The President’s Press Secretary, Jay Carney, said that any politician who says they can get the price down as low as $2.50 a gallon for gas is lying.”
Carney says, “This President is absolutely committed to doing everything we can to mitigate the affect of higher gas prices on American families and to lower gas prices. What he is not willing to do is to look the American people in the eye and claim there is a strategy by which he can guarantee the price of gas will be $2.00 at the pump. Any politician who does that is lying.”
Of course that comment was directed right at Newt Gingrich because he is the only one saying that, if he is President, the price of gas will go down to $2.50. So who is lying? Well, that is the exact question Bill Hemmer of the Fox News Channel asked his guest, today.
Gingrich was happy to respond to that remark by saying, “Since I am the only person talking about $2.50 the attack is probably on me. Let me respond to the President and his Press Secretary. “First of all Mr. President, I would be happy to debate you anywhere in the country any time on energy.”
Steve Forbes said, “I don’t know if the President is trying to pump up Newt Gingrich or what, but I think that if there is an energy debate, it becomes very clear that this administration has been a serious obstacle to energy production. On Federal lands, permits take longer than ever before. Lands that should be explored are not. And fracking, there has been barriers–trying to put barriers in the way of fracking. So it would be a very healthy debate.
“Another thing that gets overlooked is that the Federal Reserves Easy Dollar Policy (cheapening the dollar) raises commodity prices, particularly oil. We should have learned that from the 1970’s. And then, of course, we have the uncertainty of the Middle East. But on terms of the dollar, and on terms of more energy production, those things are in the hands of this president and he refuses to do it.”
Bill Hemmer asked Forbes, “With the things going on in the Middle East, with the blending they do this time of year that they have to do by law, do you have a breakdown of how much in these categories do you lay at the feet of the President?”
Forbes replied: “I would say about 75% at the hand of the President. Yeah, if you had sensible regulations, sensible rules on production, a stable dollar, you would see gas at probably $2 or $2 and a half dollars a gallon.”
When asked what he thinks this will do to the economy, Forbes said “Well what it does is hurt the pocket book but more, it’s psychology that this recovery, even though we’re going to do far better this year than last year, it’s still a very fragile thing. And the uncertainty of the Middle East is an added element to this so people are holding back. Well, I like to say we’re going 40 miles an hour on the highway when we should be going 70 miles an hour.”
The CBS poll that came out late yesterday shows the President has dropped 9 points in satisfaction with the job he is doing. Obama says it’s just politics and no one believes it anyway. The point that gas can go down to as low as $2.50 is just a lie. But when he took office the national average for gas was just $1.84…that was January of 2009.
“Forbes noted that again, you can’t control some things like the situation in the Middle East, but you can control the dollar, you can control the rules on production in this country, I mean there is no reason why, in a few years, we can’t do something like in 1950s and early 1960s and that is be a net energy exporter.”
“In natural gas, we got to get the infrastructure up on that but it’s plentiful, there’s more of it, and we’re going to be producing more oil as well. It’s here, it’s in Canada.”
When asked about Keystone, Forbes said “The Keystone deal just undermines the President saying he is doing everything he can to increase production in this country. He takes credit for what the Bush administration did…most of the production is coming from outside the control of the Federal Government. When the Federal Government has control, like offshore, lots of land in Alaska and out west, the government’s been dragging it’s feet–and that is well documented. And so again, Keystone Pipeline underscores this President’s rhetoric doesn’t match the reality of his policies.”
Hemmer said the “White House defends itself saying in the U.S. drilling rig, the count is as high as it’s been since 2009 if not higher than that. So this is going to be with us for some time now.”
The following are some interesting numbers to consider in this discussion:
- Gas prices have increased by 107% during the Obama Administration.
- Average price for a gallon of regular gas is up 30 cents in the past month.
- Average gas prices are now more than $4 a gallon in AK, CA, DC, HI, and IL.
- Average gas prices did not reach current level of $3.80 until mid-April
- The national average was $1.84 per gallon
Knowing that the President favors green energy, doesn’t it cause one to question if he really wants the price of gas to go sky high to wean people off from coal and oil?
Check into the following articles on the Federal Reserves and oil prices:
May 25, 2011 – Hearing on “How Federal Reserve Policies Add To Hard Times At The… However, it is easy to show that its impact on the value of the dollar …
Economic Times – 10 hours agoThe dollar held steady at 82.24 yen, not far from a high of 82.65 yen touched on … The US Federal Reserve’s policy statement on Tuesday will be closely …
Yahoo! Finance (blog) – 23 minutes ago
Nov 10, 2010 – Will the Federal Reserve’s Easy-Money Policy Turn the United States into a … when he claimed the United States had a strong-dollar policy.
Apr 27, 2011 – Federal Reserve Press Conference: Ben Bernanke Lies About StrongDollar Policy. Federal Reserve Chairman Ben Bernanke appeared at the …
Apr 25, 2011 – Downward pressure on the dollar has been one objective of the Federal Reserve’s easy-credit policy, as it holds short-term interest rates near …
A Federal Reserve Note is a type of banknote used in the United States of America. …The bank must pay for the notes in full, dollar for dollar, by debiting (drawing …. Such critics argue that Federal Reserve Notes can lose value easily and ….. Beige Book ·Federal Reserve Statistical Release · Monetary Policy Report to the …
3. The sale of government bonds by the Federal Reserve Banks to commercial banks will: … An easy money policy in the United States is most likely to: A. decrease the foreign demand for dollars and appreciate the international value of the …
Are you confused by all the talk about monetary policy, fiat money and … As you might have guessed by now, the source is the Federal Reserve, and its … Nowadays mostdollars are just blips on a computer screen and it’s extremely easy for …