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Feb. 8, 2013
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Jewish World Review
March 19 , 2012/ 25 Adar, 5772
Gas Pains and Debt Bombs
By
Arnold Ahlert
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http://www.JewishWorldReview.com |
Democrats are very sanguine regarding president Obama's re-election chances. Yet two economic issues could derail Mr. Obama. One is fraught with delicious irony, and remains in the forefront of the news. Yet issue number two, despite its far more serious implications, remains largely under the radar.
Issue number one? Gas prices. As in rising gas prices that give Americans the kind of heartburn they could take out on the president in November. It is an issue that withstands virtually every attempt at demagoguery, coupled with factual "embellishments," for which this president is famous. In short, it doesn't matter what Mr. Obama and his cohorts in the Democrat party and the media try to foist on the public regarding the economic "intricacies" of world oil prices, Japanese tsunamis, or Middle East war. Every occasion one goes to the pump and witnesses the next "record" sum it takes to fill up one's gas tank, becomes an ongoing reminder of this president's worldview, and his determination to see energy prices "skyrocket."
As the saying goes, be careful what you wish for, you might just get it. Mr. Obama, along with his equally obtuse Energy Secretary, Steven Chu, best known for his desire to have Americans paying Euro-level gas prices of $8-a-gallon or more in order to "wean" American off of fossil fuels, are indeed getting it. And not just $4-per-gallon. There are areas in the country where gas has already hit $5-per-gallon, even as the Democrat-media complex continue to tout a recovering economy. This brings up one of those simple economic questions that most Americans can answer: has there ever been a time in this nation where rising gas prices have been coupled with an economic upswing?
As for delicious irony, this is where Democrats get, as Shakespeare put it, "hoist by one's own petard." Here's a small sampling of quotes by some of the very same Democrats now insisting that oil prices, hence gas prices, are beyond the president's control:
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Nancy Pelosi (D-CA) 2008: "The price of oil is... is attributed to two oil men in the White House and their protectors in the United States Senate."
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Charles Schumer (D-NY) 2006: "Had George Bush had his hands around the problem when he first took office, the price (of gas) would not be $3-a-gallon, but $2-a-gallon, or $1.80-a-gallon, or $1.50-a-gallon."
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Hillary Clinton, 2008: "One of the great indictments I have of George Bush is that he's injected a strain of fatalism into our country's bloodstream...What do you think a hundred-dollars-a-barrel of oil means to our economy?" (oil is currently $100.07-per-barrel)
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Not to worry. A Saturday New York Times editorial sets the record straight: "The issue of gas prices has not only been misunderstood but thoroughly distorted by relentless ideological spin from industry and its political allies, mainly Republican."
Where was the New York Times when Democrats were "educating" the public with "relentless ideological spin?" Nowhere. As a result, that public education has proven enormously successful: the Democratically-demagogued albatross of high gas prices now hangs around the president's neck, irrespective of economic reality. Because Democrats and their media allies "thoroughly distorted" the issue when it suited their purposes. Toss in a Democratically-abetted, unionized public school system that turns out economic illiterates year in and year out, and you have the prefect storm of self-inflicted payback.
Yet the bet here is that, if the timing works out, the other far more serious issue could spell the end of Obamnomics. That issue is the debt ceiling, and once again the demagoguery by the mainstream media is appalling. First, the issue itself. Despite the "cleverness" of Democrats last August, who thought that the deal reached by the Super Committee kicked the debt ceiling can down the road past the 2012 election, there's real chance Congress will be faced with whether or not to raise the debt ceiling again prior to the election. If that happens, Mr. Obama will have to explain how America burned through a trillion dollars far quicker, or as our intrepid leftist economists like to say, "unexpectedly" quicker, than previously anticipated. At that point even the most inept Republican candidate could make a viable case against a president and an administration that has blown through more money faster than any administration in the history of the republic, perhaps even more money that all the previous administrations combined.
As for the media, they will once again attempt to cover for the president and Democrats just like they did the last time, when they asserted that the imbroglio surrounding the debt ceiling negotiations precipitated the first drop ever in America's credit rating. That is an abject lie. Negotiations don't engender a credit downgrade. The fiscal recklessness embraced by Democrats does. It is a recklessness epitomized by Treasury Secretary Tim Geithner, who told a House Budget Committee on February 16th that president Obama's fiscal year 2013 budget would "put the U.S. on an unsustainable course" if enacted.
