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(Politicus USA)   It's funny how it's Obama's fault when gas prices rise, but he doesn't get credit when they fall. It's almost as if the liberal media isn't   (politicususa.com) divider line 411
    More: Obvious, gas prices, crude oil prices, liberal media, Speaker of the House, Boehner  
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2022 clicks; posted to Politics » on 04 Jun 2012 at 1:45 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-06-04 02:14:51 PM
The only way that the President can control the price of oil is if he can actually convince Congress to outlaw hedge fund speculation on the price of oil. (Like that will ever happen.)
 
2012-06-04 02:15:13 PM
Oil prices are dropping due to lack of demand. In other words, the economy is slowing. If you want to credit Obama, you would be correct. This is why the media is whistling in the graveyard about it.
 
2012-06-04 02:17:29 PM

skullkrusher: Did the media blame Obama for gas prices or did they just report that Republicans were blaming Obama for gas prices?


The media reports it as the other side to the story.
 
2012-06-04 02:18:15 PM

m1ke: It's an election year, of course gas prices are falling.


Yep, and just look at how much it helped the incumbent party in the last Presidential election.

Oh wait...
 
2012-06-04 02:18:23 PM
Um, gas prices are still about double what they were when O took office. What credit is due, exactly?

/Yes, I find it plausible that he has some responsibility for a 100% rise, but doesn't deserve the same amount of credit for a 10% fall
 
2012-06-04 02:19:27 PM
Said it before, saying it again...

I find it amazing timing that the Obama Administration says its going after oil speculators and prices go down...
 
2012-06-04 02:19:38 PM

EnviroDude: Oil prices are dropping due to lack of demand. In other words, the economy is slowing. If you want to credit Obama, you would be correct.


Exactly. Which means prior to that the economy was improving greatly. If you want to credit Obama, you would be correct.
 
2012-06-04 02:19:39 PM
Under Fartbongo, drilling in the US has been up.
 
2012-06-04 02:22:19 PM

WinoRhino: beta_plus: So private industry figured out a way to get around his blocking drilling and construction of pipelines. He most certainly does not deserve credit, except if his continued efforts to kill the world economy caused demand to decline as well.

For the first time in over 60 years, the USA exports more oil than they import.


Obama is giving our oil to other countries!

Why doesn't he want Americans to have oil?!?!?!
 
2012-06-04 02:22:41 PM

Diogenes: If the so-called liberal media crowed about it they'd be as wrong as the dipshiats who said prices were Obama's fault when they were higher.

Don't feed the tit-for-tat beast, subby. It obfuscates the real issues.


www.nypost.com

Is obfuscate even a real word?
 
2012-06-04 02:22:53 PM
 
2012-06-04 02:23:01 PM
Obama's chances of Reelection get better as gas prices go down.
 
2012-06-04 02:23:38 PM
Of course if we listened to Jimmy Carter 35 years ago our nation's economy wouldn't be the slave to the fluctuations of a market as unstable as oil.
 
2012-06-04 02:23:50 PM

rufus-t-firefly: Debeo Summa Credo: It's also funny how when oil prices spike we get two threads a day whining about the evil speculators but when prices drop nobody says a word.

Let me fix that for you:

HAHAHAHAHA! Speculators have to buy oil at their contracts' above market value!

But, I'm sorry if they don't have enough money left to buy a good meal...may I propose they eat bags of dicks?


Actually, with ever increasing demand from China and oil production getting more and more costly, prices should be higher. Evil short selling speculators have driven the price below what it would fetch in market based solely on supply and demand.

Join me in petitioning the CFTC to limit speculation to get prices up where they fairly belong.

/jk, of course. But the theory's no sillier than idiots blaming higher prices of three months ago on speculators
 
2012-06-04 02:24:22 PM

skullkrusher: Did the media blame Obama for gas prices or did they just report that Republicans were blaming Obama for gas prices?


If they report that without reporting the truth, isn't that the same thing?
 
2012-06-04 02:24:48 PM
Obama doesn't want credit for it. Oil prices are going down because of the financial crisis in Europe and the week job numbers from May.
 
2012-06-04 02:24:55 PM

FlashHarry: AcneVulgaris: The media is neither liberal or conservative. The media is corporate.

All rise for the corporate anthem....

so vote republican?

actually, that's bullshiat. so far, the "mainstream media" has been solidly pro-romney and anti-obama. we won't even talk about fox, of course .


