Skip to comments.Gas Prices Officially Double Under Obama
Posted on 04/09/2012 4:09:10 PM PDT by Kaslin
Feeling pain at the pump? You're not alone. Gas prices have officially doubled in President Obama's first term.
In fact, while just barely, Obama has seen an even higher gas price increase than Carter dealt with under his administration.
Under the Carter administration, gas prices increased by 103.77 percent. Gas prices since Obama took office have risen by 103.79 percent. No other presidents in recent years have struggled as much with soaring oil prices. Under the Reagan administration, gas prices actually dropped 66 percent. When Bill Clinton was president, gas prices grew by roughly 30 percent, and under both Bush presidencies, gas prices rose by 20 percent.
Meanwhile, the Obama administration is doubling down on loans for "green" energy, despite a slew of failures and bankrupt companies at the expense of taxpayers:
The Energy Department said Thursday it expects to begin tentatively approving new taxpayer-backed loans for renewable energy projects in the coming months.
The announcement comes about seven months after Solyndra, the California solar firm that received a $535 million loan guarantee from the administration in 2009, went bankrupt, setting off a firestorm in Washington.
“The Department expects to begin issuing conditional commitments over the next several months after completing a rigorous internal and external review of each application,” Energy Department loan program chief David Frantz wrote to the top lawmakers on the Senate Energy and Natural Resources Committee.
At least there’s ONE campaign pledge fulfilled ....
All is proceeding according to plan.
It’s about time people stop pussyfooting around this tyrranical demagogue and laugh him off of a stage or two.
When do people start getting...manifestly peevish?
i notice fewer suv’s out there killing people, too.
We ain’t seen nothing yet. Ovomit understands his Marxism, and he is teaching it to us.
Note the low in December 2008 at $1.61!! It didn't take long after Obama's election to start the upward trend.
Hey, it boosts the tuna industry. Tuna fish, tuna and peas, tuna casserole....Where’s the beef??? Ahh....that was the old days when I was “regular” poor. Now, I’m really, really poor.