Conservative news sources: Obama not to blame for rising gas prices

Recently, Newt Gingrich laid blame for rising gas prices at the feet of President Obama saying “The price of gasoline when Barack Obama became president was $1.89. All of this gigantic increase came from his policies.”

But the conservative Wall Street Journal countered by saying:

“U.S. gasoline prices, like prices throughout the advanced economies, are determined by global market forces. It is hard to see how Mr. Obama’s policies can be blamed.”

“Mr. Gingrich ignores the basic fact about U.S. gas prices: They are largely fixed by the price of crude oil, which is determined by global supply and demand.”

“When Mr. Obama was inaugurated, demand was weak due to the recession. But now it’s stronger, and thus the price is higher.”

“What’s more, producing a lot of oil doesn’t lower the price of gasoline in your country. According to the U.S. Energy Information Administration, Germans over the past three years have paid an average of $2.64 a gallon (excluding taxes), while Americans paid $2.69, even though the U.S. produced 5.4 million barrels of oil per day while Germany produced just 28,000.”

In addition, the Koch Brothers funded Cato Institute had this to say:

“Is President Obama responsible for spiraling price of gasoline? Republicans say yes, but the facts say no. Despite the popular perception of President Obama as anti-oil, domestic oil production is increasing for the first time since the Johnson administration…. Unfortunately, presidents get blamed for world market changes that occur during their time in office … but generally, they do not cause them.”

Mitt Romney camp: Nomination is an “impossibility” for Santorum and Gingrich

The morning after a mixed Super Tuesday victory, Romney campaign strategists made a bold new case: He’s inevitable.

“The nomination is an impossibility for Rick Santorum or Newt Gingrich,” said one aide, adding that “they would have to ben the laws of reality” to pull off a win at this stage.

Strategists noted that for Santorum to clinch the nomination, he would need to win 65 percent of the remaining delegates—so far, he’s won only 22.

For Gingrich, the path to the nomination is even steeper: he’d have to win 70 percent of remaining delegates, while he’s only won 14 percent so far.

“It’s going to take some kind of act of God to get where they need to get to the nomination,” the aide said.

Mitt Romney, on the other hand, needs to win only 48 percent of the remaining delegates—and he’s won 52 percent to date.
(source)

Fox News’s own business analyst pops the balloon on Newt Gingrich’s energy plan

Fox Business News analyst Liz Claman drops by Fox News to get to the truth about Newt Gingrich’s “energy plan.”

Taking it point by point, she makes clear it really wouldn’t work, and it really wouldn’t give the US “$2.50 a gallon gas.”

Says Claman: “Even the Transcanada people say [Keystone XL pipeline] would only shave 3 Or 4 pennies off the price” of gas.

This is what I’ve been saying here on The Randy Report: the oil market is a global market. For the most part, there’s only so much that can be done here in the US to affect the price of oil in the world. And gas prices are rising right now NOT because of President Obama not taking steps to do so – it’s happening because the world market is focused on the situation in Iran right now.

The Fox News hosts clearly aren’t thrilled with the news.

Gets a bit chilly on the curvy couch. Watch.

(Video from Media Matters)

Swing States poll: Romney and Obama tied; Gingrich trails

A new USA TODAY/Gallup Swing States survey shows Mitt Romney and President Obama at a statistical tie (48%-47%). However, Newt Gingrich fares much worse against President Obama.

In a head-to-head race, Romney leads Obama by a statistically insignificant percentage point, 48%-47%, the survey finds.

But Obama leads Gingrich, 54%-40%. The president’s standing against him has risen nine points since early December; Gingrich has fallen by eight.

Gingrich fares less well than Texas Rep. Ron Paul, who trails Obama by seven points, 50%-43%, and former Pennsylvania senator Rick Santorum, who also trails by seven points, 51%-44%.

Jon Stewart on Newt Gingrich’s proposed moon base

So one of Newt Gingrich’s “big” ideas to address big problems in America is to build a moon base station by the end of his “hoped-for” second term as president.

Everything else going on in this country – and on the planet – and that’s what Newt is proposing?

SRSLY?

As always, Jon Stewart is hysterical.