Consumers’ pain at the gas pump will likely be shared by President Obama at the polls in 2012 and could cost him a second term unless energy prices take a drastic turn for the better in the next 18 months.
This will be really really interesting! Obumbler made it clear that he wanted us to have European level gas prices. He is getting his wish. Want to bet that he will try to deny saying he was hoping we would all become bankrupt? Think the Lamestream media will call him on it?
This guy has no idea what America is really like. To him, of the “57 states” only Ill, HI, NY, and CA are important. All the rest of the country is inhabited by rednecks, idiots and yahoos who are not important.
Update: Something to “Chu” on…
Mr. Chu believes that artificially increasing gas prices will force Americans into smaller cars, public transportation and other situations more in line with the thinking of environmentalists. According to the WSJ:
Mr. Chu has called for gradually ramping up gasoline taxes over 15 years to coax consumers into buying more-efficient cars and living in neighborhoods closer to work.”