Quote:
Originally Posted by scho63
What really pisses me off is that the average gas price has been $1.75 - $2.00 MORE per gallon over the last 5 years since Obama took office and nobody seems to care.
That equates to roughly $1.1 TRILLLION dollars EXTRA that Americans have spent on gas since 2008 and is is any wonder why the economy has so many obstacles. It is a direct hit to consumers.
Add on top of that all the companies and businesses that have raised prices like food, trucking, and airlines and it's no wonder we can't get out of our own way these days.
The biggest problem is that the Federal Reserve has DESTROYED the US Dollar and oil is traded in dollars, so oil is artificially high by at least 35-40%.
Oil should be around $60 a barrel and gasoline should be no more than $1.50 a gallon. Factor in all the stupid gas blends that states and the EPA mandate and this whole thing is a giant Ponzi scheme sucking money out of Americans.
The government loves it because all the god damn taxes they get.
We have enough oil and natural gas in this country to tell everyone to go "F" themselves.
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I've been arguing about the core of your argument for years. It is no Obama's fault but moreso the fault of The Fed and their super low interest rates which in turn keep the value of the $ low which in turn causes $-denominated commodities, like oil, to go up in price.