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Obama's Advice To Those Complaining About Surging Gas Prices: Suck It In And Cope
As gasoline prices continue to surge day after day (and with WTI touching $109 today this will continue for a long time), the peasantry is getting restless. Not only that but it is getting nosy. In fact today some plebs had the temerity to seek answers from the teleprompter over the festering question of just how long will Bernanke, pardon, UK stagflation, pardon, default Portugal, pardon, healthy worldwide demand keep pushing gas prices to $4, then $5, then $6, and eventually to the price paid in Europe: about $9. The response was straight out of Charlie Munger's (non-frontrunning) playbook: "I'm just going to be honest with you. There's not much we can do next week or two weeks from now," the president told workers at a wind turbine plant (one operated by Spanish company Gamesa). "Gas prices? They're going to still fluctuate until we can start making
these broader changes, and that's going to take a couple of years to
have serious effect." And we doubt Obama's hard core union electorate will be happy at the following stab at Channel Stuffing Motors: "If you're complaining about the price of gas and you're only getting 8
miles a gallon, you know," Obama said laughingly. "You might want to
think about a trade-in." Let's hope the people don't get the same idea about the presidential office two years from now, even after the $1 billion spent on TV ads. As to the core question, we were surprised Bill Dudley was not present at Obama's side explaining how deluded complainers should just have a chilled glass of unleaded 98 Octane with their main course of deflationary iPad 2.
More from AP:
The president spoke at a town hall meeting at Gamesa Technology Corp., a Spanish company that makes giant turbines that use wind to generate electricity. According to the White House, it is the first overseas company of its kind to set up shop in the U.S.
Back in Washington, negotiations continued on a budget deal to avert a government shutdown Friday and Obama urged lawmakers to get it done. The president said he wants to cut spending, but not at the expense of cutting priorities like energy and education.
As fuel prices rise because of growing demand worldwide and political
unrest in oil-producing nations in North Africa and the Middle East,
drivers are feeling pinched at the pump. Republicans blame Obama and his
policies and he, in turn, is striving to show the public that he gets
it.
In the meantime, if the middle class repeats "Inflation is transitory" three times while starting in the mirror, a genocidal Chairsatan will appear behind it and slice its throat.
Gasoline prices rose another 2 cents Tuesday to a new national average
of just over $3.68 a gallon, according to AAA and other sources. Obama's
visit to Gamesa was his fourth energy event since March 11. He's
scheduled a fifth for Friday in Indianapolis.
It's not all bad news. By the looks of things, er, promises, the gas situation will normalize... some time in 2025.
Obama said he wants to move toward "a future where America is less
dependent on foreign oil, more reliant on clean energy produced by
workers like you." That will happen by reducing oil imports, tapping
domestic energy sources and shifting the nation to renewable and less
polluting sources of energy, such as wind, the president says. He has
set a goal of reducing oil imports by one-third by 2025.
And following tomorrow's ECB hike, and following Europe's subsequent economic deterioration, the only bank that continues to be uber-loose will be stuck in that mode as it seeks to remain the "dynamo" of ponzi growth, meaning Obama voters who complain about gas prices at $3.70 will soon have even more fun complaining when the gas price ends being an anagram of those three numbers in a a year or so.
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Since NG is so great, why should we want to involve the goverment in a conversion? The technology is out there today.
Just give it a few years. When gasoline is $8 or $12 a gallon, everyone will figure it out. There's no benefit in *more* government intervention in these markets. People will adapt, I'm sure.
I would love to see where the technology is out there today but I won't hold my breath. Every time some asshole goes on and on about converting a vehicle to CNG, they always forget to mention that they have 1 of the 3 years of the 2 truck models that a kit exists for and oh yeah they also cost $25K. Yeah, I'll get right on that, let me throw away my perfectly servicable car to buy a pricy used truck and take out another full vehicle loan to have it converted by some fly-by-night outfit 4 states away. Think of the hundreds of dollars in gas I'll save this year! Whoopee!
Great post, but please learn to use apostrophes appropriately. Don't use apostrophes when pluralizing.
