Interesting WSJ article on gas prices and Obama

[Surely]

https://online.wsj.com/article/SB10001424052970203918304577241623995642182.html?mod=opinion_newsreel

"Fed officials and Mr. Obama want to take credit for easy money if stock-market and housing prices rise, but then deny any responsibility if commodity prices rise too, causing food and energy prices to soar for consumers. They can't have it both ways, as not-so-stupid Americans intuitively understand when they buy groceries or gas. This is the double-edged sword of an economic recovery "built to last" on easy money rather than on sound fiscal and regulatory policies."

Didn't Obama come out and say that he wanted higher energy prices or something like that? Well, wish granted.

 

[moevillini]

I love the WSJ as a news source but I don't really trust anything that comes off its editorial pages

 

[Stoked]

https://online.wsj.com/article/SB10001424052970203918304577241623995642182.html?mod=opinion_newsreel

"Fed officials and Mr. Obama want to take credit for easy money if stock-market and housing prices rise, but then deny any responsibility if commodity prices rise too, causing food and energy prices to soar for consumers. They can't have it both ways, as not-so-stupid Americans intuitively understand when they buy groceries or gas. This is the double-edged sword of an economic recovery "built to last" on easy money rather than on sound fiscal and regulatory policies."

Didn't Obama come out and say that he wanted higher energy prices or something like that? Well, wish granted.

He did but I am not going to bother looking for the link.

On a somewhat related note Pres. Obama talked about how he can tell you what the rights 3 step solution to 2.50 gas prices will be. 1. Drill 2. Drill and 3. Keep Drilling

About an hour later that day Gringrich came out promising 2.50 gas by drilling lol.

 

[sktwstdfrk]

not-so stupid americans are unfortunately quickly becoming the minority in america.
otherwise, why do I keep seeing jersey shore as the top watched cable television program week after week?

its probably a good thing that obama didn't keep too many of his radical campaign promises, but raising energy prices is something he certainly has no qualms about doing.

But hes certainly not going to slow down on shoving the green concept down our throats. With only 8,000 green jobs created, he still has a long way to go to reach the 5,000,000 jobs he said green energy would create.

 

[Stoked]

I love the WSJ as a news source but I don't really trust anything that comes off its editorial pages

I do not trust any one source. They all take a truth and spin it to their viewpoint. I try to read about the same story on 2-4 different sites before I decide what I think really happened. Usually somehwere in the middle.

 

[sktwstdfrk]

I do not trust any one source. They all take a truth and spin it to their viewpoint. I try to read about the same story on 2-4 different sites before I decide what I think really happened. Usually somehwere in the middle.

Kudos to you for reading SOMETHING. At least you are staying informed, something that 90% of this country isn't doing. And something that the Obama steamroller will use to their advantage this year. An uninformed citizen is an easily manipulated one.

 

[Stoked]

Kudos to you for reading SOMETHING. At least you are staying informed, something that 90% of this country isn't doing. And something that the Obama steamroller will use to their advantage this year. An uninformed citizen is an easily manipulated one.

That is a damn truth right there.

 

[franklin]

https://online.wsj.com/article/SB10001424052970203918304577241623995642182.html?mod=opinion_newsreel

"Fed officials and Mr. Obama want to take credit for easy money if stock-market and housing prices rise, but then deny any responsibility if commodity prices rise too, causing food and energy prices to soar for consumers. They can't have it both ways, as not-so-stupid Americans intuitively understand when they buy groceries or gas. This is the double-edged sword of an economic recovery "built to last" on easy money rather than on sound fiscal and regulatory policies."

Didn't Obama come out and say that he wanted higher energy prices or something like that? Well, wish granted.

The liberal economic plan is as simple as this:

Step 1. Cause problem.
Step 2. Fix problem by causing more problems.
Rinse and repeat until the entire system falls apart.

In practice now:
Step 1. Artificially stimulate demand for business products so businesses will hire by handing out endless welfare checks and increasing
social security payouts.
Step 1a. This pushes business margins higher.
Step 1b. Higher business margins squeeze the middle class while enriching the business class.
Step 2. Fix by cutting taxes on middle class and hand out endless welfare checks.
Step 2a. This pushes business margins higher.
Step 2b. Higher business margins squeeze the middle class while enriching the business class.

