Obama Energy Policies HaveCost Economy $358 Billion

Breitbart ^ | 5/4/12 | Robert Allen Bonelli

[Nachum]

Facts are sometimes nasty, persistent things that get in the way of the best political spin. President Obama likes to say that oil production is up and that the rise in gasoline prices is not his fault, but the facts challenge his words. Energy production is up, but only due to policies and practices set in motion ten years ago by the George W. Bush administration, and production is up only on private fields. (Snip) Economists estimate that for every $0.01 increase in a gallon of gasoline sustained for one full year, the economy loses $1 billion for that year.

[Nachum]

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