Yep. If free markets had their way, Americans would be paying around $9 a gallon for gas. That cost has been kept artificially low because the US is dollar is the reserve dollar. But that is changing ....
It is kind of like telling kids the free ride is over - hence Libya - but maybe I'm just too cynical.
If gasoline prices had been allowed to rise without intervention then alternative forms of energy would have been supported by the long term rise in non-subsidized gas prices and the cost of those energy sources would be dropping with increases in technology and scale of production.
So you see, the government has screwed us once again while gleefully killing foreign kids and lining the pockets of their cronies. That doesn't happen in a free market.
mine is the 23rd. here's the deal, nit-wit: any time some freak starts talking at me, I get pissed. as far as "we" being "spoiled" speak for yourself/-ves, ya pricks. Lecturing ZHer's on "buying the next $500 gizmo for kids" is patronizing, at best, insulting probably. Vague generalizations about somebody's/anybody's behavior, absent evidence is fucking absurd. Junk.
+10000000.
I am not sure when sacrificing for the nation became an unAmerican thing to do.
And that's when most of the critical resources we consume are found in countries that do not exactly like us. And when you pay that $3.5 to $4 per gallon at the pump that money ends up going to someone that may actually hate us. And this is in April just wait till May.
So why is it so bad to conserve, and be smart out our usage of natural resources.
It became questionable in 1913, suspect in 1933, unfashionable in 1971, partially unAmerican in 2001, and completely unAmerican to 'sacrifice for the nation' in 2008.
+10,000
"Not only that but it is getting nosy"
Yep, that be Libs.
With an adequate stake in UCO (double long oil) and an appropriate small automobile, the effects, while extant, may be ameliorated.
No, any savings you realize will be stolen by goobermint. Never fails.
Just do what I did and invest directly in oil wells - huge tax breaks too
the messiah diddles while America burns (fiat + gas)
drilling..."won't produce a drop of oil for seven years."...2008 campaign ad.
So we're about half way there!...excellent! ;-)
HOPE AND CHANGE
The word hope is akin to beggary and we know how much actual change happens when one is shaking a cup of coins for spare change.
NO DREAMS and CHANGE FOR THE WORSE.
Oil will rise for 1-2 weeks as per Prez. Then end of April poof magik prices drop....i could be wrong and if i am will eat xtra thick slice of humble pie.
Did you mean hope is akin to buggery?
Beggary made sense. Onwards SNAP!
No dude! He clearly said buggery and among men:
Larry Sinclair: Obama's "Drug and Sex party limosine
http://www.youtube.com/watch?v=MceFVpJ-Gyc
Obama Sex Limo Rape
http://www.youtube.com/watch?v=sIklJxXCHzY
I guess there is hope that he will die of AIDS soon.
Is there still more damage he could do?
wherin do youse get such strange notions as dat?
What do broke ass people do who still have credit right before they default. They spend themselves silly.
You can clearly see that march the government spending a trillion dollars before they go in the grave april 15th. The day tax revenue stopped.
The parties over. They know it and are behaving in revealing ways.
Vast, you talking a Vast drop, or the usual couple of zinc pennies?
LOL yeah oil will drop - only if QE3 is killed and the markets crash
The amazing thing is that I don't think those in power get that their deficit spending policies directly affect the price of necessities. We're screwed.
Not that it matters because it is online, but what fags are junking every post? This place has really gone down hill.
"He's scheduled a fifth for Friday in Indianapolis."
Too early to start the Indy 500, dammit. (From the middle of the track)
wear another sweater
Tanks, Jimmah! Good advice.
/end sarc
I am just sick of this. Crash it already, let's start over. I am tired of waiting.
Not just yet, please. Still have some funds to settle.
You are reading my mind -- note to self: add more foil to hat.
SERIOUSLY. I'm so sick watching all these talking heads on TV talk about how things are improving. Let's get this shit started already - the sooner it happens, the sooner it'll be over.
Well, Judge, no offense to you and sparky but you will look back and really regret those wishes
Only the most unimaginative of former slaves misses his master.
