CNBC’s John Harwood: So could the high oil prices help us?

Posted on December 23, 2010 by


Fearless Dictator

Remember how the cost of oil pushed a lot of Americans over the financial cliff in 2007 and early 2008?  You had a choice, if you had a job.  Do you pay  for the gas to get to work?  Yes.  Do you use your earnings to pay the mortgage?  Yes.  But  when gas per gallon goes from $30.00 a tank full to $80.00 to top of your tank you may find yourself short of the amount required to fulfill your agreement with your mortgage holder, if you even knew who had your mortgage back then.

Well it looks like we are about to do a repeat of those prices.  But looking at the graph shown below it is apparent that Obama is getting his way with fuel cost.  A more gradual incline of the cost can indeed be seen in the graph.  Its like getting into the pot of water on the stove before it gets heated up.  Suddenly your the frog in the kettle of boiling water… and its too late to get out.

Fuel Cost on the rise again? Naaa. No trends to see here. Keep moving along please.

Below you find some excerpts from a an August 2008 CNBC Interview with Obama.  Well do you recall this amazing quote from this narcissistic arrogant ass the left elected.

CNBC’s John Harwood: So could the (high) oil prices help us?

Barack Obama: “I think that I would have preferred a gradual adjustment. The fact that this is such a shock to American pocketbooks is not a good thing. [speaking of the span from december 2007 through January 2008] But if we take some steps right now to help people make the adjustment, first of all by putting more money in their pockets, but also by encouraging the market to adapt to these new circumstances more rapidly, particularly U.S. automakers…”

Well it looks like we are going to get Obama’s gradual increase so we are not to shocked in the pocketbook when  it peaks out.  But you know what Barry?  At the end of the day we still do not have the cash required to pay mortgage under your energy policy.