you’re mistaken if you believe that high oil prices would distress President Obama. He has previously stated he does not mind high prices. What matters to him is how rapid the prices rise.
$4/gal gas by Memorial Day.
Happy days are here again,
the skies above are clear again.
Brother, can you spare a dime?
If he cared we’d be drilling for our own.
$5 by the Fourth of July....
You are correct; but if he gets his $4 gas,,, he won’t stand a chance in 2012. not that he should stand a chance anyway.
I can't wait to see Baraq campaigning on a platform of 4 more years of 10% unemployment and $4 gas. I'm sure for campaign genius Axlegrease it will be a lot of fun.
Exactly. He said this in 2008.
Barack Obama: I think that… we have been slow to move in a better direction when it comes to energy usage. And the president, frankly, hasn’t had an energy policy.* And as a consequence we’ve been consuming energy as if it’s infinite. We now know that our demand is badly outstripping supply with China and India growing as rapidly as they are.
CNBC’s John Harwood: So could the (high) oil prices help us?
Barack Obama: I think that I would have preferred a gradual adjustment. The fact that this is such a shock to American pocketbooks is not a good thing. But if we take some steps right now to help people make the adjustment, first of all by putting more money in their pockets, but also by encouraging the market to adapt to these new circumstances more rapidly, particularly U.S. automakers…