There is an opinion piece in today's
New York Times that seemed apropos to this thread. It's entitled, "Why Gas Prices Are Out Of Any President's Control".
Oh I know the immediate response from the right--the NYT is a pinko, leftist, Obama supporting rag. OK, let's accept that. But read the article and then either present an article with an opposing view or present one yourself. That might be a way we can all learn about the opposing views on the question.
A couple of key points made in the article were...
- When the U.S. consumes 20% of the world's oil production but produces only 2%, it is a "price taker" (an economic term saying that price takers have little control over the price of purchased goods).
- And if the POTUS is criticized for the price of gas at the pump, it seems appropriate that the effect of his administration's policies creating a strengthening economy and a skyrocketing stock market are also appropriate.
Here's the link to the Times article. I hope it's not subscription only.
http://www.nytimes.com/2012/04/01/bu...l?ref=business
By the way, I still agree with Bucco's original thesis that Obama's recent actions against Iran are good ones. But I still won't be voting for him in November.