When gas prices hit $4 a gallon in 2008, candidate Barack Obama said it was due to previous failed energy policies. Now that prices are heading still higher, President Obama calls it progress. – IBD

 

From Investor’s Business Daily

 
EXCERPTS:

Already, pump prices are higher than they’ve been in previous years, suggesting they will top $4 soon and possibly reach an unprecedented $5 this summer.

President Obama is starting to notice the political implications. So he sent Robert Gibbs — now a top campaign adviser — out to tell the public not to worry.

 

Obama, in fact, has made it clear for years that he has no real interest in boosting domestic production.

When President Bush announced plans in 2008 to lift the moratorium on offshore drilling, Obama dismissed it, saying “it would merely prolong the failed energy policies we have seen from Washington for 30 years.”

 

Instead of aggressively expanding oil production, he offered a set of ridiculous alternatives — hugely wasteful “green” energy subsidies, a call for a million electric cars by 2014 and costly fuel economy mandates that won’t make a dent in consumption for decades.

FULL ARTICLE

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