Susan Stamper Brown, FloydReports.com
Poor Peggy Joseph. Overwhelmed by the promise of hope after hearing an Obama campaign speech, Joseph said, “I never thought this day would ever happen. I won’t have worry about putting gas in my car. I won’t have to worry about paying my mortgage. You know, if I help [Obama], he’s gonna [sic] help me.” Peggy kept her part of the bargain, but looking at food and gas prices lately, the day Peggy never thought would happen – likely never will.
Gas prices have soared above $4.00 per gallon in some parts of the country and, on average, have risen .38 cents per gallon over the past three weeks. The U.S. Department of Energy predicts motor fuel expenses for 2011 to rise 28 percent from last year. But that’s okay; everything’s going according to the playbook. After all, back in 2008, Obama said, “Under my plan, energy prices would necessarily skyrocket.” Prices have skyrocketed, and now Obama is running for cover while at the same time trying to take credit for last year’s peak in oil production. Considering the lag time between exploration permits and production, it begs the question: How much of the rise in production is due to Bush-era policies?
As presidents typically do, Obama surrounded himself with like-minded people. Energy Secretary Steven Chu once said, “Somehow we have to figure out how to boost the price of gasoline to the levels of Europe” and had previously suggested that a gradual increase in gasoline taxes would “encourage” consumers to become more energy-conscious.” Good job, Mr. Chu, we are “encouraged,” – encouraged that 2012 is just around the corner….