http://money.cnn.com/2011/08/18/news/economy/bachmann_gas_prices/index.htm?hpt=hp_t2#disqus_thread Well, as a friend of mine observed, she could do it if she nationalized the gas companies or made giant subsidies. Also from the article, My personal memory tells me this is total bs, but can someone verify? I'm fairly certain that if gas prices had doubled with 2 and a half years, the Tea Party would have complained about it by now.
Sounds like a promise she can't make. Gas should be even more expensive to compensate for the damages each gallon causes to public property.
According to this link, gas was around $1.61 on 12/31/2008, so I suspect her $1.79 price when Obama took office is fairly accurate. http://www.treehugger.com/files/2009/01/2008-us-gas-prices-review.php It sure seems like it has been higher than that for a longer period of time.
did not know she was running for the position of God. Or insert whatever deity you think controls the weather, Middle East revolutions, the minds of speculators, and the amount of dinosaurs that died millions of years ago.
Of course in that same article it also points out that gas was at $4.11 per gallon in July of 2008. The under two dollar a gallon gas price at the start of 2009 appears to be due to a plunge in global demand due to the recession. Basically Bachmann is taking what ended up being an aberration as what was the norm. I mean if she really wanted to talk about cheap gas I recall it was around $1 a gallon when GW Bush took office.
If she doesn't raise the debt ceiling, she could send the world economy into a tailspins and get us back to $2 gas...
Perhaps she is hinting that she will repeal the two pieces of legislature that Phil Grahmm and his wife passed the last day of GHWB's day of presidency and the other on the last day of Bill Clinton's presidency which essentially gave certain investment banks the ability buy unlimited futures positions on commodities. Those two bills have been the sole cause of the incredible spikes in commodity prices of the last 10 years and one of the biggest reasons I think wealth has been transferred the last decade.
Of course $4.11 was an amazing high. Gas has been on a serious roller coaster for the past 5 years at least.
Yes that was an aberration too but the trend of the last few years has been for gas well above $2 a gallon. Its somewhat misleading for Bachmann to pin over $2 gas prices on Obama when they had been higher than that for most of the year before he took office.
And she may be right. We could see $2/gallon again under her, but it would only be temporary (or mean terrible things for this country). We could also see $5/gallon. Instead of worrying about gas price, and domestic drilling, it would be better to focus on cheaper alternative fuel sources.
Solid comparison. Did that simple minded bumpkin from Minnesota mention that in January 2009... the Dow was around 8300 the S&P was at 850 the credit markets were frozen and manufacturing indices were near 10-year lows
How do woman like this get elected to congress? They should make all nation level politicians take some basic tests before they are allow to serve.
It also ignores the fact that gasoline prices are seasonal, with lows in the winter when presidents are sworn in, and highs in the summer when campaigning is in full swing. I suppose she means to say she's going to open up so much drilling that we'll be well-supplied. As much as I don't like paying $4/gallon, I can't find an angle where I like this promise. It implies to me less regulation, less energy innovation, less efficiency, more environmental damage, more urban sprawl, and possibly less tax revenue and worse road infrastructure. This country would be better off with expensive gas than cheap gas.
