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Thursday, March 15, 2012

'Little Obama Can Do' About Gas Prices? Four Years Ago, Bush's Move to Drill Dropped Barrel Price -- And Media Covered It Up

The New York Times told us about three weeks ago that "there's little President Obama" can do about the current pump price of gas. Since then, it has become a well-established media meme. Poor guy.

Well, not really. Four years ago, another U.S. president did something which caused the barrel price of oil to drop by over $6, and the press spent the rest of the day trying to pretend that the drop had nothing to do with his actions -- and almost succeeded. What follows is from my related NewsBusters post on July 15, 2008 ("Oil Drops Over $6 a Barrel; I Wonder Why?"):

1 comment:

Anonymous said...

The fact that this administration can do little to effct fuel prices is the reason I'll be voting for a new administration.