Finally!<\/p>\n
We’re finally starting to see some signs of life from the Bush administration and republicans in congress. Unfortunately, what we’re seeing is another half measure… I’m all for increasing domestic oil production and building new refineries, but those measures won’t have a significant short term impact on the price we pay at the pump.<\/p>\n
It’s the dollar stupid!<\/strong><\/p>\n Since 2001 the value of the dollar versus foreign currencies has declined to the point where we ought to start calling it the American Pesso, seriously, it\u2019s the weak dollar more than anything else that is driving up the price of oil and other commodities.<\/p>\n If the president and congress were really interested in bringing down the prices we at the pump, or in the supermarket for that matter, in the short term they’d be talking about strengthening the dollar not arguing about whether we should drill domestically or not.<\/p>\n Just my two cents.<\/p>\n","protected":false},"excerpt":{"rendered":" Finally! We’re finally starting to see some signs of life from the Bush administration and republicans in congress. Unfortunately, what we’re seeing is another half measure… I’m all for increasing domestic oil production and building new refineries, but those measures won’t have a significant short term impact on the price we pay at the pump. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[26,7],"tags":[51,33,35,44,50],"class_list":{"0":"post-109","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy","7":"category-politics","8":"tag-bush-administration","9":"tag-gas-prices","10":"tag-oil","11":"tag-republicans","12":"tag-the-dollar","13":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-1L","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3955,"url":"https:\/\/www.jasetaro.com\/blog\/2011\/03\/16\/ouch-food-prices-soar\/","url_meta":{"origin":109,"position":0},"title":"Ouch: Food Prices Soar","author":"Jeff","date":"March 16, 2011","format":false,"excerpt":"The Federal Reserve has been on a media campaign to sell its monetary policy to main street, but as the Wall Street Journal noted yesterday it hasn't gone smoothly. Frankly, I have to wonder how the Fed will spin this mornings\u00a0 news about the surge in wholesale prices, which were\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/05\/06\/gas-prices-and-politics\/","url_meta":{"origin":109,"position":1},"title":"Gas Prices and Politics","author":"Jeff","date":"May 6, 2008","format":false,"excerpt":"The only thing worse than a trip to the gas pump these days is listening to John McCain, Hillary Clinton and Barack Obama talk about energy policy. John McCain and Hillary Clinton both say they'll bring us relief at the pump with a temporary moratorium on the 18.4 cent per\u2026","rel":"","context":"In "Money & Investing"","block_context":{"text":"Money & Investing","link":"https:\/\/www.jasetaro.com\/blog\/category\/money-and-investing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":502,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/09\/26\/video-burning-down-the-house-what-caused-our-economic-crisis\/","url_meta":{"origin":109,"position":2},"title":"Video: Burning Down The House: What Caused Our Economic Crisis?","author":"Jeff","date":"September 26, 2008","format":false,"excerpt":"This video has been floating around the web for a couple of days... It provides a detailed look at how the Community Reinvestment Act was used to push banks into sub-prime mortgages and how that distorted the housing market... And helped create the bubble that burst. A couple of caveats\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2824,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/10\/07\/sarah-palin-dollars-troubles-show-need-for-energy-independence\/","url_meta":{"origin":109,"position":3},"title":"Sarah Palin: Dollar’s Troubles Show Need for Energy Independence","author":"Jeff","date":"October 7, 2009","format":false,"excerpt":"Two days ago the British newspaper The Independent published a rather dubious report by Robert Fisk claiming that\u00a0 oil-producing Arab states along with China, Russia, Japan and France were conspiring on a plan to dump the dollar for oil trading, a move which would seriously weaken our currency and influence\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/05\/29\/congress-to-blame-for-high-oil-prices\/","url_meta":{"origin":109,"position":4},"title":"Congress To Blame For High Oil Prices?","author":"Jeff","date":"May 29, 2008","format":false,"excerpt":"That's what Mackubin Thomas Owens says in an OpEd piece in today's Wall Street Journal. Gasoline prices are through the roof and Americans are angry. Someone must be to blame and the obvious villain is \"Big Oil\" with its alleged ability to gouge consumers and achieve unconscionable, \"windfall\" profits. Congress\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/05\/16\/health-care-and-the-state-of-the-union\/","url_meta":{"origin":109,"position":5},"title":"Health Care and the State of the Union","author":"Jeff","date":"May 16, 2008","format":false,"excerpt":"Here are two great columns from The Wall Street Journal. If you haven't already read them you should. The first, The Republican Health-Care Surrender by Dick Armey details one of the biggest problems Republicans are facing... Their complete surrender on health care. I don't want government run health care I\u2026","rel":"","context":"In "Life"","block_context":{"text":"Life","link":"https:\/\/www.jasetaro.com\/blog\/category\/life\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/comments?post=109"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/109\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}