Ben Bernanke of the Fed is surprised by the poor economic performance engineered by himself and Barack Obama, but he’s blaming high gas prices in part for putting the brakes on the recovery. And just who brought about those high prices at the pump? Could it be Bernanke, who has flooded the markets with money, devaluing the dollar and making commodities such as oil much more expensive? Or is it Obama, who refuses to drill for more oil domestically? As I have been getting used to asking, do we have to choose?
And now these geniuses are saying that to lower gas prices, let’s tap into the strategic petroleum reserve. Why don’t we leave the SPR for uncontrollable emergencies, such as war or natural disaster, and not waste it on man-caused disasters, such as the economic policy pursued by Bernanke and Obama?