WyBlog, the best thing about New Jersey since the invention of the 24 hour diner.
The nine most terrifying words in the English language are "I'm from the government and I'm here to help." - Ronald Reagan
CH 2.0 Info Center
The Jersey Report
Labor Union Report
Net Right Nation
The Patriot Post Newsletter
Victor Davis Hanson
J! E! T! S! Jets! Jets! Jets!
NJ.com Caldwell Forum
The Caldwells Patch
The Jersey Tomato Press
Technorati is indexing me again! They had to make a code change to fix the problem with my blog getting stuck in their queue. Kudos to Eric M. and the guys at GetSatisfaction.com where they have "community powered support for Technorati".
Well, they're "sorta, kinda" indexing me anyway. It's on a 24 hour tape delay or something. So I never get picked up by Memeorandum because they pull from Technorati and Technorati has stuff I posted yesterday listed as my latest blog entry. And that's old news to Memeorandum.
"This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. It is being made available in an effort to advance the understanding of environmental, political, human rights, economic, democracy, scientific, social issues, etc. It is believed that this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit for research and educational purposes."
Aren't you glad we have a president who doesn't understand basic economics? Me too! Because then he can walk into a debate and get away with saying stupid shit like this:
Well, think about what the governor — think about what the governor just said. He said when I took office, the price of gasoline was $1.80, $1.86. Why is that? Because the economy was on the verge of collapse, because we were about to go through the worst recession since the Great Depression, as a consequence of some of the same policies that Governor Romney's now promoting. So, it's conceivable that Governor Romney could bring down gas prices because with his policies, we might be back in that same mess.
There is so much sand-pounding stupidity in that statement, I don't know where to start. Fortunately Elizabeth Price Foley guest-blogging at Instapundit schools The Smartest Guy In The Room using words even an Obamabot can understand.
Gas prices, like anything else, are a function of supply and demand. A recession or depression reduces demand. If supply stays constant, gas prices will fall. But if the supply side of the equation is also negatively affected/reduced — as, for example, the reduction of leases and drilling on federal land, as pointed out by Romney — gas prices should rise (as they have). The bottom line? Gas prices should have — probably would have — fallen in our current recession, due to decreased demand. But since the Obama Administration's anti-carbon, anti-fossil fuel policies have taken hold, the negative impact on supply has outpaced the reduction in demand, leading to significantly higher prices.
But if Obama is making sense, then when gas was 25 cents a gallon, the economy must really have been in the shitter, right? Well, Obamabots? Am I right? Or are you too young to remember?
Let's also take Obama's illogic straight on: If he's right that an improved economy = higher gas prices, then isn't he telling us that we can never expect to see gas prices fall again (because of course we all know his policies are causing a "huge recovery")? That's comforting — kind of like the statement of his Dep't of Interior Secretary Steven Chu from Feb, 2012 that the Administration's goal was "somehow we have to figure out how to boost the price of gasoline to the levels in Europe" (around $8/gal.).
"Energy prices will necessarily skyrocket." I think some guy running for president said that, once upon a time. Apparently the voters didn't believe he was serious.
Here's a zinger that's making the rounds on Facebook:
Re-elect Obama. You'll wish for the good old days of $4 / gallon gas.
Thanks Elizabeth for making my job easier today.
|Previous: Hofstra debate post-game report, The Empire Strikes Back||Next: Initial unemployment claims spike back up, Obama's "recovery" lasted all of a week|