Flashback: Obama lamented falling gas prices in December 2008
posted at 7:50 pm on March 18, 2012 by Morgen Richmond
With the economy in a tailspin in December 2008, you’d think then President-elect Obama would have celebrated anything reducing the financial burden on working Americans. Au contraire. With his stated goal to fundamentally transform the American economy, the needs of the many not suprisingly took a backseat to what was really important to the One. From the mouth of Time’s 2008 Person of the Year:
The drop in oil prices, I do think, makes the conversation about energy more difficult, not less necessary. More than ever, I think, a wholesale investment in transforming our economy — from retrofitting buildings so that they’re energy-efficient to changing our transportation patterns and thinking about how to rebuild our electricity grid — those are all things that we’re going to need now more than ever. But with people not paying $4 a gallon for gas, it means it drops on their priority list. And that makes the politics of it tougher than it might have been six months ago.
It may have taken 3 years, but the President no longer has to worry about people paying less than $4 a gallon for gas – and, wow, just in time for his re-election campaign too. He must be absolutely ecstatic. Not only will this make the conversation about energy easier, he now gets to tout the $100+ billion dollars he’s already spent on creating the energy economy of the future. The solar panels, the light bulbs, not to mention the role his Administration played in bringing the hottest electric car to market. Somehow he pulled all this off, in spite of the political challenges.
If the President is really lucky, we might just be paying $5 a gallon for gas by the summer. Politics will never get any easier than that. His supporters can only cross their fingers and hope they will be so fortunate.