by Chuck Norris
Just two weeks ago, Federal Reserve Chairman Ben Bernanke also confessed to Congress in his semi-annual report that the job market was “far from normal” and that rising gasoline prices will likely push up inflation and reduce consumers’ purchasing power.
According to Carl Riccadonna, a senior economist at Deutsche Bank, “the rule of thumb among economists is that a 25 cent increase in gas knocks $25 billion to $30 billion off consumer spending in a year and lowers economic growth by 0.2 percentage points.”
The fact is, rising gas prices are actually a win-win for Obama. When gas prices go up, more fuel-efficient cars are purchased, and that means Obama takes the credit (your credit) for the boost in the automotive industry by doting over the success of his stimulus monies. In addition, when gas prices go up, Obama will take the credit (again, your credit) for the increase in renewable energy industries. All at your expense, literally.
This is what Obama meant two weeks ago when he repackaged and re-pitched his “new energy policy” from a gas station in Indianapolis, with the words on his podium: “Investing in Energy Independence.” (Notice he didn’t say who was doing the investing or with whose monies he was investing? It might seem like spending – I mean investing – your money is Obama’s forte, but to me it smells like more capitalistic-crushing SpreadingBO.com.)
In February 2011, Secretary Chu again embraced the strategy to raise gas prices in order to increase green alternatives to Chris Wallace, host of Fox News Sunday, when he said, “The price of gasoline over the long haul should be expected to go up just because of supply and demand issues. And so we see this in the buying habits of Americans as they make choices for the next car they buy.”
Increasing gas prices to wean us off gasoline to green alternatives is a ruse – a deceptive strategy laid on the backs of American citizens.
Read More: http://www.wnd.com/2012/03/obamas-covert-plan-to-soar-gas-prices/
Just two weeks ago, Federal Reserve Chairman Ben Bernanke also confessed to Congress in his semi-annual report that the job market was “far from normal” and that rising gasoline prices will likely push up inflation and reduce consumers’ purchasing power.
According to Carl Riccadonna, a senior economist at Deutsche Bank, “the rule of thumb among economists is that a 25 cent increase in gas knocks $25 billion to $30 billion off consumer spending in a year and lowers economic growth by 0.2 percentage points.”
The fact is, rising gas prices are actually a win-win for Obama. When gas prices go up, more fuel-efficient cars are purchased, and that means Obama takes the credit (your credit) for the boost in the automotive industry by doting over the success of his stimulus monies. In addition, when gas prices go up, Obama will take the credit (again, your credit) for the increase in renewable energy industries. All at your expense, literally.
This is what Obama meant two weeks ago when he repackaged and re-pitched his “new energy policy” from a gas station in Indianapolis, with the words on his podium: “Investing in Energy Independence.” (Notice he didn’t say who was doing the investing or with whose monies he was investing? It might seem like spending – I mean investing – your money is Obama’s forte, but to me it smells like more capitalistic-crushing SpreadingBO.com.)
In February 2011, Secretary Chu again embraced the strategy to raise gas prices in order to increase green alternatives to Chris Wallace, host of Fox News Sunday, when he said, “The price of gasoline over the long haul should be expected to go up just because of supply and demand issues. And so we see this in the buying habits of Americans as they make choices for the next car they buy.”
Increasing gas prices to wean us off gasoline to green alternatives is a ruse – a deceptive strategy laid on the backs of American citizens.
Read More: http://www.wnd.com/2012/03/obamas-covert-plan-to-soar-gas-prices/
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