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Saturday, October 20, 2012

Obama Never Understood The Economy

A high school graduate knows better than this.

From the debate the other night, Obama explained why gas prices doubled under his watch:

Well, think about what the Governor just said. He said, when I took office the price of gasoline was $1.80, $1.86. Why is that? Because the economy was on the verge of collapse. Because we were about to go through the worst recession since the Great Depression, as a consequence of some of the same policies that Governor Romney is now promoting. So it’s conceivable that Governor Romney could bring down gas prices, because with his policies we might be back in that same mess.” [source]

Gas was valued extremely low when the economy was doing poorly.  And now that the economy isn't doing poorly, its worth has necessarily gone up.  According to the smartest guy in America.

Which would also explain why the value of homes has gone up over the last four years as well.

Or not:

Uh, Barry?

Proving once again:  Obama doesn't know the first thing about the world around him.