Wednesday, March 28, 2012

Sixty Eight Percent Disapprove of Obama's Handling Of Gas Price Increases...

by: Les Carpenter
Rational Nation USA
Liberty -vs- Tyranny

Reuters - Sixty-eight percent disapprove and 24 percent approve of how Obama is responding to price increases that have become one of the biggest issues in the 2012 presidential campaign.

In the past month, U.S. fuel prices have jumped about $0.30 per gallon to about $3.90 and the Republicans seeking to replace the Democrat in the November 6 election have seized upon the issue to attack his energy policies.

The disapproval reaches across party lines, potentially spelling trouble for Obama in the election, although the online survey showed voters hold oil companies or foreign countries more accountable than politicians for the price spike.

"Obama is getting heat for it but people aren't necessarily blaming him for it," said Chris Jackson, research director for Ipsos public affairs.

Majorities of Republicans, Democrats and independents all disapprove of the president's handling of gas prices, according to the online poll of 606 Americans conducted March 26-27.

Eighty-nine percent of Republicans said they disapproved, as did 52 percent of Democrats and 73 percent of independents.

"People are unhappy that they are having to pay $3.90 a gallon. They want somebody to be able to lash out at and the president is as good a person as anybody," Jackson said.


The most common reason cited by voters of all political stripes for the rising cost was oil company greed (emphasis mine. {Read More}

I am not sure how 5.31 to 8.42 percent profit margins constitutes "greed." But then again somebody needs to be the bad guy and singled out. Right?

Hey, maybe if the ObamaCare individual mandate ultimately prevails in the SCOTUS government could find a way to mandate the maximum profit margins entire industries and individual companies within a given industry would be allowed to realize.

Via: Memeorandum


  1. Well, it's been my experience that most Americans do not understand the oil business. Now, I'm no expert, but I have friends in the business, they ranged from working on the rigs to trading the commodity. There are two main causes for the general rise in prices we've seen over the past decade - instability in the Middle East and rise of India and China.

    Spikes like we see today tend to have more complex direct causes. In this case, yes instability in oil producing countries is a cause, but so is the old bottle neck issue we perennially experience, in particular during election years, and yes, that has to do with the oil companies and the buddies at the refineries, as well as traders. It seems obvious, when you see it year after year after year, that these guys use oil prices to drive a political agenda. If you don't believe it, then you're just not paying attention.

    Now, that all said, we are importing less oil and extracting more oil than we have in years, putting to lie the ignorant idiocy of "drill, baby, drill." We can drill all we like here, and it OBVIOUSLY doesn't make a difference.

    So all this shows is that Americans can be really stupid.


    1. JMJ,

      You said:
      "Now, that all said, we are importing less oil and extracting more oil than we have in years, putting to lie the ignorant idiocy of "drill, baby, drill." We can drill all we like here, and it OBVIOUSLY doesn't make a difference."

      Would you have any links for this? I'd like to read them for myself, if possible!

  2. So basically you're saying that 68% of America is racist.

    I just paid 4.06 per gallon today. At the end of January 2009 it was, what, 1.79 per gallon. Hm. Obviously my vehicle is racist and is being punished by the left. Of course, it's a Ford! If it were a Chevy, I'm sure my gas would magically be cheaper.

    1. No, Reuters is reporting that 68% of people polled are dissatisfied with Obama's handling of rising gas prices. That is not to say they blame him. And the racist thing, what's up with that?

    2. RNUSA:

      You know that to be dissatisfied with anything President Obama does is because we are closet racists. Just ask the leftist media. I mean, they wouldn't lie, would they?

      *It was me being facetious, RNUSA, nothing more...*

  3. Les, as of 2009, the average tax on a gallon of gasoline was 45.6 cents (state and federal - and a regressive tax at that). So, even at today's average of $3.90 a gallon, that represents an 11.7% cut going to government coffers. They're actually making a higher % than the oil companies themselves! I mean, I know that a lot of it goes to building roads and all but, still.

  4. Wall Street Speculators and the Republicans protecting them are to blame. 68 percent of American obviously don't have a clue as to what is really going on.

    Nancy Pelosi Press Release: Independent reports confirm that speculators are driving up the cost of oil ... We need to take strong action to protect consumers from this speculation. Unfortunately, Republicans have chosen to protect the interests of Wall Street speculators and oil companies instead of the interests of working Americans by obstructing the agencies with the responsibility of enforcing consumer protection laws...

    1. All one has to know is Nancy Pelosi put out the press release to be very, very, very skeptical of everything thing it says.

      The point of the article was big oil does NOT make obscene profit (if there is any such thing) at essentially a 5.31 - 8.42% profit margin.

      The reason the dollar levels are high is because American consume huge amounts of petrol.

      Profit my dear progressive collectivists is NOT A BAD OR EVIL THING.


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