Wednesday, June 6, 2012

What Happened To Republican Gas Attacks?

Remember a couple of months ago when Republicans were blaming President Obama for high gas prices?

Remember when Newt Gingrich tried to revive his Presidential campaign with unfounded promises of $2.50 gasoline?

When was the last time gas prices were dropping before, during and after the Memorial Day weekend?

Now, if I wanted to spout an ideological agenda, I could say that this is a result of President Obama’s rose garden news conference where he pledged Administration action to crack down on oil speculators. But that would be as hypocritical as those who sought to blame him for the increase in oil prices following the 2008 economic meltdown.

The reality is that in both cases the results were dependent upon international factors that swamp most if not all domestic policies in the short and intermediate term.


  1. I saw gas today in Sturbridge for $2.49 a gallon and in Worcester for $2.41.

    1. republican stampede coming soon!June 6, 2012 at 3:48 PM

      once the speculaters saw Romney as a sure challenger to osama oops i mean obama the market felt more confident. they see this failure president is on his way out. The market feels more stable and prices will continue to fall, so stop the bs ken about the republicans. Look at Wisconsin and what happened to the dems and the unions need i say more!, your man and his wife better enjoy their last months flying all over the place on airforce one and after they are gone they will have to fumigate the jet and the WHITE house to get rid of all the cockroachs they left!

    2. Are you sure it's $2.49 and $2.41 and not $3.49 and $3.41?

    3. I was sure enough to tell some friends about it, but if I'm wrong correct me.
      In Sturbridge it was BeeZee on route 20 and in worcester iit was value somrthing on Park Ave.

    4. To republican stampede coming soon!

      I’ll bet you’re also one of those who want to make sure that all voters have a voter ID. How about this? Why don’t we require that anyone who wants to register to vote has to answer all the questions a candidate for citizenship has to answer? Let’s make it retroactive. I’ll bet that you and all your constitution devoted buddies would flunk in a heartbeat.

    5. @ republican stampde, aka the elephant in the room:

      Romney, a sure challenger? What are you smoking? Obama is better at playing the right-handed card than Romney. Lol.

      It does not matter who is president in order for oil speculators to make bets. All that matters is the demand of oil. Demand is declining, thus prices decline, too.

      The Republican party is heavily divided, too. You've got center-right and wing-nut Republicans jockeying for control of their own party. Meanwhile, John Boehner has zero leverage as Speaker due to the divisiveness of his party. It's no coincidence that he was all over the news in 2010 only to slip away from the lime-light to save his own career. Yes. Even John Boehner won't speak up in support of the crazies that hijacked his party in 2010. Granted the Democrats have been a little too quiet for my liking, but I won't vote third-party because of it, and no way in hell I'll vote for a Republican, especially with all their anti-gay and anti-women's rights rhetoric.

      To your point about Wisconsin, Scott Walker is not the dictator of Wisconsin, and the WI Senate is firmly Democratic. So any real change in that state will only come through cooperation. Walker won a RECALL election. The fact that there was even a recall in the first place is highly significant. Walker almost lost his job. That's a wake up call for him by the people of WI. It's clear to me that the state wants due process to determine change, not executive orders to dismantle unions.

      The problem with the current political atmosphere is that Republicans do not want to increase revenue alongside budget cuts to close the deficit. They only want to attack social programs that aren't even funded through income, capital gains, sales, estates, or any other tax other than payroll. You tell me how eliminating estate tax, capital gains tax, income tax, and reduction of "sacred cow" spending closes the budget gap? Medicare, Social Security Medicaid aren't funded through any of those taxes. And conventional Republican "wisdom" says these programs are too expensive, yet they don't offer ways to reduce spending other than cutting taxes for rich people and mutating Medicare and Social Security into private ventures.

    6. IQ Sounds like your undies are in a knot because you know im right stop the spin. The country is tired of four years of spending, high gasoline, solyndra ,bailouts gm, chrysler and any other buddy this dope of a president has bailed out at our expense and where still with high unemployment. Just wait november is coming and i will buy you a new pair of underwear IQ!!

    7. I am absolutely aghast at people like you. You are so consumed with hatred for Obama, for whatever reason, that you are willing to embrace a candidate for President who is a provable serial liar, who has been on both sides of every issue so often that he makes John Kerry look like a case study in consistency and who wants to institute the very policies that have driven Europe into a second cycle of recession that is damaging our own economy. I can only assume that all your opinions are fueled by a diet of Fox News and The Boston Herald as well as a spate of conservative websites that you have lost all ability to understand reality. As a result, you are perfectly willing to further perpetuate the further reduction of the vast majority of Americans to indentured servitude to an elite class of robber barons.

  2. aka Jester

    Say What...The Federal Reserve has Nothing Left to Pump & is Plum Out-of-Ideas!

    Headliner: Bernanke, Fed have Few Options as Economy Slows

    Source: Economy Watch-On
    By: Martin Wolk

    “Updated at 2:25 p.m. ET: Federal Reserve Chairman Ben Bernanke is likely to express deep concern about the deteriorating global economy Thursday, but it’s not clear he can do much about it.”

    “After nearly four years of pumping trillions of dollars into the economy through unprecedented easing of monetary policy, Bernanke and his colleagues appear increasingly divided over the wisdom of doing much more.”

    Note: Federal Reserve Chairman, Ben Bernanke, will appear before Congress' Joint Economic Committee this Thursday Morning.

    1. NPR reports that Ben Bernanke says the economy is poised fo growth, but a "fiscal cliff" looms. Are you ready for the Republicans to play chicken with the debt ceiling again? The wing-nuts are playing games with our nation's finances. This is not acceptable.

    2. @ iq

      I listened to the (45) minute hearing, live, via Reuters. Focus in on the words referenced above “Global Economy”. A key player was “Goldman Sachs who helped the Greek government mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country’s already bloated deficit.”

      Euro Crisis - Update: 6/14/2012 as Submitted by Reuters’ Editor:

      * “Moody’s slashes Spain debt ratings three notches - Wednesday by three notches to Baa3 from A3, saying the newly approved euro zone plan to help Spain’s banks will increase the country’s debt burden....”

      * “Spanish 10-year government bond yield hits 7% for the first time putting the eurozone under further strain - Tradeweb via @ Reuters”

      * “Greek Q1 2012 unemployment rate rises to 22.6% from 20.7% in Q4 2011 - @ Rueters”

      Note: Bernanke did state that the US will “Not” be providing any monetary easing to the EU.


All comments subject to moderation. All commenters must use their own name or a screen name. No comments labelled as "Anonymous" will be published. To use your name or a screen name select "Name/URL" from the drop down menu. Insert you name in the "Name" space and leave the "URL" space blank.