Tuesday, March 27, 2012

Obama Is Getting Paid Back For Pretending To Superman

This article makes fun of Obama by claiming that his energy policies, which advocate the use of alternative energy sources, have landed him in a jam. He is now being blamed for rising gasoline prices by the GOP, and he defending himself by arguing that the high prices are due to market forces. The author jokes that even superman cannot repeal the law of supply and demand.

I don't agree with the premise of this article that Obama played superman and he is now paying the price politically for rising gasoline prices. He understood that his energy policies would only have a long term impact on prices. He also understood that it would political suicide to increase gasoline taxes in recession. In fact, one of Romney's economic advisors has been an advocate of using gasoline taxes to reduce demand for fossil fuels. HIs position is clearly stated in this article. Romney, of course, is not going to commit suicide either.

So what is the point of this article? Neither candidate is going to take the risk of using the most efficient method of reducing gasoline consumption. It is simply an effort by a conservative journalist to make fun of the president.

No comments:

Post a Comment