Barack Obama has had options to deal with soaring gas prices. He could have done something about all that quantitative easing, which has trashed the value of the dollar. He could drill. He could cut taxes. Instead, he decided to release some oil from the strategic petroleum reserve, which is meant as a last-ditch measure in times of national emergency.
So how did he do? Well, when the president finally acted, gas was about $4 a gallon. Today, after tapping the SPR, gas is … about $4 a gallon. What is the reason we are supposed to re-elect Barack Obama? It certainly isn’t competence.