B-b-b-but, FELLATIOBAMA!!!1!
 
2012-06-04 02:25:19 PM

EnviroDude: Oil prices are dropping due to lack of demand. In other words, the economy is slowing. If you want to credit Obama, you would be correct. This is why the media is whistling in the graveyard about it.


[citation needed]

Also, the phrase is "whistling past the graveyard"
 
2012-06-04 02:25:35 PM

Garet Garrett: Um, gas prices are still about double what they were when O took office. What credit is due, exactly?

/Yes, I find it plausible that he has some responsibility for a 100% rise, but doesn't deserve the same amount of credit for a 10% fall


Maybe Obama should drive the economy into the ground again so that we can have those delicious 2008 gas prices you yearn for.

Learning is difficult.
 
2012-06-04 02:26:44 PM
Obama is still keeping them high! If a republican was in office they would be paying us to drive! But not in a socialist assistance kind of way.
 
2012-06-04 02:27:36 PM

Headso: AcneVulgaris: The media is neither liberal or conservative. The media is corporate.

which ideology does a corporate cleptocracy most align with? Prob the one that wants to privatize all social services deregulate everything and cut taxes for the rich...


That would appear to be the case.
 
2012-06-04 02:27:41 PM
All I remember about the media saying about rising gas prices was the President does have much control over the price of gas and oil, which would be, in fact, true. If they're not talking about lower prices, well that's not bad news. They're not in the good news business.
 
MFL
2012-06-04 02:27:56 PM
Obama gets credit
Keynsian pump priming = weaker dollar = gas prices up

Obama doesn't get credit
European mess = stronger dollar = gas prices down

Unless Obama is somehow behind the European fiscal crisis, he had absolutely nothing to do with the current dip in oil prices.
 
2012-06-04 02:31:05 PM

MFL: Keynsian pump priming = weaker dollar = gas prices up


Uh, inflation hasn't been bad. Sorry.

It's speculation combined with the change to summer blends that caused the oil prices to rise.
 
2012-06-04 02:31:15 PM
The media only covered gas price increases under Bush 2 and Clinton as well, you never heard about it when they dropped in the '90s/'00s either. This isn't a political agenda thing, it's just inherent in the way US news media works.

If you want to hear about ever time a commodity's value changes, rent the Bloomberg channel. If you only want to hear about TERRIFYING NEW CHANGES in commodity prices that MAY KILL YOUR CHILDREN and will DRIVE MILLIONS INTO HOMELESSNESS then I guess you can stick with the general news programs, who will have MORE AT 11.
 
2012-06-04 02:31:21 PM
Obama did do something, and the prices fell, from April of 2012


"Obama asked Congress to help fund a six-fold expansion in the CFTC's oil futures market trading staff, along with "critical technology upgrades," all of which would cost about $52 million, taking the CFTC's budget up to $308 million by fiscal 2013.

Obama also called for harsher civil and criminal penalties for manipulation in key energy markets. Fines would be increased to $10 million, from $1 million currently, along with "a new toughened penalty structure for market manipulation in energy markets."

The CFTC would also grow its regulatory power under the new plan, allowing it to set margin requirements in oil futures markets. Currently, exchanges (like the CME Group) determine margin requirements, or how much collateral a trader must post to enter or maintain a position. Obama is proposing that the CFTC be given direct authority to set margin requirements."

I was told by the crying fat man on the radio, that market regulation leads to higher consumer prices.

I am outraged!
 
2012-06-04 02:32:55 PM

netizencain: Only the President you don't like has any real power.


It's funny how the "power" the president has changes when the party of the president changes.
 
2012-06-04 02:33:27 PM

oryx: All I remember about the media saying about rising gas prices was the President does have much control over the price of gas and oil, which would be, in fact, true.


Here's Steve Doocy from Fox & Friends literally reading an RNC memo word-for-word on the air blaming Obama for gas prices.
 
2012-06-04 02:33:32 PM
Obama's efforts to fix high gas prices have messed up the economy even more. Don't believe me?

