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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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2024 clicks; posted to Politics » on 04 Jun 2012 at 1:45 PM (3 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-06-04 02:51:54 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.


Link
 
2012-06-04 02:54:32 PM  
Funny how, after I give citations, people tend to not come back to the thread.
 
2012-06-04 02:54:44 PM  

Garet Garrett: 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.



they aren't excluded because the have a relatively independent inflation rate.
quit pulling shiat out of your ass and making everyone else here dumber please.


the reason fuel and food are excluded from core cpi is because the fed has a mandate to keep inflation at a reasonable level. and as the feds only was to manage inflation is to stomp the breaks on the economy, they don't want to admit there is inflation as they would be required to attempt to slow the economy. this solves some problems, but also creates new ones, like when the fed essentially ignored the massive inflation that was evident to everyone in the late 1990s and especially in 2006-2007 when a rate hike to slow the housing bubble maybe could have averted the massive implosion we had later on because they ingredient it.


Link
 
2012-06-04 02:54:50 PM  

DROxINxTHExWIND: 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.


Um, there was something else a little more directly responsible that happened in 2008.

i49.tinypic.com
 
2012-06-04 02:55:36 PM  
 
2012-06-04 02:56:06 PM  

cameroncrazy1984: 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.


Don't misunderestimate how stupid Cletus can go. He never fails to pull out a new low.
 
2012-06-04 02:56:08 PM  
This headline 4 years ago:

It's funny how it's Bush's fault when gas prices rise, but he doesn't get credit when they fall. It's almost as if the liberal media is

Clearly this information of how Obama should get credit is currently being brought to us by some other form of...er....

POTUS plays a part in both swings, in both directions.
 
2012-06-04 02:56:25 PM  

LouDobbsAwaaaay: DROxINxTHExWIND: 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.

Um, there was something else a little more directly responsible that happened in 2008.

[i49.tinypic.com image 638x288]


The unsustainable price of fuel helped to create the crisis.
 
2012-06-04 02:56:52 PM  

keylock71: It was funny how the biatching and moaning from the usual assholes about Obama being responsible for high gas prices suddenly disappeared when the prices began to fall...

They either have no clue how global economies work or they're disingenuous partisans looking to dupe the ignorant amongst us.


You're going to have to help me out with this "either/or" aspect...

That said, it's a little disingenuous for this article to complain about relative levels of media coverage between (1) prices significantly deviating from historical norms (which is inherently newsworthy) and (2) prices regressing to the mean (which, almost by definition, isn't). That is, "things are moving back to normal" hardly ever makes the front page in any subject, whether it's related to the economy or foreign affairs or the weather or whatever. Abnormality is news.
 
2012-06-04 02:57:47 PM  

Chimperror2: Gasoline prices are spot market price and is fueled with commodity buyers that have to sell their inventory. Those that bet gasoline prices would rise in an expanding economy (i.e. the evil speculators) now have to sell it at the spot price (i.e. take a loss on the gas they bought months ago).

Gasoline spot and futures is dropping because a) Iran has talen a backseat and b) recessionary pressure always deflates prices (unless you are Jimmy carter). It's more worrisome that gasoline has not dropped as much as the rest of the economy and could possibly be an indication of stagflation.

The real driver is china. The will continue to keep wages low in the U.S. while their economy grows at a 10% clip. Until wages in China reach western wages, neither europe or the U.S. will see recovery. China is now seen as a stable country to do business.

Anyone paying attention to the U.S. sending warships to the asia-pacific region? An economic reason for doing this is to make China appear less stable than it is and increase the risk of fleeing capital.


I know you usually just come in and crap on everything, but are you really claiming we are seeing signs our country is now suffering stagflation when infation is just over 2%, it has not reached even 4% at any point in Obama's term (most of 2009 was actually deflation), and has actually been falling instead of rising for the last 6 months or so? I'm not even going to go into how GDP and employment has still been increasing even if it has been slower than anyone would like it to be. Do you know what the definition of stagflation is?

It is insane how many goldbugs and other anti-Obama commenters are convinced that Obama has completely debased the dollar despite all evidence to the contrary.
 
