Obama, GOP Spar Over Gas Prices

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"When will we end the subsidies where we take money from the people who get educated and work to achieve and give it to people who would rather live off the system than to be productive members of the economy? "
I guess you want to get rid of entitlement programs all together then? And i guess you would disagree with the fact that investing in people has major returns for our economy.
I don't even have to dissect the rest of your comment as it all follows a very simple formula where you oversimplify an issue. However, reality isn't so simple, and in doing so you end up calling a whole section of our population "people would rather live off the system." I don't think people who collect on welfare are necessarily free loaders, although many republicans would like you to believe that.
And about your electric car comments. Lemme guess, global warming is a lie? The fact is, if we don't do anything about global warming, nations like india and china are going to industrialize using coal and oil, meaning the drivers for global climate change are going to...i dunno, double? triple? It's amazing to see a world leader ACTUALLY doing something to address this global crisis which will necessarily have a greater impact on people with less money (because they can't pay to move to new areas or to adapt to the changing climates).
take all your unfounded bias and go back to the tea party express

Someone who reads of IL 1:45PM April 27, 2011

I completely agree that oil subsidies...all subsidies for that matter, should be ended. However the price of gas is an illusion. Gas has never been so cheap when using sound money. Gas prices have not kept up with other commodities. You can cash in a pre-1964 dime that has actual silver for fake Federal Reserve Notes and buy a gallon of gas. A dime. The Federal Reserve has destroyed our currency. The reason we constantly are adding poor and old folks to the massive amounts of people needing assistance in this country is because the Federal Reserve, using counterfeiting, are stealing the value of money from these groups by giving newly printed money to the banks and large corporations for them to spend before the inflation is realized. Poor people are left with higher prices for years before they see any wage increases and the purchase power of retirees' savings accounts are diminished making them unable to take care of themselves even though they saved their whole lives. It truly is evil.

AustinDave of TX 1:42PM April 27, 2011

It's all smoke and mirrors... I know someone who was once asked what he wanted the price of oil to be the next day... just so someone in the oil industry could demonstrate his power. Sure enough, the closing price of oil the next day was the price my friend gave.
They have a saying among the senior leaders in the oil industry... when gas prices go up a penny, the wives all get new furs and diamonds.
If you really look at it, over the last 30 years the oil supply has never waivered. We have ALWAYS had sufficient oil supplies. Gas prices have only risen due to SPECULATION... not supply or demand. Plus, if it was a lack of supply from the Middle East that caused prices to rise, how come gas prices went up at the companies who don't rely on oil from the Middle East? It's because of two small words... price fixing.
We are at a point now where the government needs to step in and regulate gas prices. Gas has become a necessity, just like electricity and water. If the politicians in Washington don't want to do something about it then we need to elect someone who does.

James of FL 1:33PM April 27, 2011

A basic economic term is "elasticity". When beef prices are too high,,,consumers look at chicken or pork. When gas prices are too high, consumers cannot go elsewhere for a substitute product. Non elastic. The oil companies can charge what the consumer can bear to pay rather than the true value of the product.

chesterdrawers of KY 1:28PM April 27, 2011

When will we end the subsidies where we take money from the people who get educated and work to achieve and give it to people who would rather live off the system than to be productive members of the economy?
When will Obama learn the facts? Alternative fuel / energy costs more to produce than fossil fuel. That is why we do not have more alternative fuel / energy. Obama's fixation on alternative fuel / energy only means we will all pay more for energy. That is NOT a good idea in the face of high energy prices.
Obama must also learn alternative fuel vehicles are not practical for most Americans. This is especially true of electric vehicles. Until an electric car has a range similar to a gasoline powered car, can be recharged in the time it takes to pump a tank of gasoline, and recharging stations are available as much as gas stations, most American can not and will not buy an electric car. It is that simple. Meanwhile all of the government subsidizes and tax breaks for these cars will COST THE REST OF THE AMERICAN PEOPLE MONEY!
Obama wants high gas prices because he thinks we will all run out and buy electric cars (with huge tax credits of course). Then he can tell his base how wonderful he is when he is out campaigning instead of working to implement the will of the American people.
Obama plans to spend $1 billion to get elected for a second term. If he was doing a good job would he need to spend even close to that amount? If that does not clearly indicate something is very wrong with our government, I don't know what does.
Until we get him out of office, Obama will:
* Spend $1 billion to buy back a job he has failed miserably at.
* Attempt a huge tax increase on the people who create jobs and economic growth so they will send even more money out of the country.
* Continue to take money from the people who get educated and work to achieve and give it to people who would rather live off the system than to be productive members of the economy.
* Regulate and tax business so that cannot possibly compete on the world market.
What people need to know is we are destroying our economy with massive public debt, the huge amount and complexity of government regulation combined with the huge amount, number, and complexity of taxes.
We must continue to VOTE THEM OUT!!!

AngryMobVoter of PA 1:28PM April 27, 2011

what happened to price freezes to protect our economy?all we ever hear about is the debt .we never hear about what the govt takes in.the rising fuel prices hurtsus all.wise the hell up oil ceos.

lawrence karns of MI 1:26PM April 27, 2011

This is a free market issue at heart. Investors are the new cartel. Even the OPEC cartel wants oil at around 80$ barrel. Anything higher reduces demand for oil and reduces their sales. The FTC should be protecting everyday people from the investor cartel. Oil/gas futures speculators don't take delivery, only buy and then hope the middle east blows up so there is an excuse to bid it higher and then sell. There is no oil supply shortage, supply is high but oil is still overpriced so that is contrary to the free market. No employment or housing recovery until investors cornering the oil/gas markets are addressed. Obama is in the investment banker, pension fund (union), green conservation camp so he may not be able to help on this one.
Its a slippery slope because businesses have to consolidate in order to raise prices to overcome gas prices. This is evidenced by the airlines. It creates barriers to entry, hurts small businesses, it hurts everybody but this guy:
http://nymag.com/daily/intel/2009/04/citigroup_andrew_hall_needs_a.html

mpowell of ME 1:10PM April 27, 2011