I'm sick of living in a system that is on the brink of collapse. It's impossible to do any sort of long range planning. The bigger we build this unsustainable system, the more horrific the collapse will be. Let's get the sucker down ASAP instead of 5 years from now.
What an asshole.
That said, what Barry should actually say is, "Hey, I told you morons during the campaign that I wanted higher gas prices so you would drive less (while I keep my golfing scehdule sacred, of course) - and I Won. So quit your bitching, serfs."
Hard to believe...
Mike Norman: 'US debt is a myth!' - http://www.youtube.com/watch?v=4HJ54RRB7OU&feature=feedu
wow hb, did i really just hear all that crap? *shakes head in disbelief* holy f! *shakes head again* where the hell did rt find that sociopath? he blows the bernanke out of the water and surely gives all the politicians a run for the bs award. *shudders and shivers* wtf!
sounds odd, but i think i say thanks for posting the link!
You just know a bunch of dumb fucks in Washington and New York think just like this guy. Printing money during an economic recession is the same as stealing from all the old and poor. Mike Norman can go fuck himself and die.
US debt is a myth then taxes are a myth. Why pay? Tax Revolt 2011. Grow a pair.
Hooray....the Great Agitator lectures from the James Earl Carter fossil fuels conservation playbook. Sweaters and mitts coming right up. BTFD.....five buck gas is priced in.
But in theory, deliveries should be cheaper by Tricycle? In UK petrol (gas) is about $9 Imperial gallon which causes more drivers to go slower in the slow lane I've noticed. I also read that Auto Breakdown calls are going up for 'Out of Gas' and indeed, driving off without paying at the pumps is increasing.
But the most proportion of european fuel costs are taxes, of course.
"driving off without paying at the pumps" - a splash and dash.
How is this even possible. Every station I go to requires the transaction be settled via charge/credit account or cash first, please.
In the UK you pump first and pay afterwards. Dunno about the rest of Europe.
L.O.L. ....... i wonder what this woman is thinking about now.
http://www.youtube.com/watch?v=P36x8rTb3jI
remember the woman who wouldn't have to worry about putting gas in her car or paying her mortgage anymore ? ..... looks like she's worrying !
Why should she be worried? Barry's still got her covered.
HAHAHA.
She's not paying her mortgage (remember all those people who haven't paid in avg of 570 Days.
Since shes not paying her $1000 per month mortgage $4 gal gas dones't hurt that much.
Gas may have gone up 30% but she more than doubled her disposable income.
We are fucking doomed.
http://www.youtube.com/watch?v=I3ZLJj_q4xI
I need a new house!
Great video - just confirms what the lefty liberals really think about us all and that is we are a bunch of IDIOTS - they may be right???
I'd like a apachi helicopter that sucks 125 gallons an hour. I promise not to shoot bloomberg reporters with it.
I'm surprised he's not pissing on people in the audience at this point. He probably already knows whether he wins or loses the next election. Life is really really good for these guys right now. Please, don't disturb their mojo.
....no pissing on the audience until cued by the teleprompter to do so.
I can see the headlines now: "Obama cures dehydrated ralley attendees with excreted water and electrolytes."
please gas is expencive and government is not big enough to be responcible
.
please tax me till i cant think anymore
There is still plenty of 87 octane water in the gulf of mexico, and the Japanese are making cars that run on Cessium 137, so me not worried.
Nissan "Tsunami" fully equipped with pontoons and outboard. or better yet, Jim Sinclair's Aquacar.
Soon to come....Cobalt Beef.....
molotov cocktails still under a buck. no deposit.
'molotov cocktails still under a buck. no deposit'.
some might sniffit and fly to their target before tossing
Well let us all thank our lucky stars the Prompter-in-Chief only takes pre-arranged questions from the press once per year.
Buck up..Suck it up and hand your savings over to the Wall Street cartels serfs.
Well let us all thank our lucky stars the Prompter-in-Chief only takes pre-arranged questions from the press once per year.
I thought you were talking about GW Bush, Oh, Obama.
Hmm. That's eerie ?
GW Bush hasn't been prez for 2 1/2 years Mr Van Winkle
(Bush) is sincere about finding a long-term solution for the cost of energy. "The American people have got to understand that, here in the White House, we're concerned about high gas prices.
