An Ol' Broad's Ramblings
Obama: The Economy Killer
If you are at all concerned for the future of this country, the lives your children and grandchildren will live, then I would suggest, first, you do everything you possibly can to make sure we have a Republican controlled Congress….that means BOTH houses….and second, work your hind end off to get Barack Hussein Obama OUT of the White House! Next, work very, VERY, hard to remove all RINOs and socialists (aka Progressive Caucus) from ANY public office! And make sure that bureaucracies like the EPA no longer have the funding to destroy real progress. No, the Republicans do NOT want to kill children and the fact that the FORMER House Speaker would even say such a thing is mind boggling …. considering her stand on the MILLIONS of babies she has allowed to be murdered. And I won’t even get into Harry Reid’s blatant lies, and consistent blocking of ANY progress Congress COULD make.
EVERYTHING you buy will cost more. So many on the left have no idea how those groceries get to the store, and unfortunately, some on the right are just as clueless. We have the resources, if only the government would get the hell out of the way, and allow us to move forward, instead of shoving us back into the caves.
And FYI…the unemployment rate is a LOT higher than the statistics they keep feeding us! The REAL unemployment is closer to an average of 11%-15%, and much higher in some demographics!
Higher Gas Prices Add to Economic Slump
The Foundry
Unemployment is at 8.3 percent. The economy is sputtering at 1.5 percent growth. Food prices are rising due to drought conditions across the country. And gas prices are up again, pinching Americans’ summer budgets. It is past time for the President and Congress to pursue smart policies that would put us on a path to relief.
According to AAA’s Fuel Gauge Report, the current national average for regular is $3.66 per gallon. That’s up 28 cents per gallon from a month ago, and July had its biggest price jump since AAA started tracking prices in 2000.
There are many factors affecting prices that we cannot control—worldwide tensions, especially in the Middle East, can drive up oil prices. Global demand, especially from China and India’s rapidly growing economies, continues upward.
But after three years of adding regulatory hurdles and blocking exploratory access and development, President Obama’s policies are helping keep prices higher than necessary.
If the President truly wanted to lower gas prices, he would work to increase supply. But when given the opportunity, he has done the opposite. He turned down the Keystone XL pipeline, which would bring up to 830,000 barrels of oil per day from Canada. His Administration has made it even harder for companies to explore and extract domestic energy resources by canceling, delaying, or withdrawing a number of lease sales for exploration and development. Meanwhile, huge swaths of federal lands have been put off limits for energy exploration.
Domestic refinery outages have had a recent impact on gas prices. Two of the factors holding back domestic energy production are regulatory red tape and litigation—and these, we can do something about. As Heritage’s Nicolas Loris notes:
Environmental activists delay new energy projects by filing endless administrative appeals and lawsuits. Creating a manageable time frame for permitting and for groups or individuals to contest energy plans would keep potentially cost-effective ventures from being tied up for years in litigation while allowing the public and interested parties to voice opposition or support for these projects.
We don’t have to stand still. Congress could alleviate the energy crunch in 10 different ways by taking action on things we can control, like restrictions on oil shale development and offshore drilling.
One of the most common objections is that increasing domestic oil production takes too long and would not impact the market for at least a decade. The longer people make this argument, however, the longer it will take. The sooner we make investments in domestic energy, the sooner those benefits will be realized. And with some serious reforms, some of this oil can reach the market in much less than a decade.
Gas prices aren’t under the control of any one President. But Americans shouldn’t settle for policies that restrict oil exploration, refining, and production and artificially drive prices higher.