Irrefutable proof, right here. Link
 
2012-06-04 02:33:37 PM
It's funny how it's Obama's fault a big conspiresy of the oil companies to oust Obama when gas prices rise, but he doesn't get credit It's not when they fall. It's almost as if the liberal media isn't
 
2012-06-04 02:33:48 PM
if he lowered gas prices back to 1995 levels he would get credit.
a decrease of 20 cents after a rise of $2.05 isn't going to win any president in history praise from the media.
it's still worse than when he was elected by a significant amount.
no one on earth can drop a pot of coffee on the break room floor at work and then get credit for simply throwing a couple pieces of shattered glass in the trash and the walking away.
you really should be arguing that the president has no effect on gas prices.
 
2012-06-04 02:34:01 PM

Debeo Summa Credo: It's also funny how when oil prices spike we get two threads a day whining about the evil speculators but when prices drop nobody says a word.


It's very much like how when I'm behind those two cars riding side by side at 5 mph below the speedlimit down a two lane highway... I get all upset and rage a little. But when there's only one car I just go around and it doesn't impact my day very much.

IOW. Congratulations on your epiphany about confirmation bias. Would you like a cookie, or was the personal discovery reward enough?

/Yes, I'm taking my shiatty afternoon out on internet strangers.
 
2012-06-04 02:37:18 PM
You mean like how it's Bush's fault gas prices were so high?

No president deserves the blame unless their policies have a direct hand in screwing it up. Right, Jimmy?

shariafreeusa.com
 
2012-06-04 02:37:45 PM

Cletus C.: Obama's efforts to fix high gas prices have messed up the economy even more. Don't believe me?

Irrefutable proof, right here. Link


Your "irrefutable proof" is a fact-free opinion article on Yahoo?

Wow. That's a new level of stupid.
 
2012-06-04 02:38:47 PM

cameroncrazy1984: MFL: Keynsian pump priming = weaker dollar = gas prices up

Uh, inflation hasn't been bad. Sorry.

It's speculation combined with the change to summer blends that caused the oil prices to rise.


You have to understand that certain commodities, and particularly oil, can have what amounts to an relatively independent inflation rate - that's why we typically exclude food and energy costs from the routine inflation statistics. A weak dollar has to buy oil on an international market where the value of the oil, itself, is pegged, effectively, to global supply and demand regardless of the cost of, say, coffee makers in the U.S. So you can have significant upticks in oil costs that are inherently tied to the value of your currency without overall equivalent trends in inflation.

You'll need some proof on that "speculation" comment. Unless you're just blaming current prices on futures traders, in which case I guess they're always responsible for oil prices, whether they're at $20 or $200 / bbl.
 
2012-06-04 02:38:48 PM

Jodeo: You mean like how it's Bush's fault gas prices were so high?

No president deserves the blame unless their policies have a direct hand in screwing it up. Right, Jimmy?

[shariafreeusa.com image 553x369]


Cheney had a meeting on energy policy that was closed-door and nobody knows what was said. You know who was there? The heads of all the major US oil companies.

Gee, I wonder why people thing Bush had a hand in oil price increases.
 
2012-06-04 02:40:09 PM

Garet Garrett: You'll need some proof on that "speculation" comment. Unless you're just blaming current prices on futures traders, in which case I guess they're always responsible for oil prices, whether they're at $20 or $200 / bbl.


Here you go.
 
2012-06-04 02:41:56 PM
I call bullshiat.

Gas prices never fall.

/remembers 50-60 cents a litre when I first started driving
 
2012-06-04 02:45:08 PM

relcec: it's still worse than when he was elected by a significant amount.


Republicans weep for the 2008 recession like they weep for the death of Bin Laden.
 
2012-06-04 02:45:18 PM

ferretman: Gas prices have dropped a little due to the current European finical crisis. The American dollar is getting stronger against the Euro. Unless Obama helped cause the current European crisis, he had nothing to do with the very slight drop in prices.


The point of the article was how little effect Obama really has on oil prices. But the media is willing to blame him for price rises, and remains silent when the price drops.
 
2012-06-04 02:45:23 PM

kingoomieiii: ferretman: Unless Obama helped cause the current European crisis,

NewsBusters link asserting this in 5... 4...


Well, we do claim to be the "shining" example to the rest of the world, and our financial crisis did come first...
 
2012-06-04 02:45:25 PM

cameroncrazy1984: Jodeo: You mean like how it's Bush's fault gas prices were so high?

No president deserves the blame unless their policies have a direct hand in screwing it up. Right, Jimmy?

