Gas prices when Obama took office

I seem to recall some sort of economic disturbance that existed during that same time.

Oh... now those are relevant... but not the dot com crash or 9/11 to the bush tax cuts. We're about the same length out now... if not further... than when we saw tax revenues begin to increase and gdp grow after those cuts were enacted. right?

boards of FL wrote:I seem to recall some sort of economic disturbance that existed during that same time.

Yes, blame someone else....but no...your boy owns it.

Well this is interesting. What powers does a president have which effects the global price of oil and refined products?

Good question. I think Greg Palast has the answer. His theory is that Saddam Hussein, after suffering sanctions, was going broke after the Iran/Iraq war. His plan was to sell oil on the open market to save his country. That action would have destabilized the price of oil. You figure it out.

PACEDOG#1 wrote:

boards of FL wrote:I seem to recall some sort of economic disturbance that existed during that same time.

Yes, blame someone else....but no...your boy owns it.

PACEDOG, in your honest opinion, why do you think gasoline was so cheap during the time period in which Obama took office?

Look at this image and notice the sharp drop off in the price of gasoline that occurred during late 2008.  I'm curious as to how you explain that.  What theory does a GOP supporter apply to explain such a sharp change in price for gasoline?

PkrBum wrote:Oh... now those are relevant... but not the dot com crash or 9/11 to the bush tax cuts. We're about the same length out now... if not further... than when we saw tax revenues begin to increase and gdp grow after those cuts were enacted. right?

Of course recessions are relevant. Honest question to you, PkrBum: Why was gas so cheap in January 2009? What is the GOP-base theory on that phenomenon?

PkrBum wrote:Oh... now those are relevant... but not the dot com crash or 9/11 to the bush tax cuts. We're about the same length out now... if not further... than when we saw tax revenues begin to increase and gdp grow after those cuts were enacted. right?

Well... aren't there charts or something to fire back with? I disagreed with those cuts... and the fed actions.

What are the results?

I have to say the level of intelligence on the repug side is very disturbing. Has anyone noticed this?

Dreamsglore wrote:I have to say the level of intelligence on the repug side is very disturbing. Has anyone noticed this?

Especially with the Obama haters......   

The president can influence gas prices. If his foreign policy is good then cost should be stable.

And why cant we benefit from oil removed from American soil?

Ti wrote:The president can influence gas prices. If his foreign policy is good then cost should be stable.

And why cant we benefit from oil removed from American soil?

 
Because our fossil fuel resources aren't nationalized, commie. 

If we look at pacedog's own chart,  it shows us the very biggest increase in gas prices happened between 2000 and 2008,  when Bush was in office.  lol




Do you have a response to that, pacedog? lol

I don't think President Obama should be blamed for the cost of oil. But I sure remember how much former President Bush was blamed when he was in office. Why the double standard?

QueenOfHearts wrote:I don't think President Obama should be blamed for the cost of oil.  But I sure remember how much former President Bush was blamed when he was in office.   Why the double standard?

Because liberals blame conservatives for everything.  Just like conservatives blame liberals for everything.

It has nothing to do with reason or common sense.  It's just the liberal and conservative brainwashing.
The whole thing is inspired by The King of Sports (wrastlin).  The fans on one side of the ring always booed Hulk Hogan while the fans on the other side of the ring always booed Randy Savage.