2012-06-04 02:58:14 PM  

s2s2s2: This headline 4 years ago:

It's funny how it's Bush's fault when gas prices rise, but he doesn't get credit when they fall. It's almost as if the liberal media is

Clearly this information of how Obama should get credit is currently being brought to us by some other form of...er....

POTUS plays a part in both swings, in both directions.


Maybe you should, I don't know, stop daydrinking before posting.
 
2012-06-04 02:58:16 PM  

DROxINxTHExWIND: The unsustainable price of fuel helped to create the crisis.


Which has nothing to do with your original premise that the oil companies rigged a decline in oil prices to stop a nation-wide discussion about alternative energy.
 
2012-06-04 02:59:12 PM  

Grungehamster: I know you usually just come in and crap on everything, but are you really claiming we are seeing signs our country is now suffering stagflation when infation is just over 2%, it has not reached even 4% at any point in Obama's term (most of 2009 was actually deflation), and has actually been falling instead of rising for the last 6 months or so? I'm not even going to go into how GDP and employment has still been increasing even if it has been slower than anyone would like it to be. Do you know what the definition of stagflation is?


But it FEELS like inflation! Therefore it must be true, just like everything else Republicans believe.
 
2012-06-04 03:00:42 PM  

cameroncrazy1984: Funny how, after I give citations, people tend to not come back to the thread.


Good reason to not fetch links anymore. There is no point.
 
2012-06-04 03:01:32 PM  

Headso: beta_plus: So private industry figured out a way to get around his blocking drilling and construction of pipelines.

graphs showing increase of drilling rigs and oil production showing you are a liar in 3...2....1....


Facts that contradict the narrative are irrelevant.
 
2012-06-04 03:02:05 PM  

HotWingConspiracy: cameroncrazy1984: Funny how, after I give citations, people tend to not come back to the thread.

Good reason to not fetch links anymore. There is no point.


Well, mostly I do it for other people who might be interested.
 
2012-06-04 03:03:30 PM  
basically since food an fuel are more volatile than say lightbulbs and almost anything else you can think of, and also represent such huge portions of the basket a big jump by either or both could require fed intervention to slow the economy.
and they don't want a mandate to slow the economy unless all costs are rising significantly.

iirc inflation including food and fuel is 8% for the past year.
if acknowledged, that would require fed intervention, an increase in interest rates. the fed doesn't want to have to pump the breaks on this crappy economy.
 
2012-06-04 03:03:33 PM  
Link

Look at that oil is going back up as the Euro gains some ground against the dollar. Almost like its related somehow and magical president powers aren't working anymore.
 
2012-06-04 03:04:08 PM  

cameroncrazy1984: It's speculation combined with the change to summer blends that caused the oil prices to rise.


Just like it was under Bush. Your citation that a closed door meeting with Big Oil just proves there was a meeting, and that meeting, paired with suspicion left people that were suspicious, still suspicious.
 
2012-06-04 03:07:01 PM  

I Mash Grains: [multiply.com image 300x203]


Nice cartoon, but the exact opposite was being claimed by the GOP during those times. Funny how the majority of people know there isn't much other than direct subsidies that a president can do to control the price at the pump, but we'll support the propaganda if we think it will get our side to win.
 
2012-06-04 03:07:02 PM  

s2s2s2: cameroncrazy1984: It's speculation combined with the change to summer blends that caused the oil prices to rise.

Just like it was under Bush. Your citation that a closed door meeting with Big Oil just proves there was a meeting, and that meeting, paired with suspicion left people that were suspicious, still suspicious.


You're right. Whatever decision they made had zero effect on oil prices. None.
 
2012-06-04 03:07:19 PM  

cameroncrazy1984: Maybe you should, I don't know, stop daydrinking before posting.


But they opened the Underground just for me.
 
2012-06-04 03:08:23 PM  

relcec: iirc inflation including food and fuel is 8% for the past year.
if acknowledged, that would require fed intervention, an increase in interest rates. the fed doesn't want to have to pump the breaks on this crappy economy


please cite me where it's A) 8% and B) more than previous years.
 