"If there was a magic wand to wave, I'd be waving it, of course,'' the president said, standing beneath an overcast sky on a chilly morning outside the Oval Office. "If there was a magic wand, I'd say, 'Drop price...' There is no magic wand right now.''
April 29, 2008
---------------------------------------------------------
U.S. president George W. Bush declared, “I wish I could simply wave a magic wand and lower gas prices tomorrow; I’d do that. Unfortunately, higher gas prices are a problem that has been years in the making.”
Apr. 20, 2005
-----------------------------------------------------------
http://www.youtube.com/watch?v=0EVeWllgt_I
It was a yoke man.
I don't know how close attention you were paying to things that ZH would have been covering it had been up back in 2002-3.
Bush was famous for having the press lead in and calling on pre-arranged correspondants, Questions, Answers, One press conference he skipped ahead and He and the press corp actually laughed about it. It was a really funny sound clip.
The point of the humor, since you in a way asked, is that there WAS no change 2 1/2 years ago... Ha Ha...
It's all Halem Globetrotters vs the (fill in the blank) Generals. (Checks come from the same company).
While Bush was bad, Obama is worse. The same way a severed finger is bad and a severed arm is worse.
Mr. McCloy
Correction: Teleprompter-n-Thief
Just more of the same, obfuscation of the facts, while confiscating what little wealth remains with the people.
What a clown. Barry the Bozo! 2012 can not come any sooner.
Don't attack me, but I have been thinking that if Donald runs, he may have my vote. At least he will not be afraid to bankrupt us, he has done it so many times. What was the quote? "Bankruptcy is not personal, it's just business".
Why not default on our debt immediately? It's inevitable.
Agreed, but they won't do that until right around the election. 2008 do over. Have you noticed that in Europe, everyone quits, or votes no confidence blah, blah, blah then default or begging right before election?
The CIA will shoot him first. Think about all of the common people that would be hurt when the U.S. renegs on its debt.
ah is cornfused, Saul.... since when did CIA give a shit about peasants? Don't get me wrong - they probably would shoot him, soon as Jamie or L-l-l-l-loyd picked up the phone....
There is no hope until Mrs. O'Leary and her cow are removed from Cheekago's voter rolls.
Yes, all 27 enteries for each, and still pulling pension, medical and disability pay.
Soon enough there will be gas-stamps (in the form of SNAP-like debit cards) for the majority of Barry's constituency.
They already get free cell phones and service through Safelink Wireless
There was a FTA program in Mobile where they fucking bought these people cars. They were junkers but still they just bought these people cars and gave them to them. No strings, nothing.
It's time like this i want to grab a bag of gold coins and go beat a bankster to death with it.
Who'd junk that? Oh, some one with a bag of gold, which you don't have.
Too broke to own gold. Besides - I've been told you can't eat it.
(Wasn't referring to me, BTW. Have bags of silver. And you can eat it, then get a gig in Las Vegas.)
You can eat gold but it won't provide any nutritional vlue
Use a bag of oranges instead...
Fuck that! It is far more poetic to use a bag of gold or silver coins.
the elections can't come fast enough....can't wait to get rid of Dumbo Obama ass clown ,the more he opens his mouth the more pissed off I get
Oh yeah... Somebody from the other side of the aisle (Romney, Huckabee, Pawlenty) will *definitely* fix everything.
Gotta think outside the L-R false-choice two-bit bullshiat.
Aren't my Bama Bucks worth anything anymore?
Yes, they can be traded for troy ounces of fine silver or 22K Gold. You just need more of them today.
He loses in 2012 and I believe he already knows it. The arrogance is just stunning to me. Are there no adults in charge? Just silver spoon boy-men and harpies like Hillary and Nancy.
No, he doesn't. He is clueless, surrounded by the even more clueless.
Never underestimate the power of human stupidity.
Albert E. said it best: "There are only two thing infinite; The Universe and Human stupidity." Milestones
indeed. I agree totally, I can't wait for the GOP get in there and finish off Amerika and get the charade of the idea of representative government over with.
