Crazy Michelle Bachmann claims she will lower gas prices to < $2.00 per gallon. This is an insane statement, she cant do this, a capitalistic government cannot control gas prices. Any person who believes this crazy promise is smoking dope.
I'm thinking that her intent is to pull back government, government regulation, government restrictions, allow expanded drilling, exploration....that type of thing. Just the rumor of pulling back government intrusion will bring down prices.
What an all-capitalist society can and would do once this socialist government gets replaced in 2012 is to drill baby drill and to refine baby refine--all on American turf to where foreign competition and dependency on our oil supplies will all but be a thing of the past. So once this happens it will make the darling Michelle look like the genius that she is in that our gas prices will drop to at least as low as they were when George Bush was in office. Need a light for your left joint?
In the same way that he didn't force the price up because if artificially introduced it would not have risen simultaneously in other countries, she will not be able to reduce the price either.
and the minimum wage was $1/hr when he took office too. a gallon of gas was 29% of the hourly minium wage, now it's 52.4%. Obama and his morons in Congress FUBAR'd that ratio up on an epic scale. no wonder nobody has a job! nobody can afford to get there!
Sure she could..REDUCE THE TAXES that the federal government collects ( A UNION construction deal) Those European countries all charged a HUGE tax in a un fair Government controlled attempt to shape and influence free market decisions. Freeing up regulations allowing expansions of existing refineries would let the AMERICAN public open up and live again. Or at least be able to heat our homes this winter.. instead of giving millions in subsidies to sun powered failed business models... and their VOTING BLOCK. Imagine refineries from Ft Worth to El Paso.. I can..no big deal. Instead of tiny rural towns boarded up and closing down.
the American market drives global prices. no other country comes close to sheer volume and the only one that uses more per capita is the Kingdom of Saudi Arabia. <----and that's only because they have oil fired electrical generation plants left over from the 1940s.
As the Federal tax on a gallon of gasoline is about 19 cents and I assume the President has no control over State applied taxes, it doesn't go that far to achieve the claim of under $2 a gallon.
My answer to high gas prices is to nationalize the entire petroleum industry in the US and Canada - we control jointly over 50 % of the worlds production and acoount for about 75 % of global use. Nationalize and set a price using the profits to drill for more oil and invest the rest in capital. I say f*** Exon, BP, Shell, PetroCan, Suncor, and ll the other money grubbing Oil Companies. They suck us dry and hold us to ransom.
So what, who cares about Amtrak? I care about being screwed by giant blood sucking oil companies that do nothing but take, take, take and give nothing back.
Nationalisation produces a take it or leave it culture with government employees calling the shots. The fastest way to reduce the industry to a shambles is to nationalise it. You and I for that matter, may not think too much of that industry but it makes gigantic profits (which IMO are not distributed in the proper manner) but having lived in the U.K. when Gas, Electricity, Water, Railways and Public Transport and other businesses were in that situation, it wasn't the consumer who benefited, that's for sure. Much the same exists in Quebec with Hydro Quebec. An example would be the necessity of cutting trees close to power lines. Hydro insist (and probably have the legal power) on cutting them and in my case want over $600 to remove three of them, one of which is dead. We have a local woodcutter (for want of a better term) who has been in the business for over 30 years who has offered to do it for free as he can make money by cutting and selling the wood afterwards, but Hydro Quebec will not only not entertain the idea but have threatened actions if anyone other than them do it. Just one example of a nationalised industry.
Best be careful. Mrs. Palin took on big oil, and won. Just keep your head down, it aint pretty when Goliath hits back.
Based on the comment below it isnt advantageous to discuss this matter with you. Im shocked at your total lack of knowledge on the subject. Shocked but not surprised. Who was it that said "Ignorance is bliss" ?
it's an example of nationalization and how effective government is. they lose $32 a passenger. what kind of shape do you think our finances will be in if AmOil loses anything close to that on every oil consumer?
For FUN ..let's substitute Obama for Bachmann ..and see what we get. Crazy Obama claims he will raise gas prices by $ 2.00 per gallon.This is an insane statement,he cant do this,a capitalistic government cannot control gas prices. Any person who believes this crazy promise is already smoking dope and more than likely a Democrat.( sorry I added that last bit ). We already know a president can influence gas prices..now its time to influence then in a positive direction.
Your take on high gas prices is no different than any other liberal here. Libs like yourself feel deeply hurt that those entities that make $$ do not share or redistribute their $$ in a fashion that pleases you. Well boo-hoo, shed me a few more tears why don't ya, the oil companies are not in business to pacify you bleeding heart liberals. How would you propose the oil companies distribute their $$ gains? Perhaps we should hold them up at the point of a gun to where they would have to redistribute say 50% or more of their profits to our government, where in turn Uncle Sam will filter some of that out to the non producing poor of our society. So is outright socialism, theft and redistribution your plan to punish the oil companies and hopefull result in bringing down our gas prices at the pumps?
Well, I'm thankful for that. Perhaps you can list your vast experiences of nationalisation so that we may all obtain the benefit of your knowledge.
No jesting at all. There is a very good reason she had like an 85% approval rating as Governor. She clipped the oil guys money to give to the people of Alaska...brilliantly I might add. The machine rolled out against her, and for good reason. Someone who can't be bullied and knows the game, can't ever be allowed to get a seat in the big chair in Washington...and come to think of it, the titantic grass roots movement supporting her best get the same incredible vitriolic smearing.
Guess you don't see how politicians suck us dry....Guess you don't see government as money grubbing...... Your trust in politicians is very liberal.
I see a point being made.. Lets take 1 oil company.. a weak one ( GM )..Nationalize it ..and see what happens.. Let the government set the price..run the company UNION IF IT WANTS..play by the same regulatory rules and see what happens. Maybe put Al Gore as CEO..