[shariafreeusa.com image 553x369]

Cheney had a meeting on energy policy that was closed-door and nobody knows what was said. You know who was there? The heads of all the major US oil companies.

Gee, I wonder why people thing Bush had a hand in oil price increases.


3.bp.blogspot.com

Yeah, Dick Cheney had a super secret meeting with all the major oil companies. Yeah right.
 
2012-06-04 02:47:43 PM

BeesNuts: Debeo Summa Credo: It's also funny how when oil prices spike we get two threads a day whining about the evil speculators but when prices drop nobody says a word.

It's very much like how when I'm behind those two cars riding side by side at 5 mph below the speedlimit down a two lane highway... I get all upset and rage a little. But when there's only one car I just go around and it doesn't impact my day very much.

IOW. Congratulations on your epiphany about confirmation bias. Would you like a cookie, or was the personal discovery reward enough?

/Yes, I'm taking my shiatty afternoon out on internet strangers.


Is that really confirmation bias? Or is it that the grass is always greener on the other side? When prices are up, people blame speculators because heaven forfend that supply and demand in an improving economy would result in higher prices for an industrial commodity. But when prices decline it's due of course to good Presidenting.

Maybe that is confirmation bias after all. Regardless, yes I would like a cookie.
 
2012-06-04 02:47:46 PM
Or when Bush gets heckled for the Patriot Act, wars overseas, and for trampling on our freedoms.

But when Obama continues the Patriot Act 3 times, continues the same wars, doesn't close Gitmo, authorizes the "drone wars", and authorizes that American citizens can be detained without trial indefinitely... *crickets*

People knew the liberals would be hypocrites about it, but it's funny to actually see it happen and hear them get upset when you call them out on it.
 
2012-06-04 02:48:04 PM
It's almost like he doesn't control gas prices at all. Maybe investigative journalism...isn't.
 
2012-06-04 02:48:24 PM

Phoenix_M: cameroncrazy1984: Jodeo: You mean like how it's Bush's fault gas prices were so high?

No president deserves the blame unless their policies have a direct hand in screwing it up. Right, Jimmy?

[shariafreeusa.com image 553x369]

Cheney had a meeting on energy policy that was closed-door and nobody knows what was said. You know who was there? The heads of all the major US oil companies.

Gee, I wonder why people thing Bush had a hand in oil price increases.

[3.bp.blogspot.com image 399x397]

Yeah, Dick Cheney had a super secret meeting with all the major oil companies. Yeah right.


AAccording to the GAO, these members held ten meetings over the course of three and a half months with petroleum, coal, nuclear, natural gas, and electricity industry representatives and lobbyists. None of the meetings were open to the public and no non-federal participants were involved

I'm sorry, you were saying? Or is the GAO a conspiracy theorist?
 
2012-06-04 02:48:51 PM

Phoenix_M: Yeah, Dick Cheney had a super secret meeting with all the major oil companies. Yeah right.


Uh, the meeting wasn't a secret. They just didn't tell anyone what was decided at the meeting.
 
2012-06-04 02:49:28 PM

tgregory: But when Obama continues the Patriot Act 3 times, continues the same wars, doesn't close Gitmo, authorizes the "drone wars", and authorizes that American citizens can be detained without trial indefinitely... *crickets*


Hooray, a mixture of half-truths and lies means Obama Bad!
 
2012-06-04 02:50:11 PM

tgregory: People knew the liberals would be hypocrites about it,


"People say that it's been said that..."
 
2012-06-04 02:51:26 PM

Speaker2Animals: cman: Oh, FFS

Everyone on fark knows that I am not an Obama fan. But, at least I try to make my complaints about things that are under his control. This is not one of them. Time and time again, it must be said, that if the engine of the economy is the consumer, then the president is a bolt holding the drivers side door on the frame.

When the gas prices rise or fall, it is a combination of a.million things. Obama is not a dictator; he does not control as much as people perceive him to control.

Well, they rose a few months ago when he rejected that oil pipeline. Since they're falling now, that must mean he has changed his mind and approved it, right?



No, actually he announced that his administration was going to start going after speculators. Magically, the price began to go down. The oli company will pull the old, "nothing to see here" thing that they pulled in 2008 when everyone was up in arms talking about alternative energy. Suddenly, prices dropped dramatically and gas was no longer an election issue.
 
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