GOP already did that. That was the Set Up. Now its the Dems job to spike it over the net!!
Now that is a visual I never wanted.. Nancy Pelosi in a women's volleyball uniform!!
Think of sun, sand and Brazilians playing along and the sting (for a little while) goes away..
http://2.bp.blogspot.com/_AkiEEqkfKUE/TVAQRA3T8PI/AAAAAAAAByU/owqv_DTZku...
In a G-string and pasties, slathered with K-Y, Crisco or whatever that shiny stuff is they use, jumping all over, cheering;
"One for Bamma,
Two for Reid,
Three for Joey
And Four for me!"
God help us all.
Nitwits.
Ain't like there's an option anywhere else...
agreed sax, the arrogance is what burns me the most.
the reason why i try to get rid of frn's as quick as they find me - i'm afraid they will spontaneously combust and start a fire!
"the arrogance is what burns me the most" I agree totally .. but you didn't detect that with the last corrupt schmuck in office?
"No WMD's under this podium ... ha hahahah" while our military gets blown up occupying a foreign country overseas.
"No WMD's under this podium ...
How this country did not take a collective deep breath and RESET the whole power structure right then is beyond me. But, I project.
+1
"Sucking it in and Coping since Christmas Eve 2001"
yep. been sucking it in so long now i have 12 pack abs!
i guess next is 18 pack abs......
And if they glow remember, the O told us that it weren't ever gonna get to "our" shores....
"If you're complaining about the price of gas and you're only getting 8 miles a gallon, you know," Obama said laughingly. "You might want to think about a trade-in."
Oh great news. Obama is going to give up his 2 mile per gallon armorered cadillac and his 75 gallon per hour armored helicopter and his 600 lbs of fuel per hour 747. Because he's not going to be president hipocrit like every other president hipocrit in history.
Think you are off on the 747 usage, maybe a zero or two.
Fixed wing aircraft are very efficient but may be.
Fixed wing aircraft might be efficient (even with Michelle's butt on board), but a 747 burning above 4000 gallons per hour of Jet A, at just under 7 pounds per gallon, works out to about 28000 pounds per hour. Also, Air Force One never travels alone, so one must add in the fuel of the accompanying aircraft. Same for the helicopter, which always travels with an escort. Hillary, as well as any other Cabinet level official going international, gets at least a C-17, another thirsty one. Heck, even full bird Colonels and above get Lears, Citations or Gulfstreams. Incidentally, a GAO study found that the cost of gas, delivered securely, to the US military in Afghanistan is just under $400/gallon.
Yes, I'm a pedant, but I believe this data further enhances the point in your original comment. Imperial Presidency indeed.
"Gas prices? They're going to still fluctuate until we can start making these broader changes, and that's going to take a couple of years to have serious effect."
Uh oh what's he talking about here? When things really get ugly...
We've always had clueless, cloistered buffoons in the White House:
Bush still doesn’t know the cost of GAS [YouTube]
Obamas problem is, and why he will not be reelected, the situation with gas prices will become gradually but surely worse:
http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&start=0#p30486
At some point during this, people will start to join the dots between Obamas actions and resulting persisting oil price hike gradient. Price during elections will be back to 160-180 USD for Brent (not shown in detail on the chart).
Before that, oil etc will have driven the USA back into a stable recession in q1 2012, which will not increase his chances.
good gawd I hate it when ZH devolves into a chorus of whining.
Why don't we just print more money and buy more bombs and vaporize anything that threatens our entitlement to race around in giant machines. At some point you have to figure out how hollow and impotent it all sounds. right? Just like England right before the American revolution. Pull your heads out of the dark place k?
We can drill right here at home you dumbass
Thats two references.... let me guess, "Drill, Baby, Drill" was your high school alma mater...
Do you understand anything about oil? Do you know how many wells are drilled every month in the USA? 40,000....
10,000 are shutdown because they are dead...
The US has been pincushioned....deal with it...
I've never seen the junk fairy do such a thread carpet bombing before.
