President Bush - Out of Touch

Discussion in 'Politics' started by KenH, Feb 29, 2008.

  1. KenH

    KenH
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    From President Bush's press conference yesterday:

    "Q What's your advice to the average American who is hurting now, facing the prospect of $4 a gallon gasoline, a lot of people facing --

    THE PRESIDENT: Wait, what did you just say? You're predicting $4 a gallon gasoline?

    Q A number of analysts are predicting --

    THE PRESIDENT: Oh, yeah?

    Q -- $4 a gallon gasoline this spring when they reformulate.

    THE PRESIDENT: That's interesting. I hadn't heard that."

    - www.whitehouse.gov/news/releases/2008/02/20080228-2.html

    I am forced to reach the conclusion that President Bush has very poor advisors, or that President Bush doesn't pay attention to what his advisors tell him, or that President Bush just doesn't care about the economic plight of the American people.

    I don't have advisors and I am quite aware of the prospects of $4 per gallon gasoline.
     
  2. StefanM

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    He's in a dream world.
     
  3. Bro. Curtis

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    Didn't Bush promise to veto the massive oil tax increase, passed by the dems just last week ?
     
  4. tinytim

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    $4 WHAT? WHERE?

    Just jokin... it is now $3.29 here in WV.

    I thought the same thing as you when I saw the press conference...
     
  5. rbell

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    Very few in government want cheap gas, I've decided.
    • Some are in the oil industry. They're loving the current profits.
    • Some would rather have $5/gallon gas than tap into the huge reserves we have in ANWAR and off the coast.
    • Some have tie-ins to Detroit...and we all know how anti-innovation that bunch has become...
    • Some are just to stupid to understand supply and demand...so they want "price controls" and what not....instead of addressing our supply issue.
    • Still others can't figure out that energy independence (alternative forms, plus drilling & refinery increases) would make our nation much more stable, powerful, and safe.
    What a clueless bunch. If gas is $4 per gallon, I'll be surprised. I expect it to go much higher.
     
  6. StefanM

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    We need alternative fuels ASAP. Viable ones, too, not just the fraud of ethanol.
     
  7. Bro. Curtis

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    We need to start using our own God-given recources. Nuclear power, and mining our own oil & natural gas will keep gasoline on the cheap.
     
  8. StefanM

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    Only temporarily. We need to focus our efforts on long-term viability. I'm in favor of nuclear power, and I think that if we combine these elements with research for alternative fuels, we can benefit.
     
  9. Martin

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    That is probably because normal folks like us actually have to purchase our own gas. Bush does not. The man gets free transportation and housing so of course he is out of touch.:wavey:
     
  10. StefanM

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    Of course, it doesn't hurt that he could afford $40 a gallon gas, either.
     
  11. TomVols

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    Some posit that it's a possibility. I'm sure President Bush has more on his hands than reading some economist's interview in the Palookavile Post. But it's far from a certainty. People have been saying it would be four and five bucks for some time, and it hasn't reached there yet.

    Still, Bush does have a way of being above the "fray" to the point he is disconnected. Chris Hitchens maintains it's part of Bush's intelligence.

    Don't shoot the mesenger :)
     
  12. Magnetic Poles

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  13. KenH

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    The president has advisors to tell him what is being written in the Palookaville Post. I suggest that either they aren't doing the job that we taxpayers are paying them to do or the president isn't paying attention to them or the president just plum doesn't care.
     
  14. KenH

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  15. Baptist in Richmond

    Baptist in Richmond
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    I am okay with that, but the oil companies cannot drill it here as cheaply as they can over there. Therefore, it won't happen.

    Oh, and if the oil companies drill on public lands, they MUST pay full price to the government - NO EXCEPTIONS.

    Regards,
    BiR
     
  16. saturneptune

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    It is time to put Bush in the back of our minds and look forward to making this a better country for all. It will take some time to repair the out of control spending and record deficits, the uncontrolled borders, the economy, outrageous gas prices, and too many other things to mention. Its what happens when one fails to lead and does not follow conservative principles.
     
  17. Dragoon68

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    When supply and demand drives the price of goods or services up it increases the potential for another good or service to be developed or for consumers to change what they do. This is how capitalism works. Government, if permitted, can find many ways to mess this up. All the schemes that involve confiscating the profits of investors who made good decisions are to this end. Money collected by government through extra taxes on the oil industry will be squandered on useless projects based on political favors. The best solution is for government to leave it alone. The market will regulate itself in due time. It always has!
     
  18. Baptist in Richmond

    Baptist in Richmond
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    Apparently not, Dragoon68....

    Regards, haven't seen you around lately - I trust that all is well with you and yours,
    BiR
     
  19. TomVols

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    If the advisors are reading the Palookaville Post instead of NSA briefs and intelligence white papers, then they should be fired.

    And California is always way ahead of the rest of us. So is HI, both for reasons you are well aware of with your economics background. We heard for a while that when we got $100/barrel oil we'd have $4 a gallon at the pump. Didn't happen. More fearmongering and demonization of oil companies, which is always the hacks' easy way out rather than look at the real issues.
     
  20. KenH

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    At $100/bbl. the cost of crude is $2.38/gal. Then one must add in transporting the crude to the refinery, the costs of refining, and the transportation to the gasoline stations. And refiners are losing gobs of money right now. If refiners were making a decent margin the price would be $0.20-$0.25/gal. higher right now.

    Plus I am sure you have been aware of the rise of gasoline prices during the mid-March to mid-May time frame during the past few years.
     

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