Skip to comments.GOP's gas price politics could prove fleeting (Obama takes office $1.68, Obama now $3.88)
Posted on 03/27/2012 3:31:03 AM PDT by tobyhill
Republicans have in recent weeks waged an all-out blitz against President Barack Obama over the issue of gas prices, but the political benefit could prove fleeting, if and when fuel prices decline.
The steady rise in gas prices this spring provides Republicans with their most immediate example of the pocketbook fleecing suffered by voters, prompting the party to pounce. While some indicators point toward a tentative economic recovery -- which could be to the presidents political benefit -- the lost income associated with higher gas prices has led the GOPs presidential contenders and leaders in Congress to complain that its Obamas energy policies that have contributed to upped costs.
And from Republicans vantage point, Obama is on the ropes on the issue. They point to his energy tour last week, which included a stop at the southern portion of the Keystone XL Pipeline, as an example of the White Houses response to Republican pressure.
The issue of gas prices is near the top now in terms of what we're hearing from people, said Republican Colorado Rep. Cory Gardner. President Obama wouldn't be taking credit for a pipeline he has nothing to do with unless he weren't feeling pressure that he's not doing enough.
(Excerpt) Read more at firstread.msnbc.msn.com ...
Exactly There is no amount of lies and deception by Obama and his media that would decrease the high anxiety and anger of the majority of voters due to high gas prices and the high consumer goods prices caused by high gas prices
Spoken like true insular Libs who either take the NY subway or get a chauffeur driven limo ride to work every day.
He could do this with a well-timed perp walk of some Grrrrrreeeedy Oil Speculators that would have the effect of collapsing the futures market.
No, that would not do it! Greeeeedy Oil Speculators have lawyers who would get the targetted individual off the hook. Also, oil is traded on markets overseas. If the US futures markets become unavailable to oil speculators then they would switch to the Hong Kong exchange...or some other exchange. One other thing to remember...eventually (after driving season) oil and gas prices begin to recede because oil speculators react to the reduced demand and bid those prices down. 0bama would need those speculators to be in place and active when that time comes...if speculators are pi#&ed off at him they might not be willing to reduce those prices in September/October when he needs them reduced.
The truth of the matter is that much of the runup in oil prices is due to the Fed and ECB printing so darn much money. At this point, all that money printing cannot be undone.
Partisan Media Shill ping. Thanks tobyhill.