the way, promising to get prices down to $2.50 per gallon.

"I've developed a program for American energy so no future president will ever bow to a Saudi king again and so every American can look forward to $2.50 a gallon gasoline," Gingrich said during his self-introduction at Wednesday's CNN debate.

The promise might garner attention on the campaign trail, but there's little more than snake oil in that rhetorical well.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Extended News; News/Current Events
KEYWORDS: bho44; bhoenergy; gasprices; gingrich; newt; newt2012; newtgingrich; partisanmedia

1 posted on 02/24/2012 4:13:12 AM PST by tobyhill
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To: tobyhill

this MSM cannot even report on this admin using tax money to pay off it’;s donors in this green energy scam , heck they can;t even report on this admin giving guns to the drugs lords which in turn kill hundreds which in turn kill our border agents.

There is no way on this earth this MSM will ever report on o ama closing down a pipeline which will create jobs , which in turn get out oil from a neighbor and which in turn will reduce prices

The enemy of this country , the first enemy is the MSM


2 posted on 02/24/2012 4:17:01 AM PST by manc (Marriage is between one man and one woman,It's not a conservative view but a true American view)
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To: manc

As it says in the Bible: “for truth has stumbled in the public squares, and uprightness cannot enter.”


3 posted on 02/24/2012 4:23:41 AM PST by razorbak
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To: tobyhill

I hate the LIBERAL MEDIA!


4 posted on 02/24/2012 4:27:50 AM PST by A. Morgan (Ayn Rand: "You can avoid reality, but you cannot avoid the consequences of avoiding reality.")
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To: tobyhill

Once we get our nominee, hopefully some one will make an ad with MSM blaming Bush and then saying it’s OK under ZERO.


5 posted on 02/24/2012 4:27:50 AM PST by DeaconRed (Cold War Veteran. . . . US Army Security Agency 1964-1968)
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To: A. Morgan
"I hate the LIBERAL MEDIA!"

We all hate them however they can be useful idiots. We can use their exact words and make them look like the fools they are.
More & More people are turning away from the MSM once they see how biased they really are. . . . .

6 posted on 02/24/2012 4:32:10 AM PST by DeaconRed (Cold War Veteran. . . . US Army Security Agency 1964-1968)
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To: tobyhill
Obama 2008 Ads Focused On Gas Prices
7 posted on 02/24/2012 4:32:26 AM PST by Berlin_Freeper (Cometh the hour, cometh the man. NEWT GINGRICH 2012)
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To: tobyhill

If they don’t think that anything can be done then the media needs to cast its eyes to the Bakken Formation and realize that the oil industry is just ‘scratching the surface’ there. If the US makes it a priority we could (within 10 or 15 years) be a net exporter of each of oil, coal and natural gas. Could you imagine the impact on Medicare and Social Security if we sold our energy to the rest of the world and used the profits from foreign sales to boost those two entitlements? It would take a major committment...but its possible...if we allow ourselves to try.


8 posted on 02/24/2012 4:34:23 AM PST by NRG1973
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To: tobyhill

I listened to Newt’s 1/2 hour long ad/address yesterday. I must say it was a good one, very, very good. I liked what he had to say especially his chain of events that would eventually lead up to us getting out of the Middle-east. I liked how it would reduce or eliminate the Saudi’s and Iranian economic power in the United States and possibly elsewhere.

If he keeps up this theme and then does it as President. Well then, He’s earned a supporter in me.


9 posted on 02/24/2012 4:35:21 AM PST by The Working Man (The mantra for BO's reign...."No Child Left a Dime")
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To: tobyhill

No mention of the price inflation caused by Fed money printing. The Gingrich plan works on that as well.


10 posted on 02/24/2012 4:35:33 AM PST by MulberryDraw (Anyone see the democrat budget yet?)
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To: tobyhill

On the bright side, we have all of that ‘08 campaign footage of obama, Hillary, Pelosi and a bunch of other rats putting the gas crisis front and center. Splice those clips together and you have one powerful campaign ad.


11 posted on 02/24/2012 4:35:40 AM PST by jersey117 (The Stepford Media should be sued for malpractice)
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To: NRG1973

You want to take the taxes and lease option profits from some of our most valuable natural resource pools and give them over to two of the least sustainable and unconstitutional entitlement programs? I would rather not imagine that. How about we use it to pay our debts? Or maybe reduce taxes?