"We have millions of Americans retiring every day, and that will drive substantially the rate of growth of health care costs. You are right to say we're not coming before you today to say we have a definitive solution to that long-term problem. What we do know is, we don't like yours," Geithner said, referring to Paul Ryan's (R-WI) fiscal proposals.
Got that? We have nothing, but because we don't "like" what you've got, we'll let the country go to hell in a handbasket.
Of course it behooves Republicans to hammer this message home whether or not the debt ceiling become an issue prior to the election or not. Coupled with gas prices, it is precisely the kind of one-two punch that could take out the most fiscally destructive president this nation has ever endured. Will they do it, amid the inevitable cries of racism that will accompany any criticism of this president? If they can't or won't, their standard-bearer deserves to lose the election.
Unfortunately, it is a loss from which this nation might never recover.
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Comment on JWR Contributor Arnold Ahlert's column, by clicking here.
Previously:
03/12/12: Israel Under the Bus
03/05/12: Baby Steps Down the Road to Depravity
02/27/12: Debasing Our Military, One Politically Correct Moment After Another
02/20/12: The 'New Normal' of Rampant Illegitimacy
02/13/12: Sandwiches or Freedom?
02/10/12: Progressive Obsolescence
02/06/12: Safeguarding Kids No Match for Following Procedure
01/29/11: 2016: R.I.P. GOP
01/26/11: Obama's Happy Talk Versus Bernanke's Action
01/23/11: South Carolina Goes for the Media-Masher
01/17/11: Nuking the Strait of Hormuz?
01/09/11: Coercion and Incentive Are Not Interchangeable Terms
01/06/11: Will We Retire Obama --- or the Constitution?
01/03/11: Dumb -- or Disabled?
12/27/11: Islamists Celebrate Christmas
12/19/11: A Deficiency of Decency
12/16/11: Better a A War On Whiners Than Christmas
12/12/11: Anybody But Obama
12/07/11: Connecting the Feckless Foreign Policy Dots
12/05/11: Can We Keep Our Republic?
11/28/11: Cyber Crack-heads
11/21/11: Water Water Everywhere, But Not a Drop to Think
11/18/11: Walking along Avenue J(ew)
11/09/11: Military Scandal, Media Blackout
11/09/11: Open-Mics and Closed Minds
11/07/11: Back in the EU--SSR
10/31/11: Camping Out in La-La Land
10/14/11: Bagman Tim
10/13/11: Are Colleges Too Big to Fail?
10/11/11: Why aren't they upset when their child is mugged in school?
10/07/11: I Stand With the One Percenters
10/03/11: Can We Legalize Assassination?
09/29/11: Tim, Liz and Bev Equals Moe Larry and Curly
09/26/11: No Acknowledgment of Israel? No More Money
09/19/11: Jobbing America
09/16/11: Carville knows a few things about crazy
09/12/11: Contemptible Krugman
09/09/11: Solving the 9/11 Invitation Controversy
09/06/11: Our Progressive Economic Wrecking Crew
09/01/11: Summer Swoon
08/29/11: The Real American Fanatics
08/24/11:The Five Stages of (Progressive) Grief
08/22/11:The Inevitable Descent From Progressivism to Nihilism
08/22/11: Perry Stands Firm. Obama Stands Mute
08/15/11: Give Me a Flatscreen TV, or Give Me Anarchy!
08/11/11: Resign, Mr. President
08/08/11: Facts? We Don't Need No Stinkin' Facts
08/03/11: Manufactured Crises
08/01/11: Stay Healthy, America --- or else!
07/28/11: Existential Crisis, Part 2
07/25/11: Three-Out-of-Four Americans Are Radicals
07/21/11: What Does Two Plus Two Equal?
07/18/11: News Nuggets
07/13/11: The Write Stuff
07/11/11: Completely Expectable Unexpectedness
07/07/11: Organized Cheating
07/05/11: Stimulating Disaster
06/30/11: Progressivism Masquerading as Education
06/27/11: America: Greece With Better PR
06/23/11: NBC-ya Later
06/19/11: One Man's Conversation About Race
06/10/11: An Exhibitionist in an Exhibitionist Age
06/07/11: NAACP Betrays Black American Schoolchildren
06/02/11: For the First Time in My Adult Life . . .
