In response to:

A Second Look at Our Government Overlords

Steve84 Wrote: Jun 14, 2012 3:44 PM
The Government does not control oil prices. They control inflation, however. When the Federal Reserve prints vast amounts of money (which the Government authorizes, even requests), it causes the dollar to become less valuable, hence high prices everywhere - we just feel it more at the pump, 'cause it's a price we pay attention to.

No news is good news for Obama these days.

And I don’t mean the absence of news.

What I mean is that none of the news that is coming out about the world, the economy, the prospect of golf vacations, is good for Obama’s reelection chances.

It’s certainly nice for the rest of us that oil prices are coming down.

But it really screws up Obama and Secretary Chu’s plan to keep energy prices so high that European prices begin to look cheap.

Maybe now they’ll apologize for crucifying oil companies.

But I doubt it. 


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