If gasoline isn't at $2.20 by January 2012, Obama's reelection is in jeopardy

[derby378]

It would take too long to explain all the factors, so I'll just state that what was true for Bush, Sr. is also true for Obama: It's The Economy, Stupid!

Obama has ended DADT. Obama and SEAL Team Six get credit for the death of bin Laden. Obama prevented the Big Three automakers from going under and turning Detroit into the nation's largest ghost town. But the economy is still stuck in the mud, gas prices are still abominable, and nobody seems to be hiring. These factors are all working against Obama and must be dealth with now.

[The Velveteen Ocelot]

1. Why $2.20? What if it's $2.25, or even $2.30?

[bbinacan]

5. What if grandma had balls?

Good damn grief. What's your point? :eyes:

[The Velveteen Ocelot]

7. If my aunt had wheels she'd be a pastry cart.

I'm just wondering where that apparently arbitrary number came from.

[bbinacan]

10. I don't think you got the joke,

the rest of it is "she'd be grandpa".

[Bucky]

18. My grandma, rest her soul, had balls, dammit, and I resent your tone, sir!

And she made me the best damn Christmas stocking I ever own with those balls!

[bbinacan]

44. I love it.

:toast:

[Broderick]

2. You will see a sizable

shift downward on fuel prices in the next 3 weeks. I say 3 dollars is palatable, and his re-election chances are great if it can get below that.

[derby378]

13. $3 is where we were in the summer of 2005

Hurricane Katrina was to blame for much of that, but we are still critically short of oil refineries, which is one reason gas prices have remained so high for so long. Bush never got around to encouraging new refineries to be built, apparently because he loved the obscene profits he and his cabal were reaping.

[Broderick]

22. My feeling

get Wall Street out of the futures business on commodities. If it is predicated on the barrel price, so be it. There has to be a way to control that. Letting the rest be handled by guys in suits behind desks playing with other people's money is too much a detriment to the economy. How do I know? I saw the Raac pricing flip dimes back and forth last week, up 23, down 26 after being up 16 and down 13. My figures aren't exact, but I watch it every day cause I have to. It is bullcrap compared to the viable price based on the barrel. The loser? The American people. Just my opinion.

[graywarrior]

3. Hardly

[TheCowsCameHome]

4. Around $2.60 - $2.75 should do it. n/t

[Cali_Democrat]

6. I don't know where you got the exact $2.20 figure, but I generally agree with your post

The economy fucking sucks, PERIOD. Anyone who tells you otherwise is only trying to polish the turd.

We needed fundamental structural reform of the economy since the 2008 debacle and we got none of that. In fact all we got was more tax cuts for the wealthy, money printing and attempted bubble inflation from Helicopter Ben.

The whole thing is a house of cards ready to collapse.

[Beaverhausen]

8. Bush Sr. ran against Clinton

The GOP will have to come up with some amazing candidate in order to beat Obama.

[derby378]

15. Hate to say this...

...but Bush Jr. "beat" Gore in 2000, and everybody and his dog knew Bush Jr. was a piece of shit. Gore's campaign may have lacked luster, but he was clearly the superior candidate.

The GOP doesn't need an "amazing" candidate. They haven't had an amazing candidate since Eisenhower. All they need is a schmuck.

[Beaverhausen]

20. Bush Jr. did not beat Gore in 2000

I stand by my statement. Seriously, which of the GOP candidates do you think will beat Obama?

[derby378]

25. I used quotation marks, B :)

You and I both know Bush Jr. stole the election, no debate there. The GOP candidate who might stand a chance of defeating Obama is the one who hammers him the most on the economy, calling for drilling anywhere we please and saying "Fuck the polar bear, we want Alaskan oil" during the 2012 Republican National Convention. Not saying he'd defeat Obama, but if gas prices do not stabilize and decrease, it's gonna be a big club with which he'll beat Obama about the head and shoulders.