Is ZH turning into Marketwatch?
exactly - means the we're making an impact - smails, math man, hamy, and assorted sock puppets have been busy getting their junk-on to try and sway opinions out there
winner, winner, chicken dinner...
Almost every comment junked at least once.
I hope this place doesn't become like MW, but over the last few months, I wonder.
Many old members are gone, and I can really see why.
CogDis wrote on this topic some weeks ago.
Depressing really.
Who cares if an idiot junks you, screw them. I come here for the behind the scenes economic education from ZH and some of the 'just the facts ' contributors. Very few of the comments are worth reading ( including this one ! ).
but it can be amusing, you must admit...
I haven't even looked at nor noticed the junking until now. I guess you're just too sensitive.
They stick around but many prefer to watch from the wings. This happens in all rings regardless of what the forum's about...
"Let them eat a bus ticket..." - Barry Soetero, April 2011
"There are things you can do individually, though, to save energy. Making sure your tires are properly inflated — simple thing. But we could save all the oil that they’re talking about getting off drilling — if everybody was just inflating their tires? And getting regular tune-ups? You’d actually save just as much!"
Barry in full throated campaign mode.
And here I was all set to apply for a government subsidy and licensing to sell tire inflation vending & monitoring station franchises for every Post Office, grocery store & unemployment/welfare/food stamp office and college campus in the country ;-)
Inflation bitchez!
I want gas stamps on my food stamp card! Barack I love you man!
...and a House stamps...
back a couple of years ago, they couldn't give away a ford F350 superduty....
I'll take it. Vehicle like that can be really useful when Schmidt hits Fan..
"I'll take it. Vehicle like that can be really useful when Schmidt hits Fan.."
On survivalblog.com it's refered as the "Schumer" hits the fan
STILL waiting on a certified birth certificate, Barry Boi.
YOU will never see it, all 57 limberdick cocksucking STATE GOVERNORS signed off on his eligibility to be POTUS
Obama....kiss my grits!
Hi there, Flo and greetings to all the folks down at Mel's Dinner (Is that Dave Madden I see sitting at the counter?). OK, hit it, Linda!
"Going through life with blinders on, it's tough to see. I had to get up, get out from under and look for me!"
Barry really needs to shut his black fucking ass
I junked you guy. Not for your obvious low class, redneck racist comment - but because you left off the punctuation at the end. I'm a stickler for punctuation. You dick.
Clearly you don't enjoy buggery among black men. I know someone who does....;-)
Larry Sinclair: Obama's "Drug and Sex party limosine
http://www.youtube.com/watch?v=MceFVpJ-Gyc
Obama Sex Limo Rape
http://www.youtube.com/watch?v=sIklJxXCHzY
hey, I'm always up for some really bizarre shit, so I bit.... really cute stuff. Obummer's response: LMAO at yoo silly pipsqueak
What's he supposed to do?
Wag his finger and say, "I...never.. had sex with that man...not one time".
depends on what the definition of "had" is....
Something tells me you don't know what the definition of racism is...just a shot in the dark on my part ;-)
You said "dark".
LOL...yep.
He made a comment about someone being racist (apparently in his eyes) by someone else saying "black ass"...then goes on to talk about "red necks".
Yes...I realize all this color coding of body parts can get confusing...but I still enjoy the irony of it all ;-)
"Yes...I realize all this color coding of body parts can get confusing...but I still enjoy the irony of it all ;-)
+1 BIG BLACK ASS
LOL...people should be careful...a lot of my friends are big assed black rednecks...they might take offense and just stick a foot up some pretentious, Ivy League, scrawny little ass...we're funny that way around here ;-)
Damn. I junked him for the exact same reason. Man, I hate bad punctuation;
OK. You said your piece. Now clean the spittle off your monitor and back under the rock with ya.
EDIT: Thanks for the junks! Nice to know somebody cares.
We need to move to cng hybrids for cars and trucks and stop using gasoline altogether.
There is plenty of domestic natural gas available. If we only got 60-70 years from that it would give time for renewable energy to mature.
too much domestic natural gas supply reduces demand for a world government.
agreed grid, the politicians are full of natural gas. just sayin'.