President Obama on gas prices at the debate: "Think about what the Governor just said. He said when I took office, the price of gasoline was $1.80, $1.86, why is that? Because the economy was on the verge of collapse." Obama: Gas Prices Were Low Because Economy Was On Verge Of Collapse | RealClearPolitics WOW...! What a novel solution to high gas prices! Just have more people unemployed! Have a lower GDP! Is that the way Obama sees the economy? The more the economy gets worse the LOWER gas prices will go???