Quote:
Originally Posted by RichieLion
I distinctly remember that when Obama assumed the Presidency gas prices were about $1.88 a gallon.
I'm sure you're giving Pres. Bush kudos for whatever action he took for gas to be at that level in time for Obama to assume office.
I know how impartial you are Jan, and you wouldn't begrudge Bush the credit for the falling gas prices.
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Be careful. What caused the collapse of oil prices was the reduction in demand because of the world-wide recession aggravated when the credit markets collapsed as the credit-swaps went toxic.
In other words, if you REALLY want to give Bush credit for that, you could say he lowered oil prices by nearly plunging the entire planet into a depression (thereby reducing demand for oil).