Despite record gas prices Democrats killed another Arctic drilling project this month. This came after Obama’s recent move to reject the Keystone pipeline project. US gas prices at the pump have doubled since Obama took office.

Gas Buddy

Enough.
Neil Cavuto blames high gas prices not so much on Obama’s failed energy policies as on his failed economic policies and record spending.
Your World reported, via Lucianne:

Enough. This whole, blame the evil oil companies for this gas spiral. Enough. People who know better sounding like they have brains made out of butter. I’ve heard the prattling on, now time for some basic facts to sink in. Gas prices aren’t rising. The dollar is falling. Let me explain that. Oil is priced in dollars. Dollars are getting cheaper. It takes more of them to buy oil. So oil gets more expensive. Gas gets more expensive. Traders can gun that. Some can try and capitalize on that. Make bets on that. But that….is that. Finite product.

 

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  1. The falling dollar is something I’ve been noticing for quite some time. We are being actively impoverished by the deliberate looting of the Treasury by this corrupt and criminal administration.

  2. NEIL CAVUTO for PRESIDENT and ADMINISTRATION STAFF! Why can’t we have Neil Cavuto SMARTS in the WHITE HOUSE instead of a Socialist, Vacationing President?

  3. Falling dollar, collapsing economy – That is Obamanomics in ACTION

    Just ask the Ghost of ALINSKY!

  4. Finally someone else is talking the truth. I’ve noticed other blogs that are discussing the price of oil/gas, but that is only a symptom of our weak dollar.

  5. Inflation is the cruelest tax. It hits everyone.

    They will need it to pay the $100,000,000,000,000.00 in pay-offs, er, entitlements to the 100,000,000 illegals they will bring in over the next 30 years.

    Michelle Antoinette’s face will be on $100,000,000 bills.

    I keep telling you people: buy gold and guns.

  6. That’s exactly it. A strengthened dollar, more domestic reliance on resources (not pie-in-the-sky science fiction “resources”), loosened regulation, and lower taxes on gasoline would bring prices back down.

  7. “Falling dollar, collapsing economy – That is Obamanomics in ACTION”

    This isn’t just Obama, it’s the establishment which also consists of RINOs and other big government Republicans.

  8. http://dailycaller.com/2012/02/27/madoff-invested-charities-contributed-365k-to-media-matters/

    Madoff invested charities contributed 365 thousand to Media Matters

  9. #10

    OT

  10. If you have one eye open and that eyeball is watching gold, that in and of itself tells you all you need to know regarding the dollar’s value.

    It’s criminal the way this administration has spent. They have NO IDEA how wealth is created.

  11. Obama finance Chief funded Media Matter

    http://nation.foxnews.com/president-obama/2012/02/21/obama-finance-chief-funded-media-matters

    Wonder why we are going to Hell in a hand basket. If this administration got us in the pickle we are in with raising gas prices, DEBT, DOWNGRADE, DOLLAR FALLING, HOME FORECLOSURE, AND GOVERNMENT HANDS IN EVERYTHING BUT WHERE THEY SHOULD BE, Drilling, lay off private sectors, stop regulations on Goal, gas, food and start doing your job and stop meddling into every aspect of our life.

    They have no experience but meddling.

  12. Most pundits don’t talk about inflation and a weak dollar. For one, they don’t understand it so it’s just easier to say “Drill baby Drill,” and it’s easier to talk about gas prices.

  13. I don’t believe there are any real economists in Washington.

    ________________
    The Existential Financial Problem Of Our Time

    The problem is insuperable. More debt has been created in the past forty years than will ever realistically be paid back… which leads us to the existential financial problem of our time:

    The modern, debt-based economy requires constant economic expansion if only to service all that debt. So what happens when the modern economy goes ex-growth and stops expanding?

    Iceland already found out. Greece is in the process of discovering. But we will all get a chance to participate in this lesson.

