March 12, 2012

Gas prices sink Obama’s ratings on economy; bring parity to race for White House - The Washington Post

Somewhere out there in the media cloud we'll read some speculation that high gas prices is a Republican plot from Big Oil interests designed to unseat TeamObama. Nasty speculators are obviously trying to orchestrate his defeat in this rabid election year.


Or, that Obama secretly likes high gas prices so that alternative energy zealots and environmentalists will be mollified and more subsidies can flow to the renewables industry to save the planet while more campaign contributions will flow to Obama's re-election coffers.
OTH, perhaps it's part of a normal economic cycle of supply and increasing world demand exacerbated by threats that the flow from Iran will be disrupted either by boycotts or military actions.


Ahhhh...the politics of economics, a never ending clash of campaign reality with the dismal science and fodder for pundits.
"Disapproval of President Obama’s handling of the economy is heading higher — alongside gasoline prices — as a record number of Americans now give the president “strongly” negative reviews on the 2012 presidential campaign’s most important issue, according to a new Washington Post-ABC News poll.
Increasingly pessimistic views of Obama’s performance on the economy — and on the federal budget deficit — come despite a steadily brightening employment picture and other signs of economic improvement, and they highlight the political sensitivity of rising gas prices."

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