Voters are appalled at President Barack Obamas handling of gas prices, even though virtually every policy expert in both parties says theres little a president can do to affect the day-to-day price of fuel in a global market.
Yeah, there isn't much the president can do to impact day-to-day prices. The U.S. is not Saudi Arabia with a substantial excess production capacity.
But there is a LOT a president can do to create an environment where a tight market can cause prices to zoom up - and Obama has done just that. Voters aren't as stupid as the liberal pundits make them out to be. They recall that Obama has blocked the Keystone pipeline, put millions of federal acres off limits for exploration and development, blocked Atlantic offshore drilling and fought opening up more of Alaska for drilling - all steps that, if not done two to three years ago, could well have increased domestic production to where there would not be a tight global market.
RE: Post #8
Good points and spot on. I’ll elaborate with your blessing (assumed).
The government cannot “lower” the cost of anything directly through legislation (aggregate costs). TINSTAAFL! They cannot “Create” jobs in the private sector either. The government can only increase costs and therby lower investment capital in the private sector.
Both sides do it, “I’m focussed on creating jobs!” Really? Subsidizing a $6B industry to create 100,000 “private” jobs by giving away $7B in taxpayer funding is not exactly “creating” jobs.
Like you said, what the government can do is create incentive for the private industry to grow. How? Get the @#$% out of the way and get your hand out of our pockets!