Monday, June 06, 2011
Obama's contribution to high gas prices
According to economists, because of Obama's monetary policies, especially that of "quantitative easing", a gallon of gas costs about $.60 more than it should right now. Basically their point is that it isn't, as Obama would argue falsely, Mideast turmoil or excessive oil consumption in India and China that is causing the price spike, but US dollar inflation as a result of Obama dumping cash into the economy. Our dollars are just worth less when the monetary policy is "loose".
Thanks for nothing, Obama.