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Originally Posted by gales0678
Take a look at what Nancy Pelosi said in 2006
http://www.californiachronicle.com/articles/view/8560
I guess Bush and the republican congress are still controlling gas prices
look at what you are paying for a gallon of gas today
i guess obama didn't win the election , and i guess the republicans still contol the house , that's why we are paying these high gas prices |
The rise in Gas prices under Bush came during a period of time when the FED was TIGHTENING. The rise in Gas prices you have seen in the last year have come during an unprecedented period of FED EASING and the rise hasnt been dramatic. We are simply back up to a level where it should be when a country is not in a depression (which was why they dropped so badly before).
Look, Republicans bitch on here all the time about printing money and inflation and blah blah blah. When you look at the rise in Gas prices, you can't blame foreign policy or domestic oil policy(like dems were doing during Bush). You simply have to look at monetary policy.
Have you noticed that the dollar strengthening has led to a retreat in oil prices?