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Obama: No 'silver bullet' to bring down gas prices
The Hill ^

Posted on 04/23/2011 3:22:20 AM PDT by Sub-Driver

Obama: No 'silver bullet' to bring down gas prices By Gautham Nagesh - 04/23/11 06:00 AM ET

President Obama said Saturday there are no easy answers for lowering gas prices, which are hovering above $4 a gallon, and criticized politicians who push plans to immediately reduce the price of gas.

"You see people trying to grab headlines or score a few points," Obama said in his weekly address. "The truth is, there’s no silver bullet that can bring down gas prices right away."

The president then laid out his own plan for controlling prices, focusing on ending price gauging but calling for an end to the $4 billion in federal subsidies for oil and gas firms.

He said there are some steps the U.S. can take to improve the situation such as ramping up domestic oil production and ending subsidies for oil and gas firms.

"That’s $4 billion of your money going to these companies when they’re making record profits and you’re paying near record prices at the pump. It has to stop," Obama said.

"Instead of subsidizing yesterday’s energy sources, we need to invest in tomorrow’s," he added, voicing his opposition to a proposal before Congress that would cut the government's clean energy investments by 70 percent.

Obama also pointed to a Justice Department task force launched Thursday with the sole aim of discovering fraud or manipulation in the oil markets, such as illegal trading or speculators, that may impact prices.

"We’re going to make sure that no one is taking advantage of the American people for their own short-term gain," Obama said.

The president acknowledged the added hardship of rising gas prices while the country is still recovering from a prolonged recession but said there are no quick solutions. Obama suggested Thursday that his lagging poll numbers are due to high gas prices nationwide.


TOPICS: Business/Economy; Government; News/Current Events
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To: Sub-Driver

Yeah, raise taxes on the oil companies, zerO
That’ll fix the problem
sarc

We ALL know the problem
He lives at 1600 Pennsylania Avenue
Schmuck
Get Out of my White House you big dope!


41 posted on 04/23/2011 4:41:40 AM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: Sub-Driver

“We’re going to make sure that no one is taking advantage of the American people for their own short-term gain,” Obama said.

The hilarity of that statement would be tremendous if it
weren’t so tragic.


42 posted on 04/23/2011 4:42:03 AM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: Tex52

Yes, that’s what I figured.

In this case Zero is playing word games to demonize the oil industry. Alinsky tactics to divide the nation.


43 posted on 04/23/2011 4:43:29 AM PDT by paint_your_wagon
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To: Sub-Driver
Obama also pointed to a Justice Department task force launched Thursday with the sole aim of discovering fraud or manipulation in the oil markets, such as illegal trading or speculators, that may impact prices.

So what, exactly, is the DOJ going to do about speculators overseas? Oh wait, we're talking about Zero here. So... drone strikes, I guess.
44 posted on 04/23/2011 4:51:11 AM PDT by Renderofveils (My loathings are simple: stupidity, oppression, crime, cruelty, soft music. - Nabokov)
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To: agere_contra

Obama isn’t Bush...not even close.


45 posted on 04/23/2011 4:56:35 AM PDT by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: TYVets
"You see people trying to grab headlines or score a few points," Obama said in his weekly address."

Quite an ironic statement coming from this President. I guess we all forgot his recent speech on the budget.

46 posted on 04/23/2011 4:57:33 AM PDT by Senator_Blutarski
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To: Senator_Blutarski

He said he could just listen: http://www.youtube.com/watch?v=dnLP12X3EgM


47 posted on 04/23/2011 5:03:49 AM PDT by scooby321
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To: paint_your_wagon

The wealth of America is being forcibly sent to the rest of the world by redistributing our money at the gas pump one gallon at a time. This is a plan.


48 posted on 04/23/2011 5:08:49 AM PDT by healy61
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Comment #49 Removed by Moderator

Comment #50 Removed by Moderator

To: silverleaf
Some one here on FR came up with the idea of making stickers to go on gasoline pumps.

They simply said:

THANKS 0BAMMA

Why limit the stickers to gasoline pumps when the price of almost everything else is going up.

Stickers for grocery store shelves, building supplies, even most of the items Walmart sells need one of those stickers.

51 posted on 04/23/2011 5:11:25 AM PDT by TYVets (Pure-Gas.org ..... ethanol free gasoline by state and city)
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To: Sub-Driver

Baloney....Take the fed tax off for the summer!! And if I remember correctly, the last raise was via Clinton. This tax effects both rich and poor alike and but the worse effect is on the workers...who are the most prolific buyers of goods.


52 posted on 04/23/2011 5:12:16 AM PDT by Sacajaweau
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To: Sub-Driver

I think he wants gas prices up so you’ll sell your gas guzzler and buy a Gov. Motor Electric.


53 posted on 04/23/2011 5:21:34 AM PDT by JamesA (You don't have to be big to stand tall)
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To: Sub-Driver

That is because you stole all of the silver bullets from Industry and have them locked up at Fort Knox. FU obama... we will be ****ing you over in the November to Remember (2012) kenyan!

LLS


54 posted on 04/23/2011 5:22:19 AM PDT by LibLieSlayer (WOLVERINES!!!)
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To: Fred911
Heck Barry, this un's only a couple hundred bucks!
55 posted on 04/23/2011 5:24:49 AM PDT by misanthrope (Liberals just plain suck!!)
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To: misanthrope
Oops, i meant THIS one's only a couple hundred bucks!!
56 posted on 04/23/2011 5:28:19 AM PDT by misanthrope (Liberals just plain suck!!)
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To: Sub-Driver
"We’re going to make sure that no one is taking advantage of the American people for their own short-term gain," Obama said.
YIPPEE!
Barry's gonna turn himself in to the U.S. Marshals!


And who said he wasn't a swell guy.
...............

57 posted on 04/23/2011 5:29:37 AM PDT by Condor51 (The difference between stupidity and genius is that genius has its limits [A.Einstein])
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To: Matt Hatter

Amen!


58 posted on 04/23/2011 5:30:46 AM PDT by jennings2004 (Sarah Palin: "The bright light at the end of a very dark tunnel!")
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To: nhwingut
RUSH LIMBAUGH STATED THIS AND THEN BACKED THIS UP...

Since 1977 the OIL INDIUSTRY has paid 584 BILLION DOLLARS IN US TAXES ON PROFITS. THE OIL INDUSTRY HAS COLLECTED FROM US AND DELIVERED TO THE US GOVERNMENT 1.92 TRILLION DOLLARS IN ADDITIONAL USER FEES AND TAXES LEVIED ON OIL CONSUMPTION AND EXTRACTION... THE PROFITS OF THE OIL INDUSTRY DURING THAT ENTIRE TIME HAS BEEN JUST UNDER 600 BILLION DOLLARS. WHO IS MAKING THE OBSCENE PROFIT OFF OF OIL? WHY AREN'T ANY ELECTED REPUBLICANS BASHING OBAMA OVER THE HEAD WITH THESE FACTS? BECAUSE THEY ARE LAZY, STUPID OR CORRUPT... OR ALL THREE!

LLS

59 posted on 04/23/2011 5:30:46 AM PDT by LibLieSlayer (WOLVERINES!!!)
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To: Sub-Driver

The guy’s an anti christ.


60 posted on 04/23/2011 5:31:43 AM PDT by Vision ("Did I not say to you that if you would believe, you would see the glory of God?" John 11:40)
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