Thursday, August 18, 2011
Bachmann bows out in 3.....2.....1
I like Michelle Bachmann for the most part, but she's going to quickly marginalize herself in the presidential race by making outrageously outrageous claims like this....
From CNN -- "Under President Bachmann you will see gasoline come down below $2 a gallon again," Bachmann told a crowd Tuesday in South Carolina. "That will happen."
It is easily demonstrated that no matter how much oil we pump here in the US, it will have little or no effect on the price at the pump because the Saudis will likely decrease their output to offset what we pump. So the world crude balance will stay more or less the same. Plus, even if you buy the argument that we can affect the price of gas at the pump by drilling domestically, the most we could produce would affect the price by no more than $.03. It fluctuates that much daily anyway.
The next time she gets interviewed, the person will ask her to explain how she'll decrease the price as President and whatever her answer is will be wrong because she can't. By promising something she can't deliver, she makes herself look like just another populist politician.