Just What Obama Needs

Discussion in 'Current Events' started by WillowTree, Apr 5, 2010.

  1. WillowTree
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    WillowTree Diamond Member

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    crude oil is headed towards $87 bucks a barrel. aka $3.50 bucks a gallon with 8 million unemployed. :) Bad Bad Bad for democwats. Somehow methinks the dude knew this when he agreed to some "offshore drilling".. :)Americans are gonna get real pissed about this.. oh well..
     
  2. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Correction: 15M people are unemployed, an increase of 134,000 last month.
     
  3. Nonelitist
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    Nonelitist BANNED

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    Obama wants higher gas prices.
     
  4. WillowTree
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    WillowTree Diamond Member

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    I stand corrected.
     
  5. WillowTree
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    WillowTree Diamond Member

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    He's going to get them. and he won't be able to blame it on Boooooooooooooosh. he'll try but it won't waaaaaash.
     
  6. uscitizen
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    uscitizen Senior Member

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    Ahh but it raises the GDP and productivity figures. Recovery assured?

    I told everyone when the recession started, want recover? Like $4 gas? You will not have one without the other.
     
  7. GilbertArizona
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    GilbertArizona BANNED

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    Well I'll be surprised if it doesn't get up over $5.00 a gallon in a year or two. After all, G.W. had it up over $4.00 with his cheapening of the dollar. Back then the Republicans were blaming the lack of off-shore drilling and demand in Asia when all the while America was not found wanting for a single drop of oil and Bush was ever increasing the national oil reserve.
     
  8. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    The issue is how this increase will affect consumer activity. 70% of the economy is driven by consumer purchases of goods and services. The Obama Administration includes pretty aggressive GDP growth rates in its budget projections - and still yields huge deficits. If consumers have to retrench yet again to accommodate higher energy prices, that growth has no chance of being achieved.
     
  9. uscitizen
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    uscitizen Senior Member

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    And yet many are opposed to our weaning ourselves off of the oil teat thru alternatives and conservation.
     
  10. SFC Ollie
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    SFC Ollie Still Marching

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    I am all for alternatives. And when our scientists find these viable alternatives that will stand without Government subsidies we'll go after whatever they find. In the mean time start drilling and keep drilling, Every Dollar that doesn't leave the USA is a good thing. And Obama's little offshore adventure seems to be mostly smoky mirrors.
     
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