Idiot of the Week: Barack ‘Silver Bullet’ Obama
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|| President Obama claims "There is no silver bullet" to fix rising gas prices. ||
“Silver Bullet.”
In a Thursday speech at the University of Miami, President Obama lamented that “There is no silver bullet” to fix America’s rising gas prices.
President Obama, in a speech on energy development that comes as gas prices climb, tried to stress to Americans that he feels their pain at the pump — but pushed back on the notion that there’s a “silver bullet” for the problem.
As the Republican presidential candidates and others clamor for more domestic oil and gas drilling, Obama defended his record to date on domestic energy exploration.
And he empathized with Americans smarting over the impact of rising gas prices. “High gas prices are like a tax straight out of your paycheck,” Obama said.
But he said anyone who claims the U.S. can drill its way out of high gas prices “doesn’t know what they’re talking about or just isn’t telling you the truth.” He said the rise is a reminder of the need to develop new energy sources.
“There is no silver bullet. There never has been,” he said.
But the facts tell a different tale. In fact, it is the bullets that Obama’s failed economic policies have already fired that gas prices are nearing $4 a gallon, headed towards $5.
- A weak dollar
- Inflation
- Excessive government spending
- National debt crisis
- Quantitative easing (devaluing the dollar)
- Offshore drilling restrictions
- Onshore drilling restrictions
- Solyndra and other green energy boondoggles
- The Chevy Volt
- Natural gas restrictions/lawsuits
- etc., etc. etc….
That being said, Newt Gingrich does offer a “silver bullet” to solve America’s current gas crisis…
Get rid of Barack Obama.
For being the “silver bullet” to America’s gas crisis, President Barack Obama is…
The Red Dog Idiot of the Week.
Hopefully I can explain this so you will all understand what will continue to happen in the future… Gas prices will never go down again, no matter who is in the White House.. The reason being is more and more individuals ARE looking for alternative resources – something Republicans have been attempting to block for the last three years… By using less gasoline, big oil is losing profits, and in order to keep their profit margin high, those who insist on driving gas guzzlers will continue to pay more for the gasoline to offset the loss of profit from demand…
Those of us who are old enough to remember the leaded and unleaded vehicles, well this is the same type of scenario…Those who are to young to know what I am talking about, automobiles used to use just leaded gasoline.. Then in the ’70s unleaded and diesel started to come into being, but could only be used in vehicles made to accept these fuels… By the ’90s all leaded vehicles were put to pasture due to no more refining of leaded fuel… At that time the 90/10 mixture came into being – known as Ethanol… In the United States that was made by 10% corn and 90% crude oil… Today the mixture is known as E85 which is 15% corn and 85% crude oil…
So with the alternative fuels and more resources coming into being, gasoline prices will continue to rise as demand for the product in the United States will continue to decrease… Especially with electric vehicles becoming more financially and environmentally friendly…
Now if Republicans and big oil were really concerned, they would have taken those refineries that they closed down in December and invested money into upgrading, revamping and rebuilding those refineries instead of complaining about the loss of profits specifically from those refineries… Can you just imagine how many jobs that would create??.. But alas no, the Republicans and big oil want you to think that the EPA is the cause of the problem instead of the reality of profits, profits and more profits and the 3rd phase of the Keystone Pipeline is the ONLY way to get lower gas prices and jobs… Both of which are untrue… That oil will be processed and sold on the world market, and the jobs are temporary and already filled by the Koch Bros Pipeline company…
The fact that American drilled oil is currently being exported into the world market as we are discussing the rise of gas prices tells you that we have excess oil and not a lack of it…
For those who think President Obama should do something about the gas prices, well wouldn’t that be the government interferring with the free market??… Think about it…
So anyone who actually thinks that $2 gas will ever make a return, well keep dreaming…
You have absolutely no understanding of economics. Gas prices were $1.87 when President Obama took office 3 years ago. The basic rules of supply and demand dictate if you increase the supply, you decrease the price. Approve the Keystone pipeline, open up drilling in the gulf and on federal lands, the price of gas will go down.
But let’s not forget the Obama Administration’s monetary police. Gas and oil futures are bought and sold in US dollars. Obama’s failed economic policies and out of control spending have artificially devalued the US dollar, making oil cheaper for the rest of the world, but more expensive for the American people. Let the free market, not Bernanke and Geithner determine the value of the US dollar and gas prices here in America will decline.
Simply put, vote Barack Obama out of office and gas prices go down.