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Originally Posted by manchambo
The other pivot I'm hoping to see is on the gas prices issue. Yes, gas prices have doubled in the past four years, but what does that actually tell us?
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It's called massive inflation.
Quote:
Originally Posted by manchambo
Something else that has nearly doubled while Obama has been in office? The Dow. The Dems need to take this opportunity to shove the point up Romney's ass and break off the handle--Romney is exactly right, prices of lots of things, including stocks, have increased under Obama because those prices had basically been obliterated just before he took office.
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Wow, that was crude, but it's to be expected from a Socialist. The Dow dropped 2000 points after Obama entered office (after holding steady for the previous two months). The Dow's rise can attributed to Bernanke with QE1, QE2, Operation Twist, and hints at QE3.
The federal funds rate has been set at 0% throughout Obama's presidency, screwing U.S. citizens out of interest earnings, but creating an enormous windfalls for banks.