- Jun 19, 2009
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Obama/Democrats taking credit for their failures....
In President Obama’s State of the Union preview, he touted low gas prices as an example of positive economic results. “America is now in a position to really turn the page,” he said and cited in part the fact that “gas prices have dropped.”
No doubt, the plunge in gas prices from $4 per gallon to just over $2 has benefited the economy. Drivers enjoy the cost savings at the pump each week; many families are saving upwards of $400 monthly in lowered fuel costs. Lower energy costs also bolster employment growth as goods can be produced less expensively. As transportation costs decline, retail prices decline as well.
But can the president claim credit for these savings? Not so much.
Private Sector Not Obama Created Lower Gas Prices
In President Obama’s State of the Union preview, he touted low gas prices as an example of positive economic results. “America is now in a position to really turn the page,” he said and cited in part the fact that “gas prices have dropped.”
No doubt, the plunge in gas prices from $4 per gallon to just over $2 has benefited the economy. Drivers enjoy the cost savings at the pump each week; many families are saving upwards of $400 monthly in lowered fuel costs. Lower energy costs also bolster employment growth as goods can be produced less expensively. As transportation costs decline, retail prices decline as well.
But can the president claim credit for these savings? Not so much.
Private Sector Not Obama Created Lower Gas Prices