    Runaway fiscal and monetary stimulus throughout the western economies is in the process of destroying the concept of creditworthiness at the centre of the modern monetary system. Private investors, we suspect, have little or no conception of the extent to which the state is now the predominant player in the financial markets.

    Central banks control the money supply and interest rates. Central banking and commercial banking interests have essentially become fused.
    The ECB’s long-term refinancing operations are banking bailouts by the back door. Central banks are now also the swing players in government bond markets which directly influences the price for corporate credit. Central bank monetary stimulus also directly influences equity market direction and confidence.

    Be careful, be very careful about the sort of government debt you hold. You may well end up being paid in whole- but in such depreciated terms that being “kept whole” will be meaningless in real terms.

    In all other respects, our investment choices remain what they have always been: high quality, high yielding defensive equities; uncorrelated systematic trend-following funds; gold, silver, and gold and silver mining companies.

    There will come a point, and it may admittedly be some time in coming, when a major government bond market goes bang. Perhaps Japan, some peripheral market in the euro zone, some core market in the euro zone, the UK, or even the US.

    You will hear the echo throughout the world. We intend to be a very long way away when that time comes.

    http://www.zerohedge.com/news/guest-postthe-existential-financial-problem-our-time

  14. Inflation with no growth.

    They gave that a name:

    Stagflation

  15. odumbo is laughing…his plan is coming together every day…he is laughing at the repubs….mitt and santorum and laughing….he knows he has the illegal votes, acorn, mooslime brotherhood, soros etc to get re-elected…we are doomed unless something drastic happens

  16. Obama spent us into 5 trillion in debt.

    http://www.usdebtclock.org/

    Spend us out of this disastrous economy. What does he do, Obama care. Then more money spend of Green. More favors for his contributors. Spend us into a S & P Downgrade.

    And Yes, has he started drilling we would be closer to independence. Now, it will take us a while and hopefully the next president come November will have a great vision for American.

    And community organizers will be sad memory but gone and out of our life.

  17. Immelt x GE guy. Sending jobs to China.

    President Obama’s Jobs Czar, Jeff Immelt, falls into the first category, unfortunately. His definition of an American product is the same as the US auto industry. To the investor class, corporate America and politicians alike, being ‘American Owned’ is more important than being ‘American Made’. President Obama’s choice of Mr. Immelt as his ‘Jobs Czar’ clearly suggests the President shares the same view.

    But America’s auto workers had a warning – ‘American owned is not the same as American made’. After a little research on their own autos, many Americans were horrified to discover that their ‘American Made’ car was actually made in a distant foreign country like Brazil and assembled in a near-by country like Mexico. At the same time, Americans found out that ‘Foreign’ cars, like Toyotas, Nissans and Hondas, were actually made right here in the good old USA by American workers with good jobs and good paychecks.

    Unfortunately for America’s workers, men like President Obama put their faith and trust in people like Jeff Immelt. And CEO’s like Jeff Immelt admittedly pledge their loyalties not to their country or their countrymen, but instead to maximizing profits for their corporate shareholders. If higher profits come at the price of devastating their country, so be it. As Jeff Immelt has said himself, GE has a second home in China.

    http://www.whiteoutpress.com/articles/wach/jobs-czar-sends-american-jobs-to-china571/

    Now remember Immelt sent various parts to Iran, GE parts, they could have been used to kill our troops.

    Here is the sad fact, because of people like this our economy doesn’t have a chance to recover quickly. Our home our workers Our hard work and Our America. NOT what Obama has been doing with regulations and mandates. In China NO regulations, I find this so amazing.

    Thanks Immelt and Obama for literally killing jobs in OUR America

  18. P Aaron #12 ” They have no idea how wealth is created.”
    Oh yes they do, and they want to strangle the creation of wealth until the means of production is owned by the state. (state socialism-a.k.a. Communism.)
    This is a deliberate takedown of the USA as a free country. The administration thinks it can pick up the pieces of the wreckage and create a socialist utopia.



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