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Originally Posted by dalakhani
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?
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in 2006 nancy pelosi's comments would infer to someone that we had to pay high gas prices becuase bush was president and the republicans ran congress, now prices have gone up since obama took office with a democratic congress , isn't a fair question to her why are prices going up now since you claimed they were ony going up because of who was in charge?