Other factors affect the economy, to be sure. One pundit described it as "a David Lynch economy," which is the best description I've ever heard.
One thing is certain, the president doesn't want low gas prices.
+ Obama's energy secretary, Steven Chu, said in 2008, "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe." This is a coercive government, something expected and even cherished in Europe, but this kind of behavior is scorned here because it is incompatible with freedom. Obama is achieving his goals, as gas prices have more than doubled since he took office just 3.75 years ago -- from $1.79 per gallon to $3.86 per gallon. Obama can't say he's pleased with the high prices, of course. Our Little President has perfected the art of being happy without appearing happy.
- "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe."
- "The court is unable to divine or fathom a relationship between the findings and the immense scope of the moratorium."
+ Obama has invested billions of dollars in the giant sinkhole known as green energy. As painful to admit as it might be, green energy is a miserable failure. We need to continue developing renewables, but we also need to acquire oil from every possible source. The economy will never hum again without this.
Other problems aside, Obama chose to steer the U.S. onto the course of green energy at the worst possible time . Shifting the largest economy in the history of humankind from mature, fossil-based energy to clean energies which are not mature enough to function -- at a time of deep recession -- will go down as one of the greatest blunders in American history. The best way to describe this is inconceivably stupid.
The president isn't trying to hide his goals about energy. "No oil" is his motto, despite what this does to our economy and national security -- 40% of our oil comes from the Middle East, which enrages radical Muslims and has been a factor in several wars.
Romney isn't going to be our greatest president, but he's going to look great compared to his predecessor.