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The Obama Boom: Rising Gas Prices will not effect the 2012 election

by Phantom Ace ( 9 Comments › )
Filed under Barack Obama, Economy, Elections 2012, Energy, Headlines, Inflation, Media, Misery Index at March 8th, 2012 - 12:18 pm

Normally when gas prices rises, the party in power suffers at the polls. Gas prices rose in 1980 and helped Reagan defeat Carter. They rose in 2006 and helped the Democrats take over Congress. They are spiking in 2012, but this time with no effect on Obama. As much as I would like to disagree with this article,its correct. Although it is right for the wrong reasons.

FORTUNE – Is the President to blame for higher gas prices? As prices at the pump surge to an average of $3.74 a gallon, Republican presidential candidates are hoping to use the issue to battle President Obama in November’s election.

In particular, Newt Gingrich has promised voters he’ll bring prices down to as low as $2.50 a gallon. The increasingly overlooked candidate vying for the GOP nomination has been harping on the “Drill baby Drill” mantra, arguing that raising energy production at home will lead to lower gas prices. Meanwhile, Rick Santorum has warned voters that prices could approach more than $5 a gallon. And even though Mitt Romney’s campaign has reportedly insisted he doesn’t focus on the issue, he’s nevertheless lashed against the administration’s approach to oil and gas development while campaigning in oil-rich North Dakota.

Consumers are influenced by gas prices, but history has shown that what voters pay at the pump won’t necessarily help unseat an incumbent’s party.

For one, the majority of voters don’t narrowly target the president for higher gas prices. They actually spread the blame, at least according to a recent Pew Research Center-Washington Post poll. It found 18% blaming the Obama administration, while 14% held oil companies responsible; 11% felt unrest in the Middle East was to blame and 38% gave a variety of other explanations – from Wall Street traders and speculators to greed.

The media is giving Obama cover for the high oil prices. When oil prices rose under Bush 2006-2008, the media attacked him ferociously. With the Pharaoh, they defend him. They don’t want to insult their god-king!




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9 Responses to “The Obama Boom: Rising Gas Prices will not effect the 2012 election”
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  1. The Osprey
    1 | March 8, 2012 12:37 pm

    King Putt will have us all driving putt-putts.

  2. coldwarrior
    2 | March 8, 2012 1:44 pm

    high gas prices are a sign of a BOOMING economy, dontchya know!

  3. 3 | March 8, 2012 1:45 pm

    @ coldwarrior:

    I forgot because I am racist!

  4. huckfunn
    4 | March 8, 2012 2:47 pm

    The whole article deals only with “what voters pay at the pump”. High gasoline prices affect every aspect of the economy and the Forbes article fails to address that fact. Transportation and manufacturing costs will go higher with higher energy prices. Those costs will be passed on to the consumer. As always those higher costs will hit the poor the hardest, not just at the pump, but at the grocery store and everywhere else they shop.

  5. The Osprey
    5 | March 8, 2012 3:30 pm

    @ huckfunn:

    So why don’t we see headlines like “Gas Prices Rise: Women and Minorities Hardest Hit” ?

  6. 6 | March 8, 2012 3:36 pm

    @ The Osprey:

    We would if a Republican were President…

  7. Bumr50
    7 | March 8, 2012 7:08 pm

    Mitt Romney on Wednesday said that President Obama shouldn’t be held directly responsible for rising gas prices.

    “I think people recognize that the president can’t precisely set the price at the pump,” Romney told CNBC on Wednesday.


  8. 8 | March 8, 2012 8:19 pm

    Ya, you go ahead and keep telling yourself that nothing can touch your god-king Rodan. High gas prices killed the democrats in 2010 and they will kill Obama in Nov as well.

  9. huckfunn
    9 | March 8, 2012 8:43 pm

    Gas Prices Now A Big Factor In Presidential Election

    MINNEAPOLIS (WCCO) — It might be one of the biggest issues in the upcoming presidential election. Last night, CBS News exit polls found 77 percent of those voting in seven Super Tuesday states say rising gas prices were an important factor in their vote.

    The poll reflects growing consumer anxiety as gas prices have risen nearly 50 cents a gallon in just over two months.

    Consumers have been telling us they are cutting corners because for most driving is a necessity.

    In Minnesota the average price is 3-58. The current national average for a gallon of regular is 3-76, but some analysts are predicting that gas could rise to $5 by the summer.

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