2012-06-04 03:08:28 PM  

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


So are they trolling or did they feed the troll? Neither is good.
 
2012-06-04 03:08:39 PM  

cameroncrazy1984: 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!



Feel free to correct.
 
2012-06-04 03:09:12 PM  

s2s2s2: cameroncrazy1984: Maybe you should, I don't know, stop daydrinking before posting.

But they opened the Underground just for me.


I really do wish you could still drink on public transport in London. I don't know how else you're supposed to stay buzzed between the flat and the bar.
 
2012-06-04 03:10:08 PM  

tgregory: cameroncrazy1984: 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!


Feel free to correct.


Nah, I don't care if you believe sh*t about Obama that isn't true.
 
2012-06-04 03:11:18 PM  

cameroncrazy1984: You're right. Whatever decision they made had zero effect on oil prices. None.


Didn't say that either. As a matter of fact, Mr Citation; what I said was:

cameroncrazy1984: s2s2s2: This headline 4 years ago:

It's funny how it's Bush's fault when gas prices rise, but he doesn't get credit when they fall. It's almost as if the liberal media is

Clearly this information of how Obama should get credit is currently being brought to us by some other form of...er....

POTUS plays a part in both swings, in both directions.

Maybe you should, I don't know, stop daydrinking before posting.


Quoted from your reply to me, when I said it: Priceless.
 
2012-06-04 03:11:29 PM  

I alone am best: Link

Look at that oil is going back up as the Euro gains some ground against the dollar. Almost like its related somehow and magical president powers aren't working anymore.


And your cronies are the only ones who assume that Obama has magic negro power to do bad things and no magic power to do good things.

You are basically saying he is Volde*bong?
 
2012-06-04 03:12:11 PM  
thanks alot gasbama :(
 
2012-06-04 03:13:03 PM  

cameroncrazy1984: I don't know how else you're supposed to stay buzzed between the flat and the bar.


Camelbak™ filled with your favorite brew?
 
2012-06-04 03:14:17 PM  

KellyX: 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...


If you actually find that amazing and are not merely trolling, you should read the news more often. In recent months Libya's oil production has returned to effectively 100% of pre-revolution levels; Iraq's oil production is at about 95% of it's 1990 peak, plus the Saudis and the rest of the major producers are running flat out. The US has been bringing on major natural gas supplies online. Brazil has made major new oil field discoveries, and Iran's boycott status has been fully stabilized for months.

Of course the price of oil is falling. World demand is down fractionally, and the only real variable is Syria, who is such a minor producer that the markets are ignoring it. In short, the price of oil has nothing to do with US politics or the upcoming election. It's basic economics.
 
2012-06-04 03:15:03 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?


So you're saying that Carter should have caved for the demands of an Islamist state like Reagan did?
 
2012-06-04 03:15:58 PM  
Hey Fartbongosoetoro, why don't you go down to Ben's Chili bowl, eat some beans, and fart us up some natural gas to offset spikes in gas which you obviously caused using your dark magic spell "Pertroli Ascendo!"
 
2012-06-04 03:16:02 PM  
prices went up a couple of bucks.

they came down a couple of nickels.
 
2012-06-04 03:17:34 PM  

s2s2s2: cameroncrazy1984: I don't know how else you're supposed to stay buzzed between the flat and the bar.

Camelbak™ filled with your favorite brew?


Note: do not do this with liquor. It will not turn out well.
 
2012-06-04 03:19:07 PM  

cameroncrazy1984: s2s2s2: cameroncrazy1984: I don't know how else you're supposed to stay buzzed between the flat and the bar.

Camelbak™ filled with your favorite brew?

Note: do not do this with liquor. It will not turn out well.


See? Look at us sharing drinking ideas!
 
2012-06-04 03:19:16 PM  

cameroncrazy1984: 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.


You have a source for that? Would be interesting to read about it. Even if you post it here, the fark independent trolls will find a way to bu bu bu bu bu but Cheney...
 
2012-06-04 03:20:11 PM  

hugram: cameroncrazy1984: 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.