05/31/11: If I Were President
05/25/11: California Dreamin'
05/23/11: On Wisconsin!
05/20/11: Obama's Farewell to Israel Speech
05/16/11: Krauthammering Amnesty
05/11/11: Bounce, My Backside
05/09/11: The Epicenter of Progressive Contempt for the Rule of Law
05/03/11: SEALing Osama's Fate
05/02/11: The Education plantation
04/24/11: The Bell May Toll for Jersey Toll Collectors
04/19/11: From Medical Dependency to Dependency on the Welfare State
04/14/11: Trumping the Debate
04/06/11: It Takes a Bigot to Expose a Death Cult
04/04/11: Charlie and Snookie --- and Barack
03/30/11: Disabling America, One Lawsuit at a Time
03/28/11: The MSM Kills the Kill Team Story
03/23/11: Another Military Scandal
03/21/11: Barry, Joe, Helen and Wisconsin Teachers
03/16/11: The Inevitable Viability of Conservatism
03/14/11: Progressives in Their Own Words
03/09/11: $61 Billion in Cuts --- Vs. $223 Billion in One Month of Spending
03/07/11: Bean Bag B.S.
03/02/11: A Green Catastrophe in the Making
02/28/11: Ain't Noting Like the Real Thing
02/23/11: Progressive Rot vs. the ROTC
02/21/11: Wisconsin: Progressivism in All its Ugly Glory
02/18/11: News reporters --- or Narrative Shapers?
02/16/11: The Presidents Budget Proposal: An Obamination of Progressive Profligacy
02/14/11: Only Another 9/11 Will Alter the Illegal Immigration Status Quo
02/10/11: Is O'Reilly losing his touch or is he just irresponsible?
02/07/11: Tossing Britain Under the Bus
02/03/11: Starving the World In Order to Save It
01/31/11: Walking the Middle East Tightrope
01/27/11: Small-scale Terrorist Attacks: Big Strategy?
01/24/11: Jeffery Immelt: A Crony Capitalist In Charge of Job Creation
01/20/11: An Intimate Prime-time Interview
01/17/11: Progressives: Always Angry, Newly Desperate
01/12/11: Twain vs. the Totalitarians
01/10/11: Politically Correct Passports?
01/05/11: Showdown at the Fiscal Corral
01/03/11: Reading the Constitution Aloud is a Good Start
12/30/10: Getting Our Moral Mojo Back
12/27/10: PC Airport Safety is an Oxymoron
12/23/10: Getting America Back On Track
12/20/10: A Collectivist Coalition of Convenience
12/15/10: The President Who Wasn't There
12/13/10: Tech-No!
12/08/10: A Lethal Military, Inclusive or Not
12/06/10: The Unexpected Consequences of Progressivism
12/01/10: Leakers and Losers
11/29/10: We Won, Part One
11/22/10: Keep Your Hands Off My Constitution
11/17/10: Grope and Change
11/14/10: Taking Back Our Country, One School At a Time
11/11/10: Checks (and Balances), Please
11/08/10: Curtain Up, Progressives Down
11/04/10: Last Chance, Republicans
11/01/10: By Their Own Words Shall Ye Know Them
10/28/10: Progressive Determination to Undermine American Elections
10/25/10: Shock, but more importantly, action: De-Unionize Public Schools now
10/20/10: Multiculturalism? Check, Please
10/18/10: Healthcare: Alice in Wonderland vs. The Constitution
10/11/10: Vote for Restoring the Rule of Law in November
10/11/10: Dems: Running From Clarity
10/07/10: Hypersensitive Hogwash
10/04/10: Comprehensive Con Artists
09/29/10: Why Dems Are Going Down in November
09/27/10: The Unholiest of Unholy Alliances
09/22/10: Two Words for Republicans to Remember: I Won
09/20/10: Purging Me First Politicians
09/17/10: No More Lesser of Two Evils
09/15/10: Recovery Arms Race
09/13/10: Bigots in the Majority --- Again?