12 posted on 02/24/2012 4:48:59 AM PST by Durus (You can avoid reality, but you cannot avoid the consequences of avoiding reality. Ayn Rand)
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To: tobyhill
Ah, the MSM...

$1.87 under Bush; real problem

$4.11 under Obama, headed to $5.00 plus; no problem, can't be helped
'

Although the MSM is a real problem, what causes me to scratch my head is all the dumb ass Democrats who are willing to endure $5.00 a gallon gas, just so they can continue to idolize the first half-black president.  Hey nevermind that he may not even be qualified to be president.  Nevermind that he consorts with domestic terrorists, the worst sorts from overseas too.  He's a hipster, and even Jay Leno likes him.  He's got to be a great guy don't you think?  /s

I was watching a Mecham auto auction today.  It was a replay from last year, and focused on motorcycles.  Leno was on the show to hawk a motorcycle for charity.  As he introduced the President of a firm involved with the sale, he threw in a joke about whether the birther section of the audience would accept him as qualified to be that president.  I like some things about Leno, but he's another guy who doesn't ever have to worry about another paycheck, who runs cover for a man that is doing our nation serious harm.  It's all a big joke to him.  And Leno is too stupid to grasp the severity of the problem.

Then we have citizens in states where the unions have screwed them into the dirt, and folks still rally around the unions as if they're the friend of the common man.  Union leaders are not in this to build chits for judgement day.  Unions are in it to wield influence, and they do that at the expense of their own employees.

How can any self-respecting union member not be PO'd that union officials support higher taxes, illegal immigrants to replace U. S. citizens at work, and deny right to work efforts?  How can they accept the unions taking their funds and supporting one political party to the exclusion of another?

That's what having a president like Obama says to me.  It's what having representatives like Barney Frank, Maxine Waters, and John McCain says to me.

This nation isn't in trouble because people like this still have a job in Washington, D. C.  It's in trouble because folks can't see why they shouldn't.  If we replace those folks, the nimnals in our nation will likely do it with someone just as bad or worse.


We've got some real winners in our nation these days.  /s

13 posted on 02/24/2012 4:54:34 AM PST by DoughtyOne (Abortion? No. Gov't heath care? No. Gore on warming? No. McCain on immigration? No.)
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To: tobyhill

Is Newt’s plan the entire answer to reducing gas prices? ..no, but it is far more likely to reduce gas prices than some algae boondoggle. There is no to my knowledge nothing more than a lab experiment for turning algae to gasoline. To go from a lab experiment to being able to commercially make gas from algae in quantities to meet even part of our needs might take decades and likely consume billions of dollars of tax payer money without ever being successful. Look at the ethanol boondoggle that has consumed billions in subsidies and hasn’t reduced our dependence on foreign oil one bit.


14 posted on 02/24/2012 4:58:08 AM PST by The Great RJ ("The problem with socialism is that pretty soon you run out of other people's money" M. Thatcher)
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To: tobyhill
"....politicians can't do much to change the price of gasoline," he said.

Well, except for during the Bush administration. Bush could have then...but he didn't...so it was his fault. Not now. No, there's nothing Obama can do.

This article effectively says that the laws of supply and demand don't work.

15 posted on 02/24/2012 5:00:27 AM PST by wayoverontheright
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To: tobyhill
"....politicians can't do much to change the price of gasoline," he said.

Well, except for during the Bush administration. Bush could have then...but he didn't...so it was his fault. Not now. No, there's nothing Obama can do.

This article effectively says that the laws of supply and demand don't work.

16 posted on 02/24/2012 5:00:29 AM PST by wayoverontheright
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To: Durus
You want to take the taxes and lease option profits from some of our most valuable natural resource pools and give them over to two of the least sustainable and unconstitutional entitlement programs?

Only the corparate income taxes for sales/earnings of energy EXPORTS should be used to give a boost to Social security and Medicare. The corporate income taxes on on domestic sales should be taxed at a lower rate.

The truth of the matter is that Social Security and Medicare are very popular programs and not going to be cut. If we have to give them a boost then we should do so with taxes from sales to foreign countries. Let foreigners subsidize our entitlements.

17 posted on 02/24/2012 5:04:30 AM PST by NRG1973
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To: tobyhill

You could open every wellhead in the world and push the price down for a year or two.

But afterward, you’ll wish you hadn’t when the price rockets.

One last binge.

Battle of the Bulge or Kursk from the German perspective.


