Obama demands Congress end oil, gas subsidies
Julie Pace - AP
http://news.yahoo.com/obama-demands-congress-end-oil-gas-subsidies-192533827.html
MANCHESTER, N.H. (AP) — President Barack Obama, turning his political sights on snowy New Hampshire, demanded that Congress eliminate oil and gas company subsidies that he called an outrageous government “giveaway.” Though politically a long shot, the White House believes the idea resonates at a time of high gasoline prices.
“Let’s put every single member of Congress on record: you can stand with oil companies or you can stand up for the American people,” Obama said.
Obama has repeatedly called for an end to about $4 billion in annual tax breaks and subsidies for oil and gas companies, government support that Obama has said is unwarranted at a time of burgeoning profits and rising domestic production.
“It’s outrageous. It’s inexcusable. I’m asking Congress: eliminate this oil industry giveaway right away,” he said.
Inflation: Not as low as you think
http://www.cbsnews.com/8301-505144_162-57387655/inflation-not-as-low-as-you-think/
“Forget the modest 3.1 percent rise in the Consumer Price Index, the government's widely used measure of inflation. Everyday prices are up some 8 percent over the past year, according to the American Institute for Economic Research.”
Obama says $6.00 a gallon gas is what America needs to get us on alternative energy.
What energy would that be?
Obama is trying to destroy us.
By the time fall gets here, $5 gas is gonna look like the good old days.
Awww how cute! They managed to ‘blame’ the higher oil prices because the US Economy is ‘getting stronger’ (which is total BS).
The media STILL disgusts me.
If Newt doesn’t get into office, fuel price increases will likely go much higher for much longer. Could go on for decades. He’s the only candidate who would cut social and regulatory programs enough to bust the debt regime and resume real production (see voting records of other Republican candidates).
$4.32 per gallon at Costco in Irvine, CA this morning...
and I’ve seen higher.
this is what that birth control distraction is about.
gas here actually went down here 2cents from yesterday... $3.95 to $3.93 go figureStealing a page from the Herman Cain campaign, the Obama Administration yesterday announced its own “999” plan!
It’s $9.99 a gallon for gasoline!