Bachmann: I'll get gas under $2

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Politico:
Bachmann: I’ll get gas under $2
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  	 			 				 				Americans will save at the pump if Michele Bachmann is elected president, the Minnesota Republican said Tuesday.
“The day that the president became president gasoline was $1.79 a gallon. Look at what it is today,” she said at an event in Greenville, S.C… “Under President Bachmann, you will see gasoline come down below $2 a gallon again. That will happen.”
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The average price for a gallon of gasoline is currently $3.58 per gallon, according to AAA.
Bachmann didn’t detail how she would cut the price of gasoline, which is tied to the global price of oil. She briefly mentioned the prospect of oil shale development in Western states and has been an active proponent of increased domestic oil drilling, including in Alaska’s Arctic National Wildlife Refuge.
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What a moron.
 
  1. She is not my favorite candidate
  2. She is absolutely right. If we started drilling, the price of gas would drop. Some economists say as low as $1.50
  3. I think calling anyone names as you have done is against Community Standards. FWIW
 
Luigi_Daniele said:
  1. She is not my favorite candidate
  2. She is absolutely right. If we started drilling, the price of gas would drop. Some economists say as low as $1.50
  3. I think calling anyone names as you have done is against Community Standards. FWIW
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👍👍👍 (1 for each point)
 
Someone should explain to her that the government has no legitimate role in influencing prices in anyway. The price of oil should be set by the market, whether it is $2 a gallon or $20 a gallon the government needs to stay out and let the market work. This is just pure marxist pandering.
 
stinkcat_14 said:
Someone should explain to her that the government has no legitimate role in influencing prices in anyway. The price of oil should be set by the market, whether it is $2 a gallon or $20 a gallon the government needs to stay out and let the market work. This is just pure marxist pandering.
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Nope. She is not advocating the government "do something:, but rather “undo something”. That something that needs to be undone are onerous rules and regulations that prevent us from drilling here, so we don’t have to depend on Arab oil (or Venezuelan, for that matter).

Gas prices would drop, as would unemployment when all the drilling jobs kicked in (very good paying jobs, BTW).

To be clear, I absolutely agree with you that the government does most stuff very poorly. Bachmann is asking governmentto get out of the way, though. 🙂
 
stinkcat_14 said:
Someone should explain to her that the government has no legitimate role in influencing prices in anyway. The price of oil should be set by the market, whether it is $2 a gallon or $20 a gallon the government needs to stay out and let the market work. This is just pure marxist pandering.
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…

If the title of the thread where “Obama: I’ll get gas under $2”, I would understand your post.

But it’s not, and I’m scratching my head as to how you came up with it.
 
bbarrick8383 said:
…

If the title of the thread where “Obama: I’ll get gas under $2”, I would understand your post.

But it’s not, and I’m scratching my head as to how you came up with it.
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Why would a politician talk about lowering the price of something when the government should have no role whatsoever in influencing prices?
 
stinkcat_14 said:
Why would a politician talk about lowering the price of something when the government should have no role whatsoever in influencing prices?
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Luigi’s last post explained it.

It’s not about what she will do. But what she won’t do that someone like Obama would. Getting the government out of the way is doing something, just as much as using government to impose regulations and ban drilling.
 
While I don’t agree w/ the President on moral issues and I vote pro-life, I do believe President Obama has better a foresight of how to control energy costs through efficiency, alternatives, and technology than those who say “drill baby drill”.
 
stinkcat_14 said:
Why would a politician talk about lowering the price of something when the government should have no role whatsoever in influencing prices?
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From what I read (the excerpt in the OP), she didn’t say she would lower the prices. She said “you will see lower prices.”. As already explained, government regulation does have an influence on prices, so your statement about government’s role is false.
 
meltzerboy said:
Although I may disagree with many of her economic and social conservative policies, Bachmann is no moron. This is simply an example of political pandering which mostly all candidates do.
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What I find interesting is that everyone howled about the gas prices during Bush’s term. The Democrats pointed their fingers directly at the president. They criticized him for not doing something about it. Prices double under Obama, and there is nary a peep out of those folks.
 
Luigi_Daniele said:
  1. She is not my favorite candidate
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Good. I’m shocked that she is a candidate at all.
  1. She is absolutely right. If we started drilling, the price of gas would drop. Some economists say as low as $1.50
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Who?
Even if we opened up all US reserves & removed all obstacles it would take years for that oil to hit the market. In addition, the real bottleneck is refining capacity rather than oil supply.
  1. I think calling anyone names as you have done is against Community Standards. FWIW
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I always took that to refer to namecalling fellow forum members.
But to clarify: Ms Bachmann is either a complete moron or cynically lying to persuade voters (nothing new for presidential candidates, sorry to say).

But why someone who claim to believe in smaller gov’t and the free market would say such a thing is beyond me.

Somewhere I’m sure she knows any President doesn’t (and shouldn’t have) much power to steer the economy, much less down to things like the price of gas. Likewise, having just been thru the budget/debt ceiling fight I’m sure she know none of her proposals will survive contact with Congress.

PS – one way to get $2/gal gas would thru massive deflation. I am afraid that we might get cheap gas that way as Pres. Obama’s parting gift.
 
didymus said:
Even if we opened up all US reserves & removed all obstacles it would take years for that oil to hit the market. In addition, the real bottleneck is refining capacity rather than oil supply.
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A small group of young Americans drilled 100 wells in one year in the middle of Sherwood forest while Hitler was bombing around them.

I work with a company that has four drilling rigs going 24/7.

Once a tank battery has been established and the well is drilled, it’s oil can be tied into a line and either trucked or pumped to a refinery within a month of it’s completion.
 
mark_a said:
While I don’t agree w/ the President on moral issues and I vote pro-life, I do believe President Obama has better a foresight of how to control energy costs through efficiency, alternatives, and technology than those who say “drill baby drill”.
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It’s funny to say the least that anyone believes any President, especially Obama who has zero background in the energy field can “control” energy costs.

He can make them higher, but he can’t make them cheaper. And he doesn’t even know it.
 
Leaning on OPEC would do a great deal. We haven’t had a real leader on virtually any of these issues in a long time.
 
mark_a said:
While I don’t agree w/ the President on moral issues and I vote pro-life, I do believe President Obama has better a foresight of how to control energy costs through efficiency, alternatives, and technology than those who say “drill baby drill”.
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And how’s that working out?
 
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