Tuesday, March 13, 2012

Obama Watches Hoop While Gas Prices Burn American Wallets

Obama is doing nothing about gas prices, which according to National Review, are worse than even a surface reading indicates:
But look beyond that, to the chart inside, which compares the average price of a gallon of gasoline over the past 90 years.While the peak in the summer of 2008 was $4.27, the March 12 average of $3.83 surpasses everything else before it – from the beginning of the chart in 1920 (when only a small fraction of Americans owned cars!) and through the Great Depression and through the 1973 oil crisis and through the late 1970s and 1980s, the Persian Gulf War, and after 9/11. Note that every other spike in prices tends to coincide with economic hard times.

In other words, adjusted for inflation, today’s gas prices – in March! — are worse than during every preceding gas price spike, except the peak of summer in 2008.

Check out the whole thing including the charts and graphs. We are so screwed. This manchild ignoramous of a President with his intolerant we want free sex and drugs crowd of followers is running us into the ground....