After all, with their immense knowledge of fundamental economics, they blamed him for raising it, then lowering it for political purposes, then raising it again. It only seems fair that they give him the credit this time.
Could it be they finally read an Econ 101 text and now realize he couldn't manipulate fuel prices if he wanted to?
Naaaaaaaaah, that can't be it...they still think he controls the weather enough to call down hurricanes on political enemies, so I doubt they suddenly became educated about anything else.
2007-01-18 05:23:34 · 21 answers · asked by Rick N 3 in Politics & Government ➔ Politics
Charles: why does it not surprise me that you missed the point? Nobody can control the price of a commodity. Gasoline futures are sold on the open market. Further, even in a make-believe world in which it WERE possible, a president should refrain from monkeying with the market...supply and demand will take care of thengs every single time if we don't interfere.
2007-01-18 05:30:05 · update #1
map: if you truly believe he CAN do so, you're a paranoid delusional basket case. The market is the market is the market. The ONLY things which affect the price of fuel are supply and demand, investor confidence, and the news (it affects the speculators).
2007-01-18 05:33:43 · update #2
Hemingway: It's called supply and demand. Prices go up when demand outstrips supply, and come down when the situation is reversed. It really IS Econ 101, my friend. You should try taking the class.
2007-01-18 05:43:46 · update #3
lmao and a big WOO HOOO to you!
you r sooo right!
I agree they say the president raised the prices but when it gets lowered he gets no credit.
and he does get blamed for the weather....ok..I'd like to see that one happen! My parents got mad I voted for bush and they said he brainwashed me....never met the guy but OK! He seems to be very talented brainwashing me the weather...lol....
Oh the windsheild on my truck cracked from the cold weather..hmmm...seems bush is tearing up my stuff now!
hmmm...wonder if I should ask him to fix my windshield for me.....lol...
2007-01-18 05:31:52 · answer #1 · answered by woohooo 4 · 1⤊ 8⤋
You didn't notice that within weeks of the Democrats taking over the House and Senate, (and all the Republicans that had been bought by the big oil companies were suddenly out of office) the gas prices started to lower?
Just a coincidence? I think not.
2007-01-18 05:39:09 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Bush can't control prices. But his war in Iraq is limiting oil production. And because our capitalistic society is driven by supply and demand, indirectly, Bush has more control than you claim.
And since your such a scholar in Economics 101, explain to me why the top three oil companies in the world are enjoying obscene profits each and every quarter. They claim that their mark-up to retailers has not increased, so why is their bottom line so sweet? Could it be that Bush and/or Cheney are stacking the deck in their favor?
2007-01-18 05:35:10 · answer #3 · answered by Hemingway 4 · 1⤊ 0⤋
When Bush took office gas was under $1.50 a gallon (adjusted for inflation). The current average gas price is $2.20 a gallon. What, exactly, are we supposed to be giving him credit for?
Starting a war in the part of the world that controls most of the world's oil supply tends to decrease supply, resulting in increased prices. Not to mention that it causes people to *expect* oil prices to rise, allowing oil companies to raise their prices. 9th grade history: bombing Iraq pisses of OPEC, and pissing off OPEC equals higher oil prices. Oil prices have increased dramatically over the course of Bush's presidency because he started a war with an oil producing nation, and allowed oil companies a high degree of freedom to engage in questional business practices to increase their profits. Minor fluctuations in the market aren't his fault, but the overall trend sure is.
2007-01-18 07:39:21 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Ricky baby, it's truly amazing how dense neocons can be. Gas prices dropped steadily for the six months preceding the November '06 elections, then began rising immediately thereafter. Do you really expect people to believe Exxon-Mobile and their ilk can't manipulate prices as they see fit? If so, I've got an oceanfront condo in Arizona to sell ya!
2007-01-18 05:36:23 · answer #5 · answered by Anonymous · 2⤊ 0⤋
Good point. If GWB hadn't ignored global warming then the country may not be experiencing the mild conditions that decreased oil demand and resulted in lower gas prices. But, too bad about the polar bears.
2007-01-18 05:30:06 · answer #6 · answered by Alan S 7 · 1⤊ 0⤋
in basic terms one factor you do not seem to understand. you assert authorities subsidies will save costs down. did you recognize the position those come from? that is named TAXES. So electorate get to pay taxes so the president can provide component of it lower back in a subsidy and declare he's protecting costs down. Why no longer in basic terms decrease taxes and we may be able to pay ourselves the subsidy. The ethanol try is a failure and in common words the corn agencies that fund Obama and Congressmen are creating wealth. on the backs of the yankee human beings and by technique of polluting the planet more effective than the gas itself. you want to provide up analyzing USEPA PR and start up analyzing the literature and perspectives that project USEPA.
2016-10-15 10:03:02 · answer #7 · answered by Anonymous · 0⤊ 0⤋
if you are suggesting that the president has direct control over the fair market value of gasoline then he might find himself being barraged with questions about why the price of gasoline WENT UP THE DAY AFTER THE ELECTION.
bush is president, stop being such a crybaby - part of leadership is taking the heat.
let him take it or resign if he can't...
2007-01-18 05:29:21 · answer #8 · answered by nostradamus02012 7 · 0⤊ 1⤋
Bush said before the election that he had no control over prices. I'll take him at his word which is why I'm not going to give him credit for it now.
If you think that a president can't manipulate domestic fuel prices then you really are naive.
2007-01-18 05:29:19 · answer #9 · answered by Anonymous · 2⤊ 2⤋
They certainly aren't a $1.00 a gallon are they? The oil Companies made record profits 3 years in a row with Bush, there isn't going to be any hoorays
2007-01-18 05:27:54 · answer #10 · answered by Anonymous · 4⤊ 3⤋
Because the Left cares about nothing but regaining power and they will sell out their own country for it.
2007-01-18 05:28:14 · answer #11 · answered by Brian M 2 · 2⤊ 2⤋