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Nancy Pelosi and "Dems" are to blame for high gas prices...never mind the economic and foreign policy decisions George Bush has made over the last six years.
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Ummm, so Cavuto is not saying Dems are "responsible" for the rise in prices by any means... that's... well... obvious. He's simply saying that they did not deliver on their promise to get prices down and in fact prices have risen higher since they were put in power of congress. They said essentially "elect us and you'll pay less for gas." We did and yet we're not. One more reason why congress has a 22% approval rating at the moment. Though, I wouldn't blame congress for the high gas prices either! And saying Bush is responsible is an over-simplification. The dollar is suffering a serious low right now so prices of all imports rise. The state of the dollar is not as Bush-dependent as you'd think. He has influenced it, but any president's influence on the value of the dollar is very limited. The dollar was way over-valued for years and with no physical backing was bound to take a hit. Not to mention that OPEC is bleeding us all dry. Gas prices will stay very high until the dollar is either scrapped in place of the dubious Amero (God help us) or until China and other governments realize that a US economic recession is a global economic recession. When our tanking dollar tanks their entire economy, they'll stop their belly-aching about us.
And - sure… Threatening Iran with WW3, and having an ongoing occupation in Iraq does nothing to keep oilprices high, right?
As for your point of a US recession being a global one – that's why many corporations and financial institutions are now moving their assets and currency of trade from USD to EUR… Which will further try to isolate the US economy. (Not of course tomorrow or next week, but if the US recession continues, we could see more businesses moving to Europe or Asia to escape the dollar, and having the effect on the rest of the world minimized…)
Meh. As long as I live in the world's third largest oil exporting nation, the $95/barrel oil price suits me just fine, really… FOX News is the problem for me - someone should revoke their PS-licence…
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