Obama's Brutal Gaffe: Low Gas Prices Cratered Our Economy

Discussion in 'Politics' started by Wehrwolfen, Oct 17, 2012.

  1. Wehrwolfen
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    Wehrwolfen Senior Member

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    Obama's Brutal Gaffe: Low Gas Prices Cratered Our Economy​




    Obama's Brutal Gaffe: Low Gas Prices Cratered Our Economy


    Obama's Brutal Gaffe: Low Gas Prices Cratered Our Economy

    by Ben Shapiro
    17 Oct 2012

    Last night, President Barack Obama dropped the biggest campaign gaffe of the season – only the media wasn’t watching. It happened during his testy exchange with Mitt Romney over gas prices. First, Obama denied that he’d done anything about denying licenses on oil and gas; he backed off of that shortly. Then he denied that production on federal land was down; he was lying. Finally, Romney hit him with this devastating line:

    The proof of whether a strategy is working or not is what the price is that you're paying at the pump. If you're paying less than you paid a year or two ago, why, then, the strategy is working. But you're paying more. When the president took office, the price of gasoline here in Nassau County was about $1.86 a gallon. Now, it's $4.00 a gallon.

    Obama’s response was horrendous:

    Well, think about what the governor -- 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, because we were about to go through the worst recession since the Great Depression, as a consequence of some of the same policies that Governor Romney's now promoting. So, it's conceivable that Governor Romney could bring down gas prices because with his policies, we might be back in that same mess.

    In other words, bringing down gas prices by drilling creates economic recession. That was Obama’s argument.

    Does anyone think this president understands basic economics?


    (Excerpt) Read more at breitbart.com ...
     
  2. courseofhistory
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    courseofhistory BANNED

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    The price of gas depends on supply and demand as well as Opec reducing supplies to create higher prices, oil speculation and a lot more. One factor is because the economy was doing poorly and people were not demanding as much gas due to job loss, curtailing unnecessary driving, and lots of other factors related to the poor economy.

    Obama did not say that the reverse was the case at all! Or that to lower prices depended on the economy taking a dip again. Gas prices are going to be higher in better times because people have jobs to go to, demanding more gas purchasing, recreational activities, etc.

    Get real! And actually bringing down gas prices by drilling is only a tiny fraction of the lowering cost of gasoline. As a matter of fact, if there is a glut of gasoline on the market, it will eventually cause related (refinery and other) jobs to be curtailed, causing another problem of higher unemployment.
     
    Last edited: Oct 17, 2012
  3. The VOR
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    The VOR Gold Member

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    You might as well be replying to a brick wall. The OP is a partisan hack that only parrots what he is fed by nutbar sites like the one he linked to. The OP has no interest in facts outside of the false rubbish that is fed to him by fellow kooks.

    If the OP even reads your post, I seriously doubt he would be able to comprehend the correct facts you just stated.

    These nutters would be dangerous if they actually had a functioning brain.
     
  4. Mr. Shaman
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    Mr. Shaman Senior Member

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    You Teabaggers should have "discovered" politics a little earlier (rather than right after a Black-dude moved into the Oval Office.)

    [​IMG]

    [​IMG]
    Stupid Fuckin' Teabaggers
     
  5. Steelplate
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    Steelplate Bluesman

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    Yeah...he was saying that the collapse was the cause of the lower gas prices....not the other way around.....

    You know there's another thread on critical thinking.....You do realize that critical thinking extends beyond Obama, right? I mean, I know the voices on the radio don't say that, and in fact limit their own critical thinking skills to Obama and other Dems....but Critical thinking means you can and do use it across the board.

    Try it sometime.....it's good for the brain.....perhaps eat some fish too....brain food and all....
     
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  6. Mr. H.
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    Mr. H. Diamond Member

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    I don't think Obama was entirely wrong. World oil consumption was falling as a result of weakening economies. That had an affect on prices. The rest of his blather is bullshit, though.
     
  7. LordBrownTrout
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    LordBrownTrout Gold Member

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    "The price of gas depends on supply and demand as well as Opec reducing supplies to create higher prices, oil speculation and a lot more. One factor is because the economy was doing poorly and people were not demanding as much gas due to job loss, curtailing unnecessary driving, and lots of other factors related to the poor economy."

    Wrong, prices hovered around 1.50 a gallon in the nineties when the economy was fine and were around 2.00 a gallon from 2000-2006 when the economy was still okay.


    "Obama did not say that the reverse was the case at all! Or that to lower prices depended on the economy taking a dip again. Gas prices are going to be higher in better times because people have jobs to go to, demanding more gas purchasing, recreational activities, etc."

    Yes, he did.
     
  8. daveman
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    daveman Diamond Member

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    Wow. Just...wow. What a moron.

    How is it that any normal person can not listen to this bozo and say, "WTF?!"

    I know how leftists can do it. I was asking about normal people.
     
  9. Mr. Shaman
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    Mr. Shaman Senior Member

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    Take your medicine, Wehrwolfen....you little bitch!!!
     
    Last edited: Oct 17, 2012
  10. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says things is tough all over...
    :mad:
    More people buying food from dollar stores
    Oct. 21 (UPI) -- Supermarkets are the main place U.S. consumers buy groceries, but dollar stores are gaining momentum as are drug and convenience stores, researchers say.
     

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