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, theres 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.
"Thats $4 billion of your money going to these companies when theyre making record profits and youre paying near record prices at the pump. It has to stop," Obama said.
"Instead of subsidizing yesterdays energy sources, we need to invest in tomorrows," 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.
"Were 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.
aim small, miss small
“You see people trying to grab headlines or score a few points,”
Let me score a BIG point. You are an incompetent, low-life, America-hating, affirmative action, Muslim, Commie Basturd who never worked a hard day in his life and has no idea of
how the common person struggles each day to make ends meet.
A true narcissist who never accomplished anything except to destroy the ecomony of the country.
YUP!
Which was?
“...no silver bullet...”? Il Douche’s energy policy is a blank cartridge.
The fact is he doesn’t care that they’re high. He wants them even higher.
Note to 0bama.
If you truly believe the “$4 Billion dollar per year Government subsidizes to Big oil” story, then removing said subsidies will increase pump prices.
Note to 0bama.
If you truly believe the “$4 Billion dollar per year Government subsidizes to Big oil” story, then removing said subsidies will increase pump prices.
“The truth is, theres no silver bullet that can bring down gas prices right away.”
Another bald-faced hussein lie. Strip off the TAXES and gas prices would go down “right away”.
“Under my plan, energy prices would necessarily skyrocket.” —Barry Soetoro, AKA Barack Hussein Obama
BINGO!!!!
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