Originally Posted by Villages Kahuna

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.