Sunday, March 13, 2011

Obama & Gasoline Price Gauging

Socialist President Obama has ordered Attorney General Eric Holder to look into gasoline price gauging as the price of gas continues to rise across the country. Once again, Obama continues to demonstrate his lack of experience and knowledge about Economics 101. The price of gas is going up for three very simple reasons including instability in the Middle East, the Federal Reserve is printing money, which is destroying the value of the dollar and finally both the US and China import more than 50% of the oil needed to fuel their economies.

Oil is now selling at more than $100 a barrel. Since oil is priced in dollars, as the global reserve currency, as the value of the dollar goes down, oil producers demand more per barrel to simply earn the same money they were earning when the dollar was stronger. While I don't particularly like defending oil producing nations because they use collusion to control prices, they are not earning any more money in real terms for each barrel of oil they sell. If Obama had taken and passed Economics 101, the President might understand how inflation, which is rising, impacts the price of all goods and services. And while China is doing the right things to become energy independent in the next several years, the United States, which is resource rich, continues to be dependent on foreign oil because environmental wackos in the US, with the support of Socialists in government, file lawsuits to stop the development of US based energy sources.

In fact, several hundred projects in the US, that would create millions of jobs, are stalled related to nuclear, natural gas, clean coal, oil shale and both off shore and on shore drilling for oil. It should be no surprise since Obama has publicly stated that his plan is to have the price of all carbon based energy sources rise dramatically. Apparently, the President does not care about the millions of jobs that would be lost if energy prices rise dramatically and the inherent lower standard of living that would result in the US if his environmental wacko schemes were allowed to go forward.

Look, no one is arguing for polluting the environment. But the fact is that the environmental wackos are against all energy sources. Many of these tree huggers now even oppose wind mills because birds might be killed by the blades and solar panels because desert habitat could be impacted. If the environmental wackos are allowed to get their way, we would all be walking, riding bicycles and shivering in the dark in our homes. There would be no manufacturing in the United States and millions of people would be out of work. We can't let any of this happen because it would mean the end of the US as a super power. Of course, the left wing in the United States would like nothing better.

We have got to take back our country by pushing these environmental wackos out of the way and by sweeping their Socialist Supporters, including President Obama, out of office in 2012 and 2014. We have to elect common sense Conservatives who took and got an A in Economics 101. We must elect Conservatives that support free market capitalism, limited government, lower taxes and less regulation, a balanced budget, term limits, real energy, education and health care reform, a strong national defense, including securing our border and fighting Terrorism, the right to bear arms, the sanctity of life and family values that are the foundation of our nation. This is the platform supported by the majority of the American people and the only way to restore economic growth and jobs in our country.

We must take back our country in 2012 and 2014 by electing Conservatives who will adhere to the Constitution, as written by our Founding Fathers, not as contrived by the left wing media, public employee unions, Socialists in the last 98 years, our current of former President, Congresses, or the Courts. We must take back our country by electing Conservatives who understand Economics 101. We can do it. We must do it to preserve our freedom, our nation and way of life for the sake of our children and grandchildren.

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