Chicago Tribune: 'Pricey Gas Seen as Good, in a Way'
Today on the Chicago Tribune's front page, above the fold, is the headline "Pricey gas seen as good, in a way." The story also appears on the Los Angeles Times's Web site with the title "Gas prices' jump attests to upbeat economy." Yes, happy days are here again and much of the mainstream media are feeling glad all over, hoping the purported much-improved economy will enhance President Barack Obama's re-election bid. The article notes:
The U.S. recovery has solidified through the fall and so far this year, as shown by strong job reports and last week's news of 1.1% increase in retail sales in February.
The job reports aren't really that strong when you consider the recession ended almost three years ago, as determined by National Bureau of Economic Research, and this is the most sluggish recovery in post-WWII history. As to the increase in February's retail sales, the Associated Press reported:
One factor driving the retail sales increase was a 3.3% rise in gasoline sales last month. It was the biggest increase in nearly a year and reflected a surge in gas prices.
So let's see how this works: Higher gas prices are a significant factor in increased retail sales, which in turn are a reflection of a stronger economy, which in turn is a reason gas prices are higher. Yep, definitely a win-win situation. And ain't Obama doing just one heck of a job?
In recent weeks we've seen press items contending the president can do little, if anything, about higher gas prices. Also we've seen the stories suggesting that, placed in "proper" perspective, gas prices aren't really all that high. Now we're instructed that sky-high prices are just more evidence that the economy is rebounding.
The truth is the mainstream media, having helped sell the American electorate on an unvetted empty suit in 2008, are heavily invested in making him appear a success. We can expect much more of the same through November.
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Comments
Pricey gas...
Submitted by NascarShizzle on Sat, 03/24/2012 - 7:47pm.
If pricey gas means Obama fails to win re-election...I'll consider myself a patriotic American and pay $6.00 a gallon!
It's a small price to pay for
Submitted by Free Stinker on Sat, 03/24/2012 - 11:10pm.
It's a small price to pay for ridding the USA of the ObamAA+ Presidency.
/// Sarah Palin Fan since July 11, 2007 /// خال
Who reads the CHI-TRIPE?
Submitted by Jayke on Sat, 03/24/2012 - 9:18pm.
... besides the occupier of the White House?
Retail sales or revenue*
Submitted by cajun2 on Sat, 03/24/2012 - 9:06pm.
Anybody can spin these numbers. Retail revenue will go up even though sales may stay the same. The reason is because the cost of gasoline has caused a rise in production costs and transport for those retail products. Hence, and increase in retail gross revenue. But that does not mean people are spending more, it means things COST more.
I have a plan on saving money. No way I'm buying any of this bs.
Hey, cajun, if the price of
Submitted by motherbelt on Sun, 03/25/2012 - 7:26am.
Hey, cajun, if the price of gas keeps going up, retail sales will be up 3% before you know it!
Have a look at Zerohedge.com
Submitted by Van Halen on Sat, 03/24/2012 - 9:30pm.
Have a look at Zerohedge.com or Barnhardt.biz to see how well things are doing.
Talk to anyone job hunting, attend any job fair,
Submitted by Radical1979 on Sat, 03/24/2012 - 9:35pm.
or just go to the grocery store. That'll tell you how well (ahem) things are doing.
Now, now, Radical, you have
Submitted by motherbelt on Sun, 03/25/2012 - 7:27am.
Now, now, Radical, you have to remember motherbelt's axiom:
Liberals know the truth. The facts are a conspiracy.
They can't fool all the people all the time
Submitted by Radical1979 on Sat, 03/24/2012 - 9:40pm.
The only people doing as well or better than they were when Obama was elected are those getting free stuff. The rest of us have had to cut down, cut back, and pay more for less. They can try to feed us b.s., but we don't have to eat it.
You just cut through the BS Rad
Submitted by Cappmann1962 on Mon, 03/26/2012 - 8:52am.
That's EXACTLY what they've been wanting - freebies to their base and the rest of us cutting back. Just shows how wasteful we non-entitlement, racist, women-hating, WORKING Class morons really are. If we can make do with less, then why shouldn't we support those poor wretches less "fortunate" than us? The "poor" don't drive, so gas prices don't affect them. The "poor" get food stamps, so grocery prices don't affect them. The "poor" don't pay taxes, so smaller paychecks won't affect them. Now actually make them pay for contraception or abortion on demand - THEN we have issues over fairness. And God forbid if the cost of street drugs goes up, or they can no longer get a reasonably priced handgun sold out of a car trunk. OH, THE INHUMANITY!
