Sunday, May 01, 2011

Gas prices keep rising ( Media asleep or worse )

Gas prices keep rising ( Media asleep or worse )
Pittsburgh Post-Gazette ^ | May 01, 2011 | Jack Kelly

Posted on Sunday, May 01, 2011 12:34:33 PM by george76

Meanwhile, Obama says: 'Let them buy smaller cars.'
It apparently didn't occur to the president that people for whom it is a hardship to pay a dollar more a gallon for gasoline can't afford to buy a new car.


The remark makes Mr. Obama sound clueless, or callous, or both, but most of the journalists who covered his visit to Gamesa Technology Corp. didn't report this exchange...
Gas prices have doubled since Barack Obama became president. With wages stagnant, unemployment high and food prices rising at the fastest rate since the 1970s, this imposes real hardship on many Americans.

It also means our moribund economy is likely to fall back into recession. When the real price of oil doubles within a year, GDP almost always declines
...
Obama has added trillions to our massive national debt, which is the most important reason the dollar is losing value.
...
The president may not mind higher gasoline prices, but he doesn't want to take the blame for them. So he's pretending to do something about them, while actually doing nothing. Attorney General Eric Holder will investigate whether "speculators" have been driving up prices, Mr. Obama has announced.

This is like O.J. Simpson's search for "the real killers." But the irony is lost on most in the "mainstream" media.

(Excerpt) Read more at post-gazette.com ...

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