This really demonstrates how out of touch Obama is. Were Bill Clinton POTUS, he would be claiming credit for dropping oil prices at every opportunity.
Ironically, the reason Obama isn’t is because he is so ideologically rigid that he is miserable that oil prices are falling. Like many in his party, he wants gasoline prices at European levels, like $5-7 a gallon, because “gasoline is bad”, along with all other fossil fuels.
Remember that these Democrats were determined to “destroy coal”, to the point that this winter, New England is going to freeze its pasty-white rear end off, because they closed their energy producers hoping they could power it all with windmills. Idiots.
The bottom line is that this may initially cause some deflation, because of lower fuel prices. But then production will increase across the board.
The one group of people who will be getting screwed in the deal are those who are in Obamacare, because any increase in their wages will be more than offset by the hit they take to pay for higher medical costs.
Thanks for the best laugh of the day. If OboZo had a brain, like Clintoon, he would be taking credit for what’s happening. However, his Islamic Facist Enviralmentally infected brain hates America too much to realize what is happening under his watch, in spite of him.
“This really demonstrates how out of touch Obama is. Were Bill Clinton POTUS, he would be claiming credit for dropping oil prices at every opportunity.
Ironically, the reason Obama isn’t is because he is so ideologically rigid that he is miserable that oil prices are falling. Like many in his party, he wants gasoline prices at European levels, like $5-7 a gallon, because “gasoline is bad”, along with all other fossil fuels.