President Obama Strikes Back At GOP Critics On Gas Prices
Posted 10 March 2012 - 07:18 PM
WASHINGTON (AP) — President Barack Obama is hitting back at Republican criticism of his energy policies and his role in controlling gasoline prices.
Obama used his weekly radio and Internet address Saturday to underscore his administration’s work to develop alternative energy sources and increase fuel efficiency.
“I’m going to keep doing everything I can to help you save money on gas, both right now and in the future,” Obama said. “I hope politicians from both sides of the aisle join me.”
He accused Republicans of a “bumper sticker” approach to solving the nation’s energy problems.
It’s a familiar theme —Obama stuck many of the same chords during two out-of-town trips this week and during a White House news conference on Wednesday.
“We can’t just drill our way to lower gas prices — not when we consume 20 percent of the world’s oil,” Obama said in the address, recorded during a visit Friday to a Virginia jet engine component plant.
Er, isn't that part of the reason why we're not drilling?
Posted 11 March 2012 - 01:47 PM
President Obama’s Rhetoric on Gas Prices Doesn’t Match His Actions
March 11, 2012 | Posted by Speaker Boehner's Press Office | Permalink
Gas prices are rising faster than ever on President Obama’s watch, and Speaker Boehner talked to Fox News about Republican efforts to expand energy production, create jobs, and stop Obama administration policies that are making gas prices worse. Watch Boehner here:
Posted 12 March 2012 - 12:46 AM
Stimulus: A History of Folly
Before he was sworn in as President, Barack Obama began to lay out his plans for reviving an American economy that, it would later be discovered, had declined 3.8 percent in the fourth quarter of 2008, its worst performance in 26 years. About the first part of his project, “stimulating” businesses to invest and consumers to consume through government spending and tax remittances, he was forthcoming and enthusiastic. About the second, stabilizing the financial system, he wished to reserve judgment.
He anointed the stimulus proposal with a convenient and vivid metaphor. “We’re going to have to jump start this economy with my economic recovery plan,” he said on January 3. According to the image, one can jolt a dormant economy into action just as one can hook up polarized cables to a car battery, clamp a defibrillator to the chest, or breathe into the ear of a reluctant lover. Suddenly, the object of our attention will be back in action, aroused.
Alas, the questions raised by a proposed stimulus—whether to apply it, what sort it should be, how much it should cost, and when it should begin and end—are far trickier to answer than problems involving dead batteries. And, remarkably enough, history and economic research offer no conclusive answers. The recession that began in 2008 could turn out to be the worst slowdown since the Great Depression of the 1930’s. For three-quarters of a century, economists have been studying it diligently. And even now they cannot come to a definitive conclusion about the cause of that depression, the reasons for its severity and duration, or what cured it. In an introduction to a book of essays on the Great Depression he compiled in 2000, Ben S. Bernanke, then a Princeton professor and now chairman of the Federal Reserve Board, wrote, “Finding an explanation for the worldwide economic collapse of the 1930’s remains a fascinating intellectual challenge.”
Today, of course, the challenge is more than intellectual.
ObamaCare by wxman1, on Flickr
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