Genius plan isn't it.

 

[Stoked]

The liberal economic plan is as simple as this:

Step 1. Cause problem.
Step 2. Fix problem by causing more problems.
Rinse and repeat until the entire system falls apart.

In practice now:
Step 1. Artificially stimulate demand for business products so businesses will hire by handing out endless welfare checks and increasing
social security payouts.
Step 1a. This pushes business margins higher.
Step 1b. Higher business margins squeeze the middle class while enriching the business class.
Step 2. Fix by cutting taxes on middle class and hand out endless welfare checks.
Step 2a. This pushes business margins higher.
Step 2b. Higher business margins squeeze the middle class while enriching the business class.

Genius plan isn't it.

You got that part very right. A downturn in the economy leads to more disability and retirement claims with Social Security.

 

[sktwstdfrk]

mmm, dependence...the thought of all that gov't cheese just makes my mouth water.

 

[Stoked]

mmm, dependence...the thought of all that gov't cheese just makes my mouth water.

Do you really count it as government cheese if they took the money from you in the first place?

 

[Surely]

Well, I guess we can just all buy electric cars and use solar panels from Solyndra to charge them. Oh, ummm, never mind.

 

[Duck Rodgers]

My problem is I just can't grasp pump price/barrel price dislocation. It makes about as much sense to me as the pricing on airfare. There has be a better way to standardize that.

 

[Hantlers]

Man I just can't wait until Thriller unloads one of his lengthy dialogues on the evilness of the conservative party in this thread. Woohoo!

 

[Stoked]

Man I just can't wait until Thriller unloads one of his lengthy dialogues on the evilness of the conservative party in this thread. Woohoo!

Well don't you kniow that in America today anyone who disagrees with your opinion is evil, rascist, socialist, nazi, communist or someother such nonesense?

 

[franklin]

Do you really count it as government cheese if they took the money from you in the first place?

No. I also demand my weekly bag of apples and soup from the kitchen because "they took the money from [me] in the first place".

My problem is I just can't grasp pump price/barrel price dislocation. It makes about as much sense to me as the pricing on airfare. There has be a better way to standardize that.

What dislocation? Oil is selling for $2.57/gallon. Adding on $0.75 for shipping, refining, gas station profits, and taxes tells me prices are "too low".
A lot of the gas we use in Utah comes from the area and sells for much lower than Cushing prices.

 

[Stoked]

No. I also demand my weekly bag of apples and soup from the kitchen because "they took the money from [me] in the first place".




What dislocation? Oil is selling for $2.57/gallon. Adding on $0.75 for shipping, refining, gas station profits, and taxes tells me prices are "too low".
A lot of the gas we use in Utah comes from the area and sells for much lower than Cushing prices.

I didnt mean anything by it. I was just curious on his opinion on that.

Me personally I plan (and am actively working on) never being in position where I ever need to take that money.

 

[TroutBum]

I personally can't wait until gas is over 6 or 7 bucks a gallon. Then, and only then, will things change. We're drug addicts, and our drug is oil. If our drug of choice becomes too expensive, or is limited in its supply, then we find something else. It's natural, it happens. As a nation and as a worldwide community, we simply must go forward with alternate energy solutions, and high gas prices is a great way to kick it in the *** and get things going.

I love getting 45mpg in my prius, by the way.

 

[Stoked]

I personally can't wait until gas is over 6 or 7 bucks a gallon. Then, and only then, will things change. We're drug addicts, and our drug is oil. If our drug of choice becomes too expensive, or is limited in its supply, then we find something else. It's natural, it happens. As a nation and as a worldwide community, we simply must go forward with alternate energy solutions, and high gas prices is a great way to kick it in the *** and get things going.

I love getting 45mpg in my prius, by the way.

Maks me wonder if a more European way of travel will take hold. more busses, trains, taxis...

 

[TroutBum]

Maks me wonder if a more European way of travel will take hold. more busses, trains, taxis...

I doubt it, at least here in Utah. UTA is already a big time loser and imo, is going to have a hell of a time staying afloat without some sort of government interference. Taxi's don't do anything to help this situation, since you know, they use the same gas.