09-04-2012, 01:43 PM
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#7
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Living Legend
Join Date: Oct 2004
Location: chesapeake, va
Age: 60
Posts: 15,817
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Re: Democratic National Convention 2012
Quote:
Originally Posted by Giantone
Lets talk about this one right here!!!
Stop finger-pointing on gas prices - CNN.com
Now read.....
"Critics of the administration are quick to note that when Barack Obama took office, gasoline prices were $1.95 a gallon. But they neglect to note the U.S. economy was in a virtual depression. For purposes of comparison, when President George W. Bush took office in 2001, gasoline sold for an average of $1.55 a gallon. In the summer of 2008, his last year in office, prices exceeded $4.25. In reality, presidents have little to do with near-term fluctuations in gas prices." |
Great job CNN. If gas was $1.95 because of the depression how did they then get to $4.25?
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