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Obama: No 'silver bullet' to bring down gas prices
The Hill ^

Posted on 04/23/2011 3:22:20 AM PDT by Sub-Driver

Obama: No 'silver bullet' to bring down gas prices By Gautham Nagesh - 04/23/11 06:00 AM ET

President Obama said Saturday there are no easy answers for lowering gas prices, which are hovering above $4 a gallon, and criticized politicians who push plans to immediately reduce the price of gas.

"You see people trying to grab headlines or score a few points," Obama said in his weekly address. "The truth is, there’s no silver bullet that can bring down gas prices right away."

The president then laid out his own plan for controlling prices, focusing on ending price gauging but calling for an end to the $4 billion in federal subsidies for oil and gas firms.

He said there are some steps the U.S. can take to improve the situation such as ramping up domestic oil production and ending subsidies for oil and gas firms.

"That’s $4 billion of your money going to these companies when they’re making record profits and you’re paying near record prices at the pump. It has to stop," Obama said.

"Instead of subsidizing yesterday’s energy sources, we need to invest in tomorrow’s," he added, voicing his opposition to a proposal before Congress that would cut the government's clean energy investments by 70 percent.

Obama also pointed to a Justice Department task force launched Thursday with the sole aim of discovering fraud or manipulation in the oil markets, such as illegal trading or speculators, that may impact prices.

"We’re going to make sure that no one is taking advantage of the American people for their own short-term gain," Obama said.

The president acknowledged the added hardship of rising gas prices while the country is still recovering from a prolonged recession but said there are no quick solutions. Obama suggested Thursday that his lagging poll numbers are due to high gas prices nationwide.


TOPICS: Business/Economy; Government; News/Current Events
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To: silverleaf
Some one here on FR came up with the idea of making stickers to go on gasoline pumps.

They simply said:

THANKS 0BAMMA

Why limit the stickers to gasoline pumps when the price of almost everything else is going up.

Stickers for grocery store shelves, building supplies, even most of the items Walmart sells need one of those stickers.

51 posted on 04/23/2011 5:11:25 AM PDT by TYVets (Pure-Gas.org ..... ethanol free gasoline by state and city)
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To: Sub-Driver

Baloney....Take the fed tax off for the summer!! And if I remember correctly, the last raise was via Clinton. This tax effects both rich and poor alike and but the worse effect is on the workers...who are the most prolific buyers of goods.


52 posted on 04/23/2011 5:12:16 AM PDT by Sacajaweau
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To: Sub-Driver

I think he wants gas prices up so you’ll sell your gas guzzler and buy a Gov. Motor Electric.


53 posted on 04/23/2011 5:21:34 AM PDT by JamesA (You don't have to be big to stand tall)
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To: Sub-Driver

That is because you stole all of the silver bullets from Industry and have them locked up at Fort Knox. FU obama... we will be ****ing you over in the November to Remember (2012) kenyan!

LLS


54 posted on 04/23/2011 5:22:19 AM PDT by LibLieSlayer (WOLVERINES!!!)
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To: Fred911
Heck Barry, this un's only a couple hundred bucks!
55 posted on 04/23/2011 5:24:49 AM PDT by misanthrope (Liberals just plain suck!!)
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To: misanthrope
Oops, i meant THIS one's only a couple hundred bucks!!
56 posted on 04/23/2011 5:28:19 AM PDT by misanthrope (Liberals just plain suck!!)
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To: Sub-Driver
"We’re going to make sure that no one is taking advantage of the American people for their own short-term gain," Obama said.
YIPPEE!
Barry's gonna turn himself in to the U.S. Marshals!


And who said he wasn't a swell guy.
...............

57 posted on 04/23/2011 5:29:37 AM PDT by Condor51 (The difference between stupidity and genius is that genius has its limits [A.Einstein])
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To: Matt Hatter

Amen!


58 posted on 04/23/2011 5:30:46 AM PDT by jennings2004 (Sarah Palin: "The bright light at the end of a very dark tunnel!")
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To: nhwingut
RUSH LIMBAUGH STATED THIS AND THEN BACKED THIS UP...