18 posted on 02/24/2012 5:06:04 AM PST by UnbelievingScumOnTheOtherSide (REPEAL WASHINGTON! -- Islam Delenda Est! -- I Want Constantinople Back. -- Rumble thee forth.)
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To: jersey117

On the bright side, we have all of that ‘08 campaign footage of obama, Hillary, Pelosi and a bunch of other rats putting the gas crisis front and center. Splice those clips together and you have one powerful campaign ad.”

THIS is precisely the problem. The Elite GOP knuckleheads REFUSE to fight this fight. They’d rather “get along with my friends across the isle”. I am so sick of this I could scream. As you say, use their own words against them. Turn the Joe the Plumber moment into an ad. Turn the “enerygy prices necessarily will rise” into an ad. Turn ALL the photos of Zippy bowing to our enemies into an ad. Need I go on?

Seriously folks, when you are out in public, at a restaurant, in a store - have you EVER heard so many people talk about zippy in the manner of “this guy has got to go” ???? Mr. WWWF and I are happy to state we hear this everywhere we go. Even our lib friends are disgusted with this guy occupying our White House.

Ads from the elite GOP ??? I won’t hold my breath. The NEW Tea Party candidates MUST do this.


19 posted on 02/24/2012 5:20:06 AM PST by WaterWeWaitinFor (If we don't help make a change, then who will? It starts with us.)
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To: WaterWeWaitinFor

It was a jaw-dropping moment on Bret Baier’s Roundtable discussion, last night, when the guy from the Washington Post said “he couldn’t remember the coverage in 2008” about high gas prices when GWB was president.

It showed how far the libs will go to protect the Prez.


20 posted on 02/24/2012 5:29:02 AM PST by radioone
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To: NRG1973

” Could you imagine the impact on Medicare and Social Security if we sold our energy to the rest of the world and used the profits from foreign sales to boost those two entitlements?”

What entitles the government to “use the profits” from profits realized by private companies?


21 posted on 02/24/2012 5:31:28 AM PST by CSM (Keeper of the "Dave Ramsey Fan" ping list. FReepmail me if you want your beeber stuned.)
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To: tobyhill

With all due respect to Newt this is bigger than a supply & demand problem — at least as far as petroleum and gasoline go. Most of the increase in pump price for gasoline is due to inflation. All commodities are up. If you track the price of gasoline to the price of gold or silver the price for gas has actually dropped.

Now some of this is due to speculation in gold & silver, but it points to the unrestrained spending & borrowing by the federal government as being the crux of the problem. It took Ronald Reagan and Paul Volcker (Fed Chairman at the time) almost 3 years of tight credit policies to kill inflation the last time it got out of control.

Fortunately for Reagan the economy turned in time for his re-election. Until that time his popularity had drifted downward and his re-election numbers looked poor. This is the kind of thing that the next president will be dealing with. There’s no more road to “kick the can” down.


22 posted on 02/24/2012 5:45:39 AM PST by Tallguy (It's all 'Fun and Games' until somebody loses an eye!)
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To: tobyhill

All we need is a president who opens up drilling across the board and the price will fall before the first drop is on the market.


23 posted on 02/24/2012 9:10:58 AM PST by RetSignman (I take responsibility for what I post not for what you understand.)
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To: NRG1973

People said the same thing about slavery, so the Republican party was formed to fight it. Maybe we need to form yet another party to fight the modern form of slavery.


24 posted on 02/24/2012 9:34:12 AM PST by Durus (You can avoid reality, but you cannot avoid the consequences of avoiding reality. Ayn Rand)
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To: UnbelievingScumOnTheOtherSide

One last binge of what?


25 posted on 02/24/2012 9:36:28 AM PST by Durus (You can avoid reality, but you cannot avoid the consequences of avoiding reality. Ayn Rand)
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To: Durus; tobyhill
One last binge of what?

Tobyhill is obviously one of the "Peak Oil" advocates and ignores all the new discoveries and new methods of drilling that have become available lately. He is saying that if we increase production shortly we would run out of oil and then prices would sky rocket. This attitude totally ignores the facts and relies on the old "The Sky is Falling" theory.

Most likely tobyhill is a greenie and simply thinks he is a conservative or else he is a troll. I think the former, that he is in reality a liberal who actually believes he is a conservative.

26 posted on 02/25/2012 7:22:40 AM PST by calex59
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