Bachmann’s Got (Cheap) Gas
We praised U.S. Rep. Michele Bachmann recently for taking a gutsy position on entitlements … but she may have placed herself in a box with her recent promise regarding America’s gas prices.
“The day that the president became president gasoline was $1.79 a gallon,” Bachmann told a crowd in early-voting South Carolina this week. “Look what it is today.”
“Under President Bachmann you will see gasoline come down below $2 a gallon again,” Bachmann said. “That will happen.”
Wow … how exactly does Bachmann plan to pull that off?
She didn’t say … but our guess is that her plan (assuming she ever offers one) will involve expanded domestic production, which is something we obviously support. Now … whether that’s actually going to drive prices down remains to be seen, but it certainly isn’t going to hurt. And it’s something America needs to do anyway … if for no other reason than it will create jobs and make our nation more self-sufficient.
U.S. President Barack Obama was blasted for his energy policies earlier this year by Sarah Palin.
“His war on domestic oil and gas exploration and production has caused us pain at the pump, endangered our already sluggish economic recovery, and threatened our national security,” Palin said.
Obama countered by claiming that his administration had increased domestic oil production in 2009 and 201o.
“Any notion that my administration has shut down oil production might make for a good political sound bite, but it doesn’t match up with reality,” Obama said. “We are encouraging offshore exploration and production.”
Critics pounced, arguing that Obama was taking credit for the result of policies implemented during the administration of former president George W. Bush. They also noted that Obama’s ban on offshore drilling and refusal to ramp up exploration efforts will result in domestic production dropoffs in 2011 and 2012.
Since then, Obama has released a record 30 million barrels from the United States’ strategic petroleum reserve – a move that was panned by fiscal conservatives.
“”He’s trying to be the wizard behind the curtain in ‘The Wizard of Oz,’” U.S. Sen. Jim DeMint said. “He’s trying to control our economy from Washington. That’s not how it works.”
According to AAA’s daily fuel gauge, the average price for a gallon of regular unleaded is currently $3.58. That’s down about ten cents from last month – but up nearly a dollar from this point in time a year ago. Obviously, high gas prices impacts people’s travel plans … which has a disproportionately negative impact on a state like South Carolina, which relies on tourism dollars to fuel its economy.