One of the things that has always perplexed me is the way that Americans interpret costs at the gas pump. When gas it $4.00 a gallon people mutter, "That frickin' Bush" or "The Frickin' Obama." But when it drops to $1.47 like it did where I live recently (we paid $1.59 today), nobody ever mutters "Thank you Mr. President."
The fact of the matter is we all know that the President doesn't really have anything to do with gas prices. Or does he?
The fact of the matter is that President George W. Bush was once in the oil business and has lots of friends there. So things were kind of allowed, disregarded, and there was a bit of 'looking the other way' under his watch and gas prices soared. That may not be a fair 'cause and effect', but it deserves a thought.
However what does seem more concrete is our President's willingness to negotiate with Iran and therefore they desperately need to raise money fast, and to Hell with OPEC, they are flooding the world with oil in an attempt to raise funds quickly. It's good for me! And it's good for you.
So hate the President all you want, but we have already caught the Iranians in a lie. Naysayers will cry "See? They can't be trusted!" Or objectively you could ascertain that "Wow. We caught them. This is working." It's all about what party you're affiliated with. But the big deal is low prices at the pump.
Just enjoy the oil glut at the pumps this holiday season, because after all, don't we deserve it? We paid $1.59 today and that was in the high gas prices of the world, Belding. Belding is normally 20 cents higher. So there's that.
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