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Gas prices set record: 1,000 days above $3 a gallon

Understanding that I have no use for Bush or Obama, can you tell me what Bush actions (and results) were "better" than Obama's? I'm interested specifically in "dramatically different" policies and results thereof.

Until very recently, no day under BHO had unemployment as low as any day under GWB. Even now, the average unemployment number is a yawning gap.:peace
 
So then you blame Bush for the gas prices when they skyrocketed to right?

I don't remember blaming neither Bush nor Obama for skyrocketing gas prices. Its simply supply, demand, speculation, and taxes.

Only thing the government can directly control is the taxes and what we can supply as a raw product. We have supply as a natural resource, and we should sell it while its profitable. Will that bring gas prices down? Probably not. Would it make the US a net exporter and swing the trade deficit to a surplus? Yep.

When the demand comes back down, the government can in turn start purchasing that supply for the reserves. Its the best use for that resource that is currently just sitting there, or being pilfered by angled wells in the Gulf.
 
Until very recently, no day under BHO had unemployment as low as any day under GWB. Even now, the average unemployment number is a yawning gap.:peace

The reason unemployment was low under GWB was directly and specifically connected to the housing bubble which crested and popped during his term. You don't have to be a genius to hammer nails into wood. Homes were built by the MILLIONS. But it was a false economy and it no longer exists. In the meantime, both outsourcing and automation have increased in the last few years and this can not be linked to Obama. Is he a dweeb? Yes. Is he the cause of the job losses? No. I don't think he is. Is there anything he can do about it? Yes, but I doubt it would gain any support. My proposal (I'm sure you've seen me say this before) is to eliminate corporate taxes on companies that produce domestically ands raise rates on companies that outsource more than 10% of their labor. For some reason my letters to Washington keep coming back with "return to sender. address unknown. No such number, no such zone.".
 
The reason unemployment was low under GWB was directly and specifically connected to the housing bubble which crested and popped during his term. You don't have to be a genius to hammer nails into wood. Homes were built by the MILLIONS. But it was a false economy and it no longer exists. In the meantime, both outsourcing and automation have increased in the last few years and this can not be linked to Obama. Is he a dweeb? Yes. Is he the cause of the job losses? No. I don't think he is. Is there anything he can do about it? Yes, but I doubt it would gain any support. My proposal (I'm sure you've seen me say this before) is to eliminate corporate taxes on companies that produce domestically ands raise rates on companies that outsource more than 10% of their labor. For some reason my letters to Washington keep coming back with "return to sender. address unknown. No such number, no such zone.".

First, I acknowledge and honor the Elvis reference ("Return to Sender") and then I must say that your assertion is unpersuasive. There was much more to the GWB economy than the "housing bubble." GWB oversaw prosperity; BHO has not.:peace
 
Understanding that I have no use for Bush or Obama, can you tell me what Bush actions (and results) were "better" than Obama's? I'm interested specifically in "dramatically different" policies and results thereof.

Sure, when Bush announced that he would start opening up lands for exploration and drilling, the price dropped by over $6 per barrel, and continued to do so until the gas price when Bush left office was $1.68 per gallon, since then under Obama's energy policies prices have risen above $3.00 for the longest stretch in history...One of those policy changes was to reverse Bush's pledge to open up all land to exploration, and drilling.
 
Right, because we should hold Obama accountable for OPEC right?

OPEC keeps prices and supply rather steady.... Without them both supply and price would bounce all over the place.
 
Sure, when Bush announced that he would start opening up lands for exploration and drilling, the price dropped by over $6 per barrel, and continued to do so until the gas price when Bush left office was $1.68 per gallon, since then under Obama's energy policies prices have risen above $3.00 for the longest stretch in history...One of those policy changes was to reverse Bush's pledge to open up all land to exploration, and drilling.

According to the WSJ, hardly a "liberal source", that is simply not the case. US OIL PRODUCTION BY YEAR. I'm not crediting Obama, this might be in spite of him instead of because of him. But core facts are, well, core facts.
 
While in retrospect, it is fairly apparent that the President does not control gas prices, I can see why Bush, who was closely linked to the oil profiteers, was suspect at the time. The effort to blame Obama follows the same mentality of those who claim Bush was behind 9/11. Very, very unlikely.

Gas prices, while not cheap, aren't that high in relativity to other commodities. How is it that $35 an ounce gold is now $1300? A nickel cup of coffee is now $2.39? It's just inflation, not a sinister plot.

Well to here REpublicans tell it everything Obama does is a plot against America considering he is a Muslim sypathizer, who was not born here!
 
