Pursuant to a conversation I had yesterday, it is ridiculous that one man has the power to raise and lower prices at the pump- unless it’s the chairman of BP, etc.
Yet the myth lives on that the President has that power- and is, ridiculously in an election year- not using it. From Robert Semple, jr in The New York Times:
The issue of gas prices has not only been misunderstood but thoroughly distorted by relentless ideological spin from industry and its political allies, mainly Republican. Hardly a day goes by that some industry cheerleader somewhere — be it Gov. Bobby Jindal of Louisiana or Senator James Inhofe of Oklahoma — does not flay President Obama for driving up oil prices by denying the industry access to oil and gas deposits and imposing ruinous environmental rules. Senator John Barrasso, a Wyoming Republican, said last week that Mr. Obama should be held “fully responsible for what the American public is paying for gasoline.”
If only the president had the power to give us $2.50-a-gallon gasoline, as Newt Gingrich promised to do if he got to the White House. It is ridiculous to think that a president can.
- Obama: End tax breaks for oil companies (washingtontimes.com)
- Rachel Maddow Debunks Climategate Myths Using Skeptical Science (skepticalscience.com)
- Zakaria: Republicans are pandering on gas prices (globalpublicsquare.blogs.cnn.com)
- Newt Gingrich Blames Price of Gas on ‘Obama’s Policies’ (crooksandliars.com)