Skip to comments.GEITHNER: 'THE OVERALL COST OF ENERGY FOR CONSUMERS IS DOWN
Posted on 04/16/2012 4:05:01 PM PDT by Jerome Hudson
On Sunday, Treasury Secretary Tim Geithner told ABC's This Week host George Stephanopoulos that Americans are "in a much better position to deal with" soaring gas prices because "the overall cost of energy for consumers is down."
(Excerpt) Read more at breitbart.com ...
put down the crack pipe, timmy
Tax Cheat Timmy is using an Obama/Clinton way of speaking...my "costs" on new car buying have been ZERO dollars since 1989...because I quit buying new cars that year and have bought USED cars ever since.
In the same way, COSTS for consumers are DOWN because they're ENGAGING IN LESS ECONOMIC ACTIVITY.
That was kind of my take on what Tim (New Math) Geithner was pitching when he was talking about 'overall costs of energy for consumers being down' ...
There very well may be some bizzaro case where he can make that statement. Like you mentioned: less money is now spent on energy by consumers because unemployment as gone from 4% to >10% ... or some similar contortions of book-keeping.
The bottom line is that this Administration has been a disaster for all aspects of the Economy, but they've excelled in their zeal to destroy the Energy producing industry. They've squandered billions on dead end greenie projects. They have shutdown drilling. They have shutdown large segments of the coal industry. They stop the building of pipelines. They impede exploration and development of practical sources of carbon based energy resources.... And, of course, they run out to the front of the parade regarding any advancements that were launched under the Bush Administration. They are clowns that would be the source of hilarity if they weren't causing so much pain to the Nation.
Well, they are leftists in every other way, why not throw in IQ?
Gas was under two bucks three years ago, so yeah, prices are down. Or something.
it’s fuzzy math. a negative and a negative is a positive.
When will this Eddie Haskell look-alike ever be fitted for chrome bracelets?
These people simply spout whatever words they think will make themselves look good whenever needed - they contemptuously believe most of the public is too ill-informed and unsophisticated to know any differently - and sadly it seems to be turning out that they’re correct.......