Obamanomics: Price Of Gas +83%, Ground Beef +24%, Bacon +22%... , page 2

POTUS obuma has Lied and Lied and Lied,,,,, and many people here still believes him.
From an article March 2010

The president has reversed course several times on his offshore drilling policy. As a presidential candidate, Obama shifted his rhetoric several times on whether he would lift the oil and gas exploration suspensions in certain parts of the country

Read Carefully.

Soon after taking office, Obama reversed orders issued by the Bush administration in its final months that would have expanded offshore drilling. The Obama administration announced in January 2009 that it would withdraw oil and gas leases on 103,225 acres that were offered on 77 parcels of public land for drilling near national parks in Utah.

Interior Secretary Ken Salazar also scrapped leases for oil-shale development on federal land in Colorado and Wyoming, and rejected a Bush plan to open areas off the Atlantic and Pacific coasts to oil drilling.

Source: abcnews.go.com...

So,,, Now obuma is telling you what you want to hear, But, There's now work being done, No Jobs, No Drilling,
Obuma is still sticking to his 2008 plans of forces the American People To Buy Electric Cars.
He wants to keep fuel cost at $3.30 or more a gallon and keep The American People His Serfs To Work In His Fields and Suck On The Government Tit and Beg For Work,,,,, Not This American!

Originally posted by guohua
POTUS obuma has Lied and Lied and Lied,,,,, and many people here still believes him.
From an article March 2010

The president has reversed course several times on his offshore drilling policy. As a presidential candidate, Obama shifted his rhetoric several times on whether he would lift the oil and gas exploration suspensions in certain parts of the country

Read Carefully.

Soon after taking office, Obama reversed orders issued by the Bush administration in its final months that would have expanded offshore drilling. The Obama administration announced in January 2009 that it would withdraw oil and gas leases on 103,225 acres that were offered on 77 parcels of public land for drilling near national parks in Utah.

Interior Secretary Ken Salazar also scrapped leases for oil-shale development on federal land in Colorado and Wyoming, and rejected a Bush plan to open areas off the Atlantic and Pacific coasts to oil drilling.

Source: abcnews.go.com...

So,,, Now obuma is telling you what you want to hear, But, There's now work being done, No Jobs, No Drilling,
Obuma is still sticking to his 2008 plans of forces the American People To Buy Electric Cars.
He wants to keep fuel cost at $3.30 or more a gallon and keep The American People His Serfs To Work In His Fields and Suck On The Government Tit and Beg For Work,,,,, Not This American!

Why do you keep ignoring the information I share with you?

www.mtwytlc.org...

OVER TWO THIRDS OF OIL LEASES SIT UNUSED...

You sound like you just want to be angry, for the sake of being angry.

Your argument falls flat when you take into account that over 66% of potential
oil sources are not used.

How is that Obama's fault?

Originally posted by guohua


I Won't Allow Myself To Be Forced Into Buying Something Because They Feel I Need Too!!!

Sure you will.
(healthcare anyone?)

mandatory electric vehicles........

coming to a future near you.

The Obama administration is proposing new automobile regulations, including a doubling of fuel economy requirements, that will make cars more expensive and less safe while costing thousands of jobs, according to the National Automobile Dealers Association (NADA). Meeting in Washington, D.C., to lobby against the proposed regulations, NADA circulated a handout called “A Flawed Fuel Economy Structure Produces a Flawed Result” that describes the expected outcomes of those rules. A copy was provided to CNSNews.com, which also interviewed NADA’s director of legislative affairs and communications, Bailey Wood.

Obama’s Automobile Standards Could Drive Industry Over a Cliff

reply to post by guohua

---

I don't know if this fits into your Anti-Obama narrative well or not, but it is the truth all the same...

Inflation is low, but food and gas prices are high.

The reason is that the USA and Europe did a great deal of "Quantitative Easing"...or flooding the capital markets with money to invest in hopes that the money would be invested in businesses and hire folks, who would spend that money etc. and slow the economic downturn.

Unfortunately many of those banks around the world who got those funds decided to bet on the safest bets around, FOOD AND GAS FUTURES as opposed to businesses.

Thus driving up the prices on those goods with the most reliable demand in a down economy.

