This is a placeholder of the idea that the repubs can’t have it both ways…you can’t tout capitalism on one hand and then want the president to intervene in the economy to bring down gas prices….

Okay..it’s really early in the morning but I feel obligated to finish this one since placeholders guilt me pretty well…first…we have the repubs actually making the case in the press and on fox news that the president can intervene to lower oil and gas prices…the clips on Keith’s show last night from 2008 were just hilarious where we had the usual suspects at fox falling all over themselves protecting ole GW from gas prices that were higher than they are now….going on and on how the market will correct the prices and that the president couldn’t and shouldn’t intervene….then the cut comes to all of the repub candidates repudiating the free market by saying they would all promote more drilling, etc. etc…..to bring prices down…and that the president now has the magical powers to lower prices…..let’s get few things straight first….the oil companies are wallowing in profits with things just the way they are….why would they drill more, even in the leases that are open and they hold, that are not being used if to do so would increase supply and lower prices? How would approving the Keystone pipeline lower prices when all of it’s output would be sold into the world market? How would approving more refinery construction lower prices of gas when two of them have been closed in the past year by the oil companies to “support prices”? Short of nationalizing the oil companies holdings here in the US, there is just not much that any sitting president can do on oil or gas prices in the increasingly globalized market….any repub that says anything different is either ignorant or a liar…you choