Sunday, April 10, 2011

Out of Touch Presidents

During the first Bush administration, the President went into a market during his vacation and wondered what a price scanner was.   He was roundly criticized for his lack of knowledge of the common man.

Last week, the current president said the following in response to a questions about rising gas prices:


I’m just gonna be honest with ya. There’s not much we can do next week or two weeks from now [about gas prices]. (snickers) If you’re getting eight miles a gallon you may want to think about a trade-in. You can get a great deal. I — I promise you GM, or Ford, they’re — or Chrysler, they’re — gonna be happy to give you a deal on — on something that gets you better gas mileage. Gas prices? They’re gonna still fluctuate until we can start making these broader changes, and that’s gonna take a couple of years to have serious effect.

From my perspective Obama's remarks are both arrogant and out of touch.   Gas prices have risen because of uncertainty in the Middle East, and because of worldwide demand, and because of somewhat restricted supply (caused by countries who do not want to develop their resources).   The President's response seems to ignore that and concentrate on the individual's failings for not immediately buying a new car when gas prices rise.

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