Pelosi’s Pump Premium
January 2001 - President George W. Bush inaugurated - Gasoline was $1.49 (national average)
January 2007 - Nancy Pelosi became Speaker of the House - Gasoline was $2.33
Today - Nancy Pelosi shuts down Congress for Five Weeks and nothing was done about gasoline prices which is now a national average of $4.04
EDIT TO ADD: Found this bit on Politico - A House Democrat aide is quoted “There is no crisis on our side of the aisle.We have a plan, and we will stick to it.”. Yes we know your side of the aisle has “a plan”. The plan is painfully obvious in the graphic below!
(H/T FreeRepublic)
August 5th, 2008 at 4:55 am
No, it’s not. The national average is $3.88.
http://tonto.eia.doe.gov/oog/info/gdu/gasdiesel.asp
August 5th, 2008 at 8:39 am
$3.88, $4.04, IT’S STILL TOO F$%#&ING EXPENSIVE!!!
Energy Independence NOW!
August 6th, 2008 at 5:08 pm
There can obviously be no other explanation! Clearly relying on more and more foreign oil for the past 20 years had nothing to do with it, which is compounded by a devalued dollar sunk by huge military and other budgets.
August 6th, 2008 at 5:28 pm
Do you REALLY want to get into a discussion of budgets? I will place the “huge military” budget against the aid to states budget any day. Add to that Medicare. Add to that…. It is a losing issue.
Yes, the value of the dollar is very important. The budget situation is important, so far as it impacts the value of the dollar. I would argue that it is difficult to draw a direct connection between the budget deficit and the value of the dollar, however. I DO think I could make a connection between the strength of the economy and the strength of the dollar.
In reality, reliance on foreign oil is only somewhat a factor–less than you would think. It’s relevance is indirect. The relevance is that American oil is more reliable than oil in, say, Iran where the Israelis (or the US) may choose to bomb to prevent nuclear proliferation. Or worse, we may choose NOT to bomb them and let them get nuclear weapons. In other words, we need a larger amount of the oil coming from politically stable places rather than politically unstable places. For instance, if the UK suddenly were able to bring 5 M barrels per day on line, that would be OK too.
But the fact is that it is the US that has the reserves that are out of bounds, not other countries. We are the ones that are smashing our thumb with a hammer–on purpose.
The Pelosi Pump Premium is primarily that she is fiddling while Rome burns, so to speak. She is preventing a majority from getting what they want by means of authoritarian tactics.