You have a source for that? Would be interesting to read about it. Even if you post it here, the fark independent trolls will find a way to bu bu bu bu bu but Cheney...


Yes I did. It's elsewhere in the thread.
 
2012-06-04 03:20:40 PM  

cameroncrazy1984: Note: do not do this with liquor. It will not turn out well.


Oh it turns out fine if you're not a hoity-toit who won't drink liquor out of a plastic bottle.
 
2012-06-04 03:22:31 PM  

hillbillypharmacist: cameroncrazy1984: Note: do not do this with liquor. It will not turn out well.

Oh it turns out fine if you're not a hoity-toit who won't drink liquor out of a plastic bottle.


I have actually done the "drink part of a bottle of Pepsi and put some Jack" in it on the NYC subway before.
 
MFL
2012-06-04 03:23:09 PM  
MFL: Keynsian pump priming = weaker dollar = gas prices up

cameroncrazy1984
Uh, inflation hasn't been bad. Sorry.

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


Higher prices do not cause inflation.....Higher prices are inflation. The consumer price index convienently does not include food and gas which ironically are two of the best indicators of the dollars purchasing power. (This is what happens when politicians get involved)

The simple fact is the US dollar is down 8% since Obama took over and down 40% over the last decade. The only thing we have going for us is that Europe is more messed up that we are and the US dollar is still perceived as the world's saftey net. Now European companies are withdrawing money from local banks and investing in dollars which has caused a short term rapid rise of the Dollar which is generating commodity deflation. (aka price of oil goes down)

The economy sucks because the standard of living is falling. Not because the government hasn't primed the pump enough. You would think $1 trillion in spending stimulus and $2.5 trillion of Fed pump-priming would produce an economy a whole lot stronger than 1.9 percent GDP.
 
2012-06-04 03:24:16 PM  

FlashHarry: anyone who thinks the media are liberal is either a liar or a fool. the media hasn't been truly "liberal" since the days of walter cronkite.


Seriously?

they've been swinging from Obama's ballsack since his campaigning for 08

 
2012-06-04 03:24:58 PM  
Wellllllp, I guess this means Obama is a muslim marxist kenyan and Sarah Palin is to be instated as governess of 'murka for life.
 
2012-06-04 03:26:07 PM  
Mitt Romney said there is "no question" that President Obama is to blame for rising gas prices . When is Mitt planning on issuing a statement congratulating Obama on getting fuel prices under control?

It amazes me how often Mitt is wrong. The only time he is right on an issue is when he agrees with Obama.
 
2012-06-04 03:26:45 PM  

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

Don't feed the tats-for-tits beast, either. They're beautiful without the ink.


THIS! There is nothing you can put on the skin of a pretty woman that will make her prettier.
 
2012-06-04 03:27:24 PM  

cameroncrazy1984: I have actually done the "drink part of a bottle of Pepsi and put some Jack" in it on the NYC subway before.


Is it illegal to drink on the streets in NYC? Or is it more of a matter of how drunk you are?
 
2012-06-04 03:29:08 PM  

Muta: Mitt Romney said there is "no question" that President Obama is to blame for rising gas prices . When is Mitt planning on issuing a statement congratulating Obama on getting fuel prices under control?

It amazes me how often Mitt is wrong. The only time he is right on an issue is when he agrees with Obama.


I doubt Rmoney is even aware that normal Americans pay for their gas, i bet he's got a pump in one of his garages (or all of them) & still doesn't pump his own gas.

However, Romneybot requires combustible fuel to function!
 
2012-06-04 03:29:17 PM  

Garet Garrett: Mager: 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

You are so stupid it physically burns my eyes to read your nonsense.

Nice retort. Witty, pithy, and insightful. Does your teacher know you're using the internet?


Well, the internet message board universe isn't really an appropriate place to explain all the things that would need to be explained to somebody who thinks they way that you apparently think.
 
2012-06-04 03:29:30 PM  

MFL: The simple fact is the US dollar is down 8% since Obama took over and down 40% over the last decade


It's always but Bush with this guy...
 
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