To: rightwingintelligentsia
This BS takes me back to the summer/fall of 2008. Gas was around $1.89 & it made the headlines daily as part of the “Bush economy”
The Kenyan can maintain that the price of gas isn’t his fall....but a moratorium on off shore drilling hasn’t helped.
2 posted on
10/17/2012 5:29:29 PM PDT by
surroundedbyblue
(Live the message of Fatima - pray & do penance!)
To: surroundedbyblue
>>>This BS takes me back to the summer/fall of 2008. Gas was around $1.89 & it made the headlines daily as part of the Bush economy
No, you are off by a couple of dollars there. Gas prices in Jan-05, the start of Ws second term were about $1.85 (sound familiar?). They peaked in Jul-08 at $4.09. The week prior to the Lehman collapse in mid Sep-08 they were still about $3.80.
Prices moved below $2.00 in mid Nov-08 and bottomed out at $1.63 at the end of Dec-08, as 4Q08, GDP fell at a rate of 8.9%. The Jan-09 decline in payrolls of 818,000 likely contributed to the prices witnessed when Obama took over.
35 posted on
10/17/2012 7:10:56 PM PDT by
nc28205
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