The Obama administration’s monetary policies have added approximately 56.5 cents to the price of every gallon of gas you pump, according to a new congressional Joint Economic Committee report.
Estimates suggest that had the dollar maintained the value it had when Obama came into office, gasoline would cost approximately $3.40 per gallon instead of around $4 per gallon in many parts of the country.
The other 60 cents goes to turmoil, some limited speculation, and Obama's shut-down of US exploration and drilling. The Arabs can spell oligopoly, too.
By the way, it's interesting that the report came from the Joint Econ Committee--meaning that the (D) Senate allowed its release. Straws in the wind?
HT: Gateway
1 comment:
Even the demo"rats" can recognize the second coming of Jimmy Carter and will not willingly step in a bucket of, of, of err, "shaving cream"
Really, this video says it all:
http://www.youtube.com/watch?v=yA9Z8KEsNyo
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