Add in the crazy weather and natural disasters, making crop outputs unpredictable to say the least and the Arab Spring which created uncertaintity in oil supplies....and you have a recipe for money flowing to food and oil futures.

Corn futures advanced 77 percent in the past 12 months in Chicago trading, a global benchmark, rice gained 39 percent and sugar jumped 64 percent. There will be shortages in corn, wheat, soybeans, coffee and cocoa this year or next, according to Utrecht, Netherlands-based Rabobank Groep. Prices also rose after droughts and floods from Australia to Canada ruined crops last year. European farmers are now contending with their driest growing season in more than three decades.

Well, a lot of people are blaming the Federal Reserve. All of the "quantitative easing" that the Fed has done has flooded the financial markets with money. All of that money had to go somewhere. Much of it has pumped up the prices of hard assets such as oil, gold and agricultural commodities.

But it is not just the Fed that is to blame. The truth is that central banks all over the world have been recklessly printing money.

But it is not just monetary policy that is affecting food prices. In 2010 and 2011 we have seen an unprecedented wave of natural disasters and crazy weather. This has caused problems with crops all over the globe.

theeconomiccollapseblog.com...

Also see here
www.cnbc.com...

The good news is that funds are starting to retreat from Food and Oil futures in favor of other investments again. Fingers crossed.

Funds Reduce Bets on Rising Food Costs to Lowest in 27 Months: Commodities
www.bloomberg.com...

I am sure you can spin this to still be an Anti-Obama thread, but it would be cool if we started by looking for the cause rather than simply leaping to the conclusion since he is the President, it is his doing.

Not defending Obama here, just the facts.

Originally posted by mastahunta

Originally posted by guohua
reply to post by mastahunta

---

I would really like to see your source for this statement:

gas went up 250% in the 8 years Bush

I Googled it and could not find any support.

zfacts.com...

$1.37 in 2000

to a peak of

$4.27 7/7/2008

That is over 3 TIMES inflationary model of a commodity

No wonder that over half his cabinet were also OIL cronies.

That entire shift in the floor price was Bush's policies, his policies normalized
the model, enjoy.

^ Quoted for truth.

I am not sure when it hit, but historical myopia runs rampant in these parts. Sodium fluoride maybe?

As for the inflation of '08, why is it we're hearing VERY little about the investigation of how a FEW men engineered it all for a tune of $50b for them alone? Why is that again? Anyone?

In case you missed it:

money.cnn.com...

Get the Wheel ready, it is time to use that again. Me first though... show me the roue, I got first "cracks"!

Derek

Originally posted by Viesczy

Originally posted by mastahunta

Originally posted by guohua
reply to post by mastahunta

---

I would really like to see your source for this statement:

gas went up 250% in the 8 years Bush

I Googled it and could not find any support.

zfacts.com...

$1.37 in 2000

to a peak of

$4.27 7/7/2008

That is over 3 TIMES inflationary model of a commodity

No wonder that over half his cabinet were also OIL cronies.

That entire shift in the floor price was Bush's policies, his policies normalized
the model, enjoy.

^ Quoted for truth.

I am not sure when it hit, but historical myopia runs rampant in these parts. Sodium fluoride maybe?

As for the inflation of '08, why is it we're hearing VERY little about the investigation of how a FEW men engineered it all for a tune of $50b for them alone? Why is that again? Anyone?

In case you missed it:

money.cnn.com...

Get the Wheel ready, it is time to use that again. Me first though... show me the roue, I got first "cracks"!

Derek

^Part False Quote

Federal regulators charged five oil speculators Tuesday with manipulating the price of crude and making a $50 million profit from the scheme.

Same Source - money.cnn.com...


Did it stay billion when you viewed it?

reply to post by eLPresidente

---

GAS PRICE UP 83% DURING OBAMA

Yes, Yes, Yes and Today's News Should Be Out There For All To See.
Yes, gas prices reached $4.00 and more a gallon under Bush in 08, no-one has denied that, Put, They also fell back to acceptable limits has he left office and the prices of gas rose under obama and continue to raise and stabilize at or over $3.00.