09/09/10: Giving Voters Something to Vote For
09/07/10: Irresponsible Dems, Incomprehensible Bills
09/02/10: War Weary Americans vs. Implacable Islamists
08/31/10: A Dream Debased
08/25/10: American Bigots Versus Media Propagandists
08/23/10: Recovery Bummer
08/19/10: An Unholy Alliance of Radicals
08/16/10: You've Lost America, Mr. President
08/13/10: The Twin Towers of Progressive Disconnect
08/11/10: A Far Better National Discussion
08/09/10: It's Only One Dead Nun
08/06/10: Incremental Tyranny
08/04/10: Ground Zero Mosque: Context Counts
08/02/10: The Arizona Ruling: a Gift for November
07/29/10: The United Cities of America
07/26/10: JournoList: Coordinated Ideological Bankruptcy
07/20/10: Go For Broke Or Get Out of the Way
07/14/10: You're a Liberal/Progressive if You Believe…
07/12/10: $33-an-hour--For Sleeping On the Job
07/08/10: Extortionist Government
07/06/10: Commerce Clause Totalitarians
07/01/10: Another Public School Travesty in MA
06/30/10: Calling YOUR Bluff, Mr. President
06/28/10: A Trifecta of Progressive Corruption
06/23/10: Plug the Darn Hole --- In Our Border
06/21/10: Our Empty-Suit-in-Chief
06/16/10: Betraying Our Children
06/14/10: Who Gets the Benefit of the Doubt?
06/07/10: Politically Correct Warfare
06/01/10: Bill Maher's Black President
05/25/10: A Mosque At Ground Zero
05/23/10: Libs Stand Tall --- For Mexico
05/19/10: The 'Unintended Consequences' of Liberalism
05/17/10: 'Los' Suns: Stuck on Stupido
05/12/10: Union Audacity: Yes We Will!
05/10/10: Greeks, Leaks and and Double-Speak
05/05/10: Twelve Million Illegals --- or Thirty?
05/02/10: Republicans: Playing Not to Lose Doesn't Cut It
04/28/10: Arizona: Progressivism's Waterloo?
04/26/10: Son of Amnesty
04/22/10: Mortgages and Moral Meltdowns
04/20/10: Bashing Christians Or Gays?
04/15/10: Personal Integri-tea
04/12/10: Fools, Tools and Ghouls
04/08/10: (Tea) Party On
04/05/10: The Triumph of Mediocrity
04/02/10: Two For the Road
03/29/10: The Innate Immorality of Liberalism
03/24/10: The Art of War
03/22/10: I Want My Country Back
03/18/10: A Perpetual Process
03/17/10: American Exhibitionists
03/15/10: A Light Bulb Moment of Clarity
03/10/10: Little Things Mean A Lot
02/03/10: Budgetary Fork in the Road
02/01/10: Liberal Economic Illiteracy
01/27/10: Roe-ing and Wade-ing Back to Reason
01/25/10: Arrogance When Up, Denial When Down
01/20/10: Connecting the Educational Dots
01/19/10: The Next Tea Party?
01/15/10: The Myth That Keeps on Giving
01/13/10: Airport Security Begins Away From the Airport
01/11/10: Secrets and Lies
01/08/10: Embracing Bigotry or Rejecting Bullying?
01/06/10: Hanging by an Ideological Thread
01/04/10: Our Wonderama Bureaucracy
12/30/09: A Day Off
12/28/09: Dangerous Myths
12/25/09: I, Me, Mine
12/23/09: A Very Harry Christmas
12/21/09: My Opinon
12/18/09: The Party of Repeal
12/15/09: Privileged Exemption
11/30/09: Settled Science and Unsettled Children
11/30/09: American Sharia Law
11/23/09:The Trial (Travesty) of the Century
11/04/09: American Vampires and Their Political Enablers
11/01/09: Opting Out of Insanity?
10/28/09: Cell Phones Cause Brain Cancer. Brain Required
10/26/09: Communism: Nazism With Better PR
10/21/09: Just Asking
10/16/09: Cost Projections vs. Actual Costs, or Hope and Change vs. Reality
10/14/09: News you can use …
10/07/09: Incremental Insidiousness
10/05/09: MIA: Common Sense and Common Decency
09/30/09: Iran: Bad Options and Unpreparedness
09/21/09: Crying Racism: the Last Refuge of Scoundrels
09/11/09: 9/11 Cannot Be Sanitized
09/08/09: Truthers and Consequences
09/01/09: A Paper Trail Challenge for the Mainstream Media
08/31/09: Drowning in Amorality
08/26/09: The Republican Recovery Program
© 2011, Arnold Ahlert
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