OBAMANOMICS ON GAS PRICES

OBAMANOMICS ON GAS PRICES Recovery Means Higher Gas Prices “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.” Let’s also take Obama’s illogic straight on: If he’s right that an improved economy = higher gas prices, then isn’t he telling us that we can never expect to see gas prices fall again (because of course we all know his policies are causing a “huge recovery”)? That’s comforting– kind of like the statement of his Dep’t of Interior Secretary Steven Chu from Feb, 2012 that the Administration’s goal was “somehow we have to figure out how to boost the price of gasoline to the levels in Europe” (around $8/gal.). It isn’t so much what President Obama says (though that is bad enough), it is what he doesn’t say that one has to listen very closely to hear.