21 Feb

High Gas Prices Endanger Democrats

“It’s a metaphor for an economy that keeps biting people despite overall good numbers.”

– Sen. Chuck Schumer, D-N.Y., then chairman of the Democratic Senatorial Campaign Committee, talking to the New York Times in April 2006 about how Democrats could exploit voter anger over high gasoline prices, then surpassing an average of $2.50 per gallon.

Gas prices haven’t risen this quickly since the spring of 2005 – jumping 45 cents in the past 31 days.

The reasons now are as complicated as they were eight years ago. International unrest, limited refinery capacity, investors betting on economic recovery and OPEC antics are all still part of the formula for explaining why people are suddenly digging deeper to fill up.

The political consequences, too, may be very similar.

In 2005, voters were unhappy that the invasion of Iraq, called a war for oil by critics, had actually helped produce higher, not lower gas prices. Supply disruptions, Arab upset over the war and other consequences had helped drive up the price at the pump for American consumers.

President George W. Bush recognized the problem and made lower gas prices a major part of his 2006 State of the Union address, calling for increased domestic energy production to wean the nation from foreign oil (anyone remember “switchgrass”?)

Democrats were flaying Republicans for the high prices, saying that the two oilmen at the top of the federal government were helping their fat cat friends at Exxon at the expense of the little man.

More at Fox News

       

About DrJohn

DrJohn has been a health care professional for more than 30 years. In addition to clinical practice he has done extensive research and has published widely with over 70 original articles and abstracts in the peer-reviewed literature. DrJohn is well known in his field and has lectured on every continent except for Antarctica. He has been married to the same wonderful lady for over 30 years and has three kids- two sons, both of whom are attorneys and one daughter on her way into the field of education. DrJohn was brought up with the concept that one can do well if one is prepared to work hard but nothing in life is guaranteed. Except for liberals being foolish.

One Response to High Gas Prices Endanger Democrats

  1. Nan G says: 1

    Obama is already talking about doing what he did during his 1st 2 years in office: pushing through an agenda (with or without the Constitutional use of Congress) before the Midterm elections stop him.
    Recall that Obama buddy and ”tax me more, bro,” Warren Buffett has already bought up $5 billion in many railroads that would be used INSTEAD of a Keystone Pipeline.
    I expect Obama to put so many regulations and limitations on Keystone that it won’t happen during his term.
    IF we get oil from Canada it will profit Buffett.

    ReplyReply

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