The conservative accountant and America's Independent Party supporter in Georgia writes about oil prices: "Based on the current trajectory, what we can expect
with another four years of Barack Obama is a continued decline in the
purchasing power of the dollar, and higher gasoline prices, in spite of
improved U.S. supply and falling demand. The problem with high gasoline
prices is they lead to recessions, while lower prices foster economic
expansion. The target price for gasoline is the 1992 inflation adjusted price, $1.86 a gallon. The current price is $3.65."
He continues his commentary: "In the midst of the Great Recession, the average price of gasoline only exceeded the breaking point ($3.25 a gallon) for a total of 31 weeks. In contrast, the current price has remained above the breaking point for a total of 86 consecutive weeks, from February 28, 2011 to present. What does that tell you? It leads me to believe that the U.S. is currently in recession. The cause: Inflation due to excessive money printing, necessitated as the result of an $832 billion stimulus, and unprecedented trillion dollar budget deficits due to Barack Obama’s inability to govern. Is there a witness?"
