The price of gas is going up fast. President Obama blames 'speculators' and assigns a 'Task Force' to STUDY what's causing it and what to do about it. Is that his solution for even the most obvious things?
President Obama, I'll tell you what's causing it and it won't cost the country anything and won't take months to figure out while you have your peeps STUDY the obvious to death. What a HUGE waste of time. Talk about fiddling while Rome burns!
First, the price of gas is going up because the price of oil is going up. Do I really need to explain THAT? I don't think so.
Why is it costing more dollars to buy a barrel of oil? Answer: Obama's 'money czar', Ben Bernanke, is printing money like crazy, thus devaluing the dollar in the international market place.
Why is the 'money czar' printing more money? Because it's Obama's economic/fiscal policy that goes by the catchy name, Quantitative Easing. We're now in the SECOND round of printing money out of thin air.
Why does Obama want him to print more money? To 'stimulate' the economy.
Why does Obama want to keep stimulating the economy? Because the fixes of the past two years aren't working very well.
President Obama, I've got news for you. "Speculators' are NOT causing this! Speculating on oil futures is strictly an investment market play. It does NOT directly affect the price of oil. It's like buysing Microsoft stock. Does 'speculating' on Microsoft by buying a ton of its stock drive up the price of its products? Of course not! The price of their products is determined by supply, demand and the usefulness/quality of those products. Their products' prices, ie. what CONSUMERS pay, are NOT determined by the price of (ie, investing in) their stock. In the same way, the price of the oil we buy is NOT determined by the price of (ie, investing in) oil futures.
This is NOT rocket science sir. Devalue our dollar by printing tons of them DIRECTLY causes a rise in the price of oil and everything else. You, sir, did this via your policies. It is NOT speculators' fault. It's sad that you need a task force to figure this out! Good Grief!
All you need to do to fix this is stop printing money, start retiring money that's in circulation, fix the debt, balance the budget, and start drilling for oil more vigorously here at home. Of course you will not do most of those and those you're willing to do will have to be studied to death. Studying it gives you a lame excuse to avoid doing all those things because you don't want to do any of them in a serious way. Make a decision for a change. Act like a leader and do the right thing whether it's what you want to do or not! Because, by the time you're done studying this problem you've gotten us into, our economy will have ground to a halt because of the price of oil. Feel free to take your time fixing this though. The only thing this will hurt is our economy. No big deal.
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