The president can affect oil prices. The president can: 1) Introduce legislation to allow drilling in various places it wasn't before 2) Introduce an oil subsidy bill (or a bill w/ subsidies in it) 3) Invade a foreign nation with oil resources 4) Change federal gas taxes (make them lower) - again this is legislation 5) Release oil from the strategic reserv Just throwing some stuff out there. I'm not saying any of this is a good idea. #1 and #2 are congressional powers. The president can still introduce legislation. Doing the opposite will make gas prices move in the other direction.
As for the ads - get used to it. Most ads, and most statements in presidential debates leave out the "but" part. For example, both of them voted against troop funding (leaving out the "but" part of course, which if added totally explains why they voted that way).
Hmmm...so you think oil is going to skyrocket...well...speculation on the price of something should happen in another thread. A lot of people like to say the market does better when a [republican/democratic] president is in office. I'm not sure the data shows this. There's so much market data out there and some ambiguity in which timeframes to pick that this statement amounts to lies, damn lies, and statistics. For example, under Bush, the stock market went down initially, then up a whole bunch, and now down. So obviously the market does ??? (read: whatever the heck it wants to) when a republican president is in office.
This post has been edited by jcdietz03: Oct 20 2008, 11:36 AM
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