THANK YOU!!!! Well that certainly puts to rest all of the "gas price has been level", "Inflation dollars", "Obama didn't do it".....CRAP!

So how'd it get to $3.72 the first time before Obama was elected? Did he do that too?
 
I'm sorry sly, but I don't play this game. It's really rather juvenile to use statement like "why can't you be honest".

Here is the chart for 10 years. Note the trend. You're mistaken in your claims.

View attachment 67153754

I'll run along. As I wrote, I don't do the scramble game.

See, I read the chart and see $1.43 after Bush's first four years and it going up steadily until the economy crashed. I must be reading this wrong because it doesn't explain how that $4.12 in July of '08 is Obama's fault.
 
Sure, when Bush announced that he would start opening up lands for exploration and drilling, the price dropped by over $6 per barrel, and continued to do so until the gas price when Bush left office was $1.68 per gallon, since then under Obama's energy policies prices have risen above $3.00 for the longest stretch in history...One of those policy changes was to reverse Bush's pledge to open up all land to exploration, and drilling.

That's also when the whole economy crashed. Damn that Obama forcing Bush to raise gas prices against his will.
 
OPEC keeps prices and supply rather steady.... Without them both supply and price would bounce all over the place.

Really, so when you think someone sneezes in the general direction of the M.E. prices of oil should raise $20 per barrel?
 
$3 a gallon. Pffffttttt. You guys DO realise that most of the rest of the world pays more than that, right?
 
Really, so when you think someone sneezes in the general direction of the M.E. prices of oil should raise $20 per barrel?

I think the value of the dollar has a lot to do with that.. They can't eat the discount..
 


"The new normal" eh? Who says this has to be? Obama? Look, his policies are hurting the middle, and poor. Why should we continue to take this without making him account for it? I am tired of not having enough money to even go out to dinner anymore. All because Obama wants to break the system.

Keep going progressives, send yourselves into political obscurity for another 100 years. :2wave:


i notice you are blaming Obama here. What exactly can he do to make companies lower costs that you would approve of? I must also add this should have the desired effect of lowering costs and not juist let the oil companies absorb the profits.
 
LOL the apologists begin. So you're saying the price rose above $4 because we were in a boom? :lamo Gimme a break. Is that the best you have? :lamo

Yes, it's called supply and demand but I suppose you think prices were high because Bush made them that way for his "oil buddies". :lol:
 
Yes, it's called supply and demand but I suppose you think prices were high because Bush made them that way for his "oil buddies". :lol:

Nope, unlike you, I know a president doesn't make oil prices go high up or down. But hey, when gas prices were high it wasn't Bush's fault, but now they are Obama's fault. :roll:

If you want to look ignorant, I'm not stopping you.
 
Nope, unlike you, I know a president doesn't make oil prices go high up or down. But hey, when gas prices were high it wasn't Bush's fault, but now they are Obama's fault. :roll:

If you want to look ignorant, I'm not stopping you.

What is ignorant is not recognizing the law of supply and demand under Bush and not recognizing the results of Obama's anti fossil fuel policies.
 
What is ignorant is not recognizing the law of supply and demand under Bush and not recognizing the results of Obama's anti fossil fuel policies.

Yes, we were booming all right under Bush when gas prices rose over $4, we had unemployment rising, jobs loss rising. But according to you that was booming. Sorry, history shows you are wrong.
 
Oil is traded on the stock market, and oil prices have a great affect on gas prices. You know this.

It is high employment, booming industry and people with money to spend that makes oil go up, supply and demand. As the demand grows traders bid the price of oil up.
 
i notice you are blaming Obama here. What exactly can he do to make companies lower costs that you would approve of? I must also add this should have the desired effect of lowering costs and not juist let the oil companies absorb the profits.

Obama could open up fed lands to drilling, easy fix.
 
Bush didn't set any records, Obama did. And Obama appears to have actually encouraged high gas prices

Wrong. The highest average price for gasoline occurred during the Bush administration. (hint: its helpful to know the facts before you post like you do...).... not to mention that the greatest percentage increase in gasoline prices also occurred during the bush administration (almost 3005 from 2001 to the end of 2008).

Weekly U.S. All Grades All Formulations Retail Gasoline Prices (Dollars per Gallon)

Much of the upward pressure on gasoline prices has more to do with the falling dollar in the soft economy since 2008 than anything. A falling local currency is usually a good thing in a recession as making imports more expensive tends to strengthen the local economy (making "build it here" cheaper than "buy it from there")

Gasoline Prices Are Not Rising, the Dollar Is Falling - Forbes
 
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