So I guess this means....
Submitted by Annie Ashe Fields on Sat, 03/24/2012 - 9:44pm.
...the L.A. Times won't be changing their minds anytime soon about releasing that tape of Obama getting all gushy over Palestine, huh?
All I have to look at is...
Submitted by MacWell on Sat, 03/24/2012 - 9:49pm.
the prices at the grocery store and the gas pump, to name a few.
Once again, the career politician strikes.
Can I share something with you folks?
Thanks.
Congress was never meant to be a career.
Congress was never meant to be run by all lawyers.
It really doesn't matter who the next President is, if we the people don't start to clean out the swamp, the den of lawyers and thieves we call Congress. These people trade their votes like baseball cards. They lie to us, steal from us, and make fools of us, daily!
America needs more Joe the plumbers, and Sally the Librarians, or Delores the homemakers, or Spike the iron workers to run for Congress, as it was meant to be by the founders. We need not elect another lawyer for the next 50 years, just to break even.
A representative government.
We're all represented, they say, yeah, if I'm a lawyer, you guys got me covered. If not, your on your own, unless you have money, then we'll do whatever it takes to get you off, even if your guilty.
We the people, the silent majority, cannot remain silent any longer. We must come out in droves in November. We must remove all of those who believe America needs to be "fundamentally transformed", and begin to remove the lawyers and career politicians from our government. If the government isn't for all the people, it should be for none.
Bush Affects Gas Prices!
Submitted by lilium479 on Sat, 03/24/2012 - 9:55pm.
Hey, remember when high gas prices were all Bush’s fault?
Obama is President
Submitted by GregE on Sat, 03/24/2012 - 10:08pm.
Pricey gas is dyn-o-MITE!!!!!!!!
Obama is President
Submitted by GregE on Sat, 03/24/2012 - 10:05pm.
Pricey gas is dyn-o-MITE!!!!!!!!
Yes, and banging your head
Submitted by motherbelt on Sun, 03/25/2012 - 7:24am.
Yes, and banging your head against a wall is good, in a way, because it feels so good when you stop.
Leftist logic
Submitted by DontFeedTheTrolls on Sun, 03/25/2012 - 7:52am.
I guess the higher the price of gas goes, the better off we are!
Obamacare
Submitted by sngnsgt on Sun, 03/25/2012 - 10:44am.
Is liberalism covered as a disease in Obamacare? If it is, I may have to take a second look.
Leftist Energy Math
Submitted by HardRightTurn on Sun, 03/25/2012 - 11:05am.
1 Barrel of Oil $100
1 Tank of Gas $100
1 Barrel of Oil = 1 Tank of Gas
Finally 1 = 1
They got it right this time.
To more fully comprehend the Left, one must read “Leftism As Psychopathy” by John Ray, M.A., Ph.D. Caution, it might scare you a little bit.
http://jonjayray.tripod.com/psycho.html
Obamanomics
Submitted by IrateNate on Sun, 03/25/2012 - 11:14am.
I suppose this is their idea of a balanced budget?
More great fun with o'bama's economic solutions.
Submitted by ThisnThat on Sun, 03/25/2012 - 12:02pm.
Now -- gas prices are a gas.
Earlier -- we enjoyed Funemployment (a happy time in one's life when one is not employed and is not wanting to be employed).
What's next? The joy of giving a "fair share" of your earnings to the government? I'm sure the msm will come up with something.
__________
“Didn't win the Medal of Honor? Didn't even serve? Then lie about it. We'll support you." — 9th Circuit Court
1.1 percent of dismal
Submitted by CobraMan on Sun, 03/25/2012 - 2:06pm.
Got to love those "increased sales figures" they keep tossing around. Retail sales dropped about 40 percent, say, during the recession, and a one percent increase in the resultant dismal sales numbers is see as, what, a vast improvement? At this rate, it'll "only" take around 30 years to achieve the sales figures of just 5 years ago.
Or, to put it another way, thanks to Obama (All Hail, The One!,) retail sales have seen a 10 percent increase in te the 40 percent less over-all sales drop that has occurred since he took office! In as little as 30 years, we'll be right back where we started, if only we follow his ingenious fiscal policies!
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Unless you're a fetus. The US Supreme Court
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