Now in the news gas is expected to go above $4.00 or $5.00 a gallon and the Reason Obama Gives For This Raise of Gas Prices,,, Are You Ready For This?

And when gas prices are on the rise again – because as the economy strengthens, global demand for oil increases – and if we start seeing significant increases in gas prices, losing that $40 could not come at a worse time,” Obama said.

The Economy Is Strengthening So The Global Demand For Oil Increases This Man Is An Idiot!
cnsnews.com...

This is Good, Nancy Pelosi 2007, Blaming Bush and The Republicans for High Gas Prices Then and What Has She Said Lately? www.youtube.com...

House Speaker Pelosi criticizes rising gas prices and announces committee hearings and other actions meant to show voters that Democrats aren't just standing there but doing SOMETHING about high gas prices.

Click here for more information.

Yes...gas prices were so great under Bush

The fact is that gas prices dropped sharply in the last quarter of 2008...due to the economic crisis and the sharp decrease in demand. So when Obama took office the gas price was low...not due to a good economy or Bush's great policies...but do to being in one of the worst recessions in recent history and demand being very very low.

Here...let's look at some graphs.

gasbuddy.com...

The 3 year graph...yes...looks like gas prices just have risen since Obama took office.


Oh...but what does it look like if we go back just 1 more yeat to look at the past 4 years


Wow...look at that dip...and no it isn't because Bush had great policies. It was because that is when the economy tanked and demand just dried up. Simple supply and demand...reduced demand and excess supply means low prices.

And if we look at the past 6 years



Yeah...don't try to pass off gas prices as being an Obama problem...it has been a problem for a lot longer than Obama.

Gas price wise...we are just about where we were in April of 2008.

Again, this is another case of Obama having to clean up Bush's mess...and he has done a damn good job of it. Which is why he has a really good chance of being re-elected.

Oh...and did I hear the OP say something about Obama and jobs???

thinkprogress.org...

I see these numbers all the time. Over and over again people compare the price of gas from the day Obama took Office to now.

First off, I am not defending Obama. I can't stand the guy and I think he is a horrible President and anyone with any real sense at all should have known what kind of joke he was if they had bothered to look into his voting record in the Senate.

That being said, a climb in food prices and the fact that your money is buying less and losing purchasing power has more to do with The Federal Reserve printing money. It is called inflation and you ain't seen nothing yet! It is going to get much much worse and the truth is it HAS to be that way and it WILL be that way as long as people fail to place the blame on the system instead of on Politicians.

The gas prices statistic has always been amusing to me. Am I the only person who remembers the HUGE spike in gas prices while Bush was in Office? Gas climbed to almost $5.00 per gallon and then began a steady decline. That is how we got to that $1.79 figure.... and I honestly believe that number is not accurate. I do not recall gas prices dropping under $2 per gallon, I may be wrong, but I do not recall it.

And we can all expect Gas prices to continue to climb. CNN came out today with a story about it. Here is one link to the story they are running, warning us all in advance that gas is going to be close to the $5 per gallon mark this Summer.
CNN- Who could face $5 gas prices?

McCafferty covered it as well on CNN on his OP/ED and I have not been able to find it online. It aired today though, I caught it just as I was getting ready for work and I was laughing to myself because everyone is calling me dumb for selling my car and buying a motorcycle.... and this is the reason why I did it. I knew prices would go back up and they will stay up this time. I'd bet on it.

reply to post by OutKast Searcher

---

Thanks for the charts. I knew I was not crazy and prices sky rocketed while Bush was in Office.

I remember this very well because of an issue I had with business. We had Corporate really on our backs due to lower profits. We had put together a presentation showing all the financials for the area. I remember gas prices being at the top of our list and that alone really hurt the service industry hard in my area of Upstate South Carolina. People were just not going out to spend money when they were worried about having enough gas to get to work each day.

We also had things like Milk, Eggs, and some very basic food products which had all increased dramatically in price from previous years. Meanwhile the average income for the area had not changed at all. So we basically proved to our Corporate Office how price of living had increased while income had not increased and in turn this was having an effect on our profits as well as the profits on ever business such as ours in the area.

By the time we were finished, Corporate shut up and gave us the freedom to adjust prices and do many other things that they had previously refused. It's hard to argue with facts.

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