Ahh, good times, good times ……
Here’s one story ….
WASHINGTON — It’s debatable whether President Bush has much to do with what companies charge for gasoline, but as prices keep rising, he’s paying a political cost.
“Gasoline prices drive the perception of the economy,” said Chris Barnes, associate director of the University of Connecticut Center for Survey Research & Analysis. “It makes people feel worse than they should.”
No matter how many jobs are created or how tame inflation remains, if people keep seeing signs screaming $2.10 or more for unleaded regular, they’re going to feel uneasy about the economy.
The White House knows the political danger. Last week, Commerce Secretary Donald Evans said the administration was seriously considering steps aimed at bringing down prices, and was clearly worried that the rising cost of fuel could dampen consumer spending.
Here’s another from the LA Times …
….. The current occupant of the White House isn’t seeking reelection, but Democratic presidential hopeful Sen. Barack Obama immediately seized on the gasoline issue, accusing the younger Bush of failing to understand the hardships ordinary Americans are facing as prices rise and the economy falters.
“When I hear George Bush say that he doesn’t think we’re in a recession, when somebody tells him that, you know, gasoline prices might reach $4 a gallon and he says, ‘That’s interesting. I didn’t know that’. . . . That’s a sign we have a Washington that is out of touch,” the senator from Illinois said to cheers and laughter from a crowd of about 2,000 at a campaign stop in Beaumont, Texas.
Obama’s rival for the nomination, Sen. Hillary Rodham Clinton of New York, expressed concern about fuel costs during a visit with two families in Pomeroy, Ohio. “We need to give more authority to the government to go after these oil companies to ask the hard questions,” she said.
Well, the average US gasoline price is about $3.70 and going up. Where’s the media? How come they’re not hammering Zero over the prices?