[Warpy]

9. Why do you think the Koch brothers (who admitted it) designed the plan

to create a big fat commodities bubble in spot market oil?

The irony is, as always, that the rich do better with Democrats in office no matter how much they're paying in taxes.

[Laura PourMeADrink]

21. thanks...spot Market

Investopedia explains Spot Market
1. The spot market is also called the "cash market" or "physical market", because prices are settled in cash on the spot at current market prices, as opposed to forward prices.

2. Crude oil is an example of a future that is sold at spot prices but its physical delivery occurs in one month or less.

[Arkana]

11. Ahahahahaha what?

What on earth do gas prices have to do with the economy?

[Cali_Democrat]

14. High gas prices tend to hurt consumer spending

Slower consumer spending typically results in lower economic growth for a consumer-driven economy like the United States.

[maxsolomon]

19. Gas prices ARE the economy. THIS economy.

transportation costs = surcharge on all economic activity, especially food.

But most likely we'll be used to $3/gallon by Nov 2012. $4 would be a problem if the GOP had anything but clowns to put up against The Man who killed Osama Bin Laden.

[obxhead]

30. Everything.

We use petroleum for our own personal trans, freight trans, petro chemicals.... The list goes on and on.

When oil goes up, EVERYTHING else we use goes up dramatically.

[abelenkpe]

12. It's 4.50 here.

And I don't think it's been under 3.50 for years. Where is gas under 3.00?

[The Velveteen Ocelot]

16. It went down here. $3.87. Still too damn high.

[Laura PourMeADrink]

23. think they are saying....NEEDS to be under $3.00 for O to win. nt

[LAGC]

17. Why settle for only $2.20?

If research into algae-based biofuels pay off, there's no reason we can't see $1/gallon gasoline again.

We need to dump more $$$ into R&D pronto!

[SDuderstadt]

24. If Levi's 501's aren't below....

$40.00 by the election, there is no way he can beat a grossly inferior Republican candidate!

[derby378]

26. Snarrk if you like, but it takes gas to get those Levis to your market

Price of gas goes up? That means the price of those Levis goes up. Corporate HQ isn't gonna let a little thing like rising gas prices cut into their bottom line.

[SDuderstadt]

28. In that event...

they only have to go down to $41.50 and he's a shoo-in.

[Warren Stupidity]

27. january 2012?

So the next 11 months don't matter?

[jp11]

29. There's more to it than that but it would help

assuming nothing else became a bigger issue like an official 15%+ UE rate.

Here's a link for prices in the US, options for periods up to 6 years back are available.
http://gasbuddy.com/gb_retail_price_chart.aspx

[SDuderstadt]

31. If movie tickets aren't below $5 by the election...

Obama is toast!

[Initech]

32. It'd be impossible to do unless he takes oil out of the commodities market.

And then the speculators and CEOs would be pissed at him.

[FrenchieCat]

33. I say get them under $1.00 or he's gone!

And then, the Republicans can do their thing! Yeah! :applause:

[elocs]

34. "Dealth"? I thinkth thou doth useth olde English. n/t

[Fumesucker]

35. Here's the problem as I see it..

If the economy improves then demand for gasoline will increase, driving up the price of gas which will then slow the economy again.

The only way out of this I see is alternative energy but that's years away at absolute best and far more likely a decade or three.

It's going to take real vision to get America out of the ditch.

[Broderick]

40. Take the suits out of the equation

[Fumesucker]

41. I wish..

[Broderick]

43. +1

[saras]

36. If the world behaves sensibly, gas will NEVER AGAIN be that cheap

[BoWanZi]

37. There aren't any opponents worthy of being able to beat Obama at this time

I wouldn't even worry about it. Obama can win just because the repubs have no one worthy to put up against Obama.

[RagAss]

38. Gas will never go below 3.50 in our lifetimes.

[littlewolf]

39. even more then the price of gas ... if unemployment

is above 8% ... President Obama is in trouble ...

[DCBob]

42. non...

sense!