Notice how the mainstream media ("state-controlled media") hasn't put out any stories on how the high gasoline prices (now creeping to $5/gallon with some areas already at $5/gallon) are causing suffering? Where's those "pain at the pump" stories that we saw during the Bush years?
In fact, some even put out stories on how good it is to have $5/gallon prices. What they are doing is trying to protect President Obama.
High oil and gasoline prices have a ripple effect on the rest of the economy. Higher prices for clothing, food and anything else that relies on transport are now taking hold.
There are several reasons for the current high gasoline prices. You only hear about the turmoil in the Middle East as the culprit.
Big Journalism.com has an article on the reason for high gas prices. According to the article, there are three reasons for high gasoline prices:
The real reasons are three-fold, with unrest in the middle east being the least of the three.
1) Devaluation of the dollar. The incessant printing of money by this administration began the rise of gas prices months long before the middle east blew up. I’m no Alan Greenspan, but I can figure out that if oil prices are tied to the dollar, and you print more dollars, the oil price will go up, up, up.
2) An energy policy that calls for less drilling for oil at home, not more.
3) Unrest in the middle east.
To read it, go here.
How's that hope and change working out for you?
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