Thursday, July 08, 2010

Obama logic: twisted; Obama economics: skewed

Fact: the Cubans, Chinese, Russians, Angolans, Vietnamese and Spanish are going to be drilling off the Florida Keys.
Meanwhile we have a moratorium on our drilling in our very own waters.

It's supply and demand: When the supply is artificially made scarce by an intervening invasive government, the demand curve, which does not change, will push the price skywards.

Maybe that's what Obama wants, except he wants the price of gasoline to skyrocket, not now, but after November, so that he can blame the new majority of Republicans in the House, and perhaps the Senate when they win in a landslide election.


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