Friday, May 25, 2012

Who Is to Blame for Falling Gasoline Prices?

Last March, when national gasoline prices averaged around $3.80 a gallon, Mitt Romney, who hopes to be the first Mormon president, announced that it was all President Obama’s fault.

He did.

This is what he said as quoted at CBS News:
“The Republican presidential candidate, speaking in an interview with Fox News, said he ‘absolutely’ believes Mr. Obama is responsible for high gas prices, contending that ‘he has not pursued policies that convince the world that America is going to become energy secure, energy independent.’”
Well guess what. The last time that an American president sought to “become energy secure” was on Apri1 18th, 1977 when then-President Jimmy Carter established the Strategic Petroleum Reserve, established the solar power industry and introduced incentives to insulate your home.

Neither Reagan, Bush-41, Bush-43 nor Bill Clinton had a workable energy policy.

John McCain had one: “Drill, baby, drill.” A take-off on the Detroit riots cry of “Burn, baby, burn.”

But hey, now we are all seeing gasoline prices fall precipitously, aren’t we? And on Memorial Day Weekend no less, typically a time when you see gas prices spike.

What does Mitt Romney have to say about this turn of events? Obama is still president and seems to have presided over a 40 cent per gallon drop in just a couple of weeks. 

Well, let me look it up…wait one…wait one…



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