Since 1977 the OIL INDIUSTRY has paid 584 BILLION DOLLARS IN US TAXES ON PROFITS. THE OIL INDUSTRY HAS COLLECTED FROM US AND DELIVERED TO THE US GOVERNMENT 1.92 TRILLION DOLLARS IN ADDITIONAL USER FEES AND TAXES LEVIED ON OIL CONSUMPTION AND EXTRACTION... THE PROFITS OF THE OIL INDUSTRY DURING THAT ENTIRE TIME HAS BEEN JUST UNDER 600 BILLION DOLLARS. WHO IS MAKING THE OBSCENE PROFIT OFF OF OIL? WHY AREN'T ANY ELECTED REPUBLICANS BASHING OBAMA OVER THE HEAD WITH THESE FACTS? BECAUSE THEY ARE LAZY, STUPID OR CORRUPT... OR ALL THREE!

LLS

59 posted on 04/23/2011 5:30:46 AM PDT by LibLieSlayer (WOLVERINES!!!)
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To: Sub-Driver

The guy’s an anti christ.


60 posted on 04/23/2011 5:31:43 AM PDT by Vision ("Did I not say to you that if you would believe, you would see the glory of God?" John 11:40)
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To: Sub-Driver

aim small, miss small


61 posted on 04/23/2011 5:36:07 AM PDT by FrankR (Liberals Don't Have Scruples, Judgement or Morals...only MOTIVES.)
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To: Sub-Driver

“You see people trying to grab headlines or score a few points,”

Let me score a BIG point. You are an incompetent, low-life, America-hating, affirmative action, Muslim, Commie Basturd who never worked a hard day in his life and has no idea of
how the common person struggles each day to make ends meet.

A true narcissist who never accomplished anything except to destroy the ecomony of the country.


62 posted on 04/23/2011 5:40:49 AM PDT by wetgundog (" Extremism in the Defense of Liberty is no Vice")
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To: Vision
"The guy’s an anti christ."

YUP!

63 posted on 04/23/2011 5:41:58 AM PDT by blues_guitarist (Obama's "Manchurian" agenda is right on track . . . HE MUST BE STOPPED!! - Black & Humble)
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To: agere_contra

Which was?


64 posted on 04/23/2011 5:55:00 AM PDT by KantianBurke (Hey Tea Party folks - what about Social Security reform?)
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To: Sub-Driver
"You see people trying to grab headlines or score a few points," Obama said in his weekly address.

Like this loser in 2008... LMAO!


65 posted on 04/23/2011 5:55:17 AM PDT by nhwingut (Palin '12... Accept No Other)
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To: Sub-Driver

“...no silver bullet...”? Il Douche’s energy policy is a blank cartridge.


66 posted on 04/23/2011 5:57:55 AM PDT by PzLdr ("The Emperor is not as forgiving as I am" - Darth Vader)
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To: Sub-Driver

The fact is he doesn’t care that they’re high. He wants them even higher.


67 posted on 04/23/2011 6:05:14 AM PDT by Cymbaline ("Allahu Akbar": Arabic for "Nothing To See Here" - Mark Steyn)
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To: Sub-Driver

Note to 0bama.
If you truly believe the “$4 Billion dollar per year Government subsidizes to Big oil” story, then removing said subsidies will increase pump prices.


68 posted on 04/23/2011 6:17:46 AM PDT by Steven Tyler
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To: Sub-Driver

Note to 0bama.
If you truly believe the “$4 Billion dollar per year Government subsidizes to Big oil” story, then removing said subsidies will increase pump prices.


69 posted on 04/23/2011 6:17:55 AM PDT by Steven Tyler
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To: Sub-Driver

“The truth is, there’s no silver bullet that can bring down gas prices right away.”

Another bald-faced hussein lie. Strip off the TAXES and gas prices would go down “right away”.


70 posted on 04/23/2011 6:39:31 AM PDT by battletank
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To: Sub-Driver

“Under my plan, energy prices would necessarily skyrocket.” —Barry Soetoro, AKA Barack Hussein Obama


71 posted on 04/23/2011 6:48:18 AM PDT by ViLaLuz (2 Chronicles 7:14)
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To: paint_your_wagon

BINGO!!!!


72 posted on 04/24/2011 6:05:03 PM PDT by jdsteel (I like the way the words "Palin for President" make progressives apoplectic.)
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