Skip to comments.Obama: Rising Gas Prices Means The Economy Is Strengthening (video)
Posted on 02/15/2012 8:23:10 AM PST by i88schwartz
At a press event on the payroll tax cut yesterday, President Obama mentioned how extending the proposal would help Americans pay for gas as the price increases.
Obama attributed the growing price of oil to a strengthening economy which in turn means demand for oil increases.
"And when gas prices are on the rise again because as the economy strengthens, global demand for oil increases. And if we start seeing significant increases in gas prices, losing that $40 could not come at a worse time," Obama said.
(Excerpt) Read more at realclearpolitics.com ...
What an idiot. I clearly hope the majority of people living in this country today are not dumb enough to re-elect this fool. It’s common sense that our dollar is falling in value and oil is climbing. This is a double-whammy.
The media will report this as fact. The people don’t have the critical thinking skills to question it. Our collective memory doesn’t seem to extend far enough back to remember the outrage at $2.50/gallon gas during the Bush years.
Gas is headed to $5/gallon. Obama and his energy secretary are pleased, and the people? I’m absolutely stunned by just how stupid my fellow Americans have become.
No offshore drilling
Shut down leases in Utah, Wyoming, and Colorado
And this is a sign of a strengthening economy? (More like an increasingly worthless dollar).
So when gasoline hits 7-8 dollars per gallon, our economy will simply be smoking, won't it?
Well hells bells. Let’s get gasoline to 50 dollars a gallon and REALLY strengthen the economy.
Wonder if reduced domestic refining has anything to do with it?
Wonder if reduced domestic refining has anything to do with it?
>>Obama attributed the growing price of oil to a strengthening economy
I hate that SOB! He’s gone from quiet disdain for the American working class to openly taunting us.
The administration has announced that coming soon, regulations for fracking.
He’s delusional. Rising gas prices kill the economy. Drill here, drill now and start the darn pipeline from Canada! Did he take notice that the gas prices are rising ever since he killed the pipeline deal?
Then let's get it up,to $10 a gallon so the economy can take off like a rocket.............
Im absolutely stunned by just how stupid my fellow Americans have become.
You can’t fix stupid. I try every day to explain the role of a declining dollar. But, many believe it’s Big Business that is running up prices.
Why stop there?
WHAT A TOOL
Does he really REALLY think “demand” is what drives rising prices?
How about scarcity?
How about fears of war in the middle east and Iran?
How about instability in Egypt, Libya, Nigeria, Iran, Iraq
How about reassurance in OPEC the US is not gonna drill and challenge their price monopoly?
How about Iran not selling oil to europe and forcing them to buy elsewhere in the market?
How about EPA regulations?
Gas demand is on a downward spiral!!! TOOL!
"I daresay you haven't had much practice," said the Queen. "When I was younger, I always did it for half an hour a day. Why, sometimes I've believed as many as six impossible things before breakfast."
Alice in Wonderland.
Don’t forget that unemployment payments also spur the economy.
Combining the two, you can see that we are prospering. In fact, we’ve never been better off.
If that is true, then we can also expect a rise in interest rates, which will drive our debt servicing costs thru the roof.
Yes, I remember how terrible things were when gasoline was $1.98 a gallon.
FREEDOM IS SLAVERY
INFLATION IS ECONOMIC PROSPERITY
More Newspeak from our Big Brother.
Well, then, we should all hope for ten bucks a gallon. Oops, the Pres. already does.
For Liberals progress equals killing the poor before they are born, plan B is to strangle them at the gas pump.
Jeez Louise!...I love it when the ass hat community organizer shows the world he never took business 101.
Also, government subsidies spur growth, so let’s subsidize EVERYTHING!............
IMO, I believe the majority don't really pay attention to the election till Sept/Oct. Using the MSM as their info source.
And fewer people looking for work, having given up, means lower unemployment; i.e., a “recovery.”
LOL I didn’t realize how bad we had it back in the days when gas was around 60 cents per gallon.
Hot damn, a sob story to tell the youngsters about.
This is a sign of intentional destruction of America’s energy infrastructure.
It is methodical, intentional and with purpose.... to weaken the economy and deny America her ability to fight a war even if it is purely defensive. Without energy? There is no economy. Without energy? There is no defense.
Everything this Ghazi touches and everything he does is about the weakening and destruction of America.
I think the tragic truth is that the majority of the American people — particularly those under 40 — simply do not care one way or the other.
They now care simply and solely about bread and circuses — the circuses being the profligate way they now live their own lives and choose to entertain themselves (consider today’s movies, TV shows, and music).
Hopeless? Not if you are a Obamunist. It is life as they want the peonage to live it.
Crickets chirping from the Lame Stream Media.
Really. Why doesn’t some Journalist ask if such a scenario as you tongue-in-cheekily suggest were to happen if indeed the economy go into a roar?
Better yet, get a couple of pubbies out there and maybe come up with such clever snark. No wait....gotta have some courage there...forgot.
It’s the “multiplier effect.” Sure, it’s never worked, and it defies common sense, but let’s give it a try —what with the flourishing economy, and everything.
I would endure gas at $10/gallon if it means for certain that Osama is run out of office by outraged people. The FUBAR economy is his now, like a millstone around his scrawny neck. Our mantra in 2012 must be, “It’s the economy, stupid!”
The German economy was especially vulnerable since it was built upon foreign capital, mostly loans from America and was very dependent on foreign trade. When those loans suddenly came due and when the world market for German exports dried up, the well oiled German industrial machine quickly ground to a halt.
As production levels fell, German workers were laid off. Along with this, banks failed throughout Germany. Savings accounts, the result of years of hard work, were instantly wiped out. Inflation soon followed making it hard for families to purchase expensive necessities with devalued money.
Overnight, the middle class standard of living so many German families enjoyed was ruined by events outside of Germany, beyond their control. The Great Depression began and they were cast into poverty and deep misery and began looking for a solution, any solution.
Adolf Hitler knew his opportunity had arrived.
....and then we can tax all those evil rich people and everybody will be happy!...........
Decreases in supply also lead to rising prices. Iran has been threatening to cut supplies for weeks and actually did today. That is probably the main reason for the price increase.
The lowest price I remember was 29 cents a gallon back in the early sixties. Of course, that was back when America resembled North Korea more than anyplace else, and we didn’t have a recovery to look forward to.
.....and here I thought that gasoline sales in this country were tanking....
If he kept his mouth shut we would merely think of him as a fool, but with his pie hole gaped open all the time he leaves us no doubt.
Aside from the (inconveeeeenient) fact that actual demand for gasoline is DOWN...
...I'd like to hear why it is that rising gas/oil prices under a Republican President are BOTH bad and the fault of the "EVIL" oil companies and speculators, whereas under a
Dumb Dim Democrat President they are cause for celebration? Silly me, I didn't feel much like celebrating yesterday morning after dumping $48 in the tank for a week's worth of driving.
And where's the f'ing Lamestream Media on this utterly cynical, utterly false assertion? Don't answer, we know that they are busy Lewinskying Barack.
It’s expressing pessimism like this that has this country on the ropes. Try being a little more optimistic! Surely we can get gas up to $50 a gallon and have an even better economy!
The first one who should pounce on this is Gingrich. I write this because he has stated that he wants gas to go down to 2 dollars a gallon. He should issue a statement that he has reconsidered his stance. He should offer to support Obama’s energy policies if Obama will decree that gas must now be sold for 50 dollars a gallon. And why not? If emperor Obama can force insurance companies to give out contraceptives for free, then he can decree that gas must now be 50 dollars a gallon.