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Saturday, February 18, 2012

Record gas prices for February paints gloomy picture for economic recovery...

February has recorded the highest gas prices on record for the month with an outlook of 4.00 plus per gallon by spring. Fuel and food costs are not used in the calculation of inflation in the government world of fuzzy math, spin and misdirection. Only in Washington is it possible to claim such nonsense as if hiding the obvious effects of high energy costs and their ripple effect behind a false rate of inflation will make it palatable to the American people.
Nothing short of a European recession or an Asian economic slowdown will lend relief at the pump according to experts. Any disruption of supply or a continuing escalation of events in Iran could see prices rise dramatically. An outright military confrontation with Iran could make 4.00 a gallon seem like the good old days with a quickness. As our economy limps along through a painfully slow recovery, the continued assault on our energy sector by the current administration reflects badly on a President who seems to put ideology above the reality of the pain rising fuel prices inflict on the people. The denial of the Keystone pipeline project is a dismal display of such a mindset, coupled with an unforeseen sharp rise in fuel prices it could very well have political consequences that will, in hindsight, seem a very foolish decision and a political ploy that backfired with enormous ramifications. The American people tolerate the naked nonsense from politicians not because the majority are stupid, but because as long as it dosen`t effect their day to day life in a drastic fashion, it is just something they put up with because they can tune it out. Unfortunately this 'tuning out' is the root cause of the incremental encroachment of the loss of our freedoms, but when a crises arises that effects their way of life and puts a burden on their families they start looking around for the obvious causes and when they see something as blatantly political and ignorant as the Keystone decision, this stands out like a sore thumb. It stands out because when they are paying 5.00 a gallon at the pump, it becomes painfully obvious they have been sold out by a President who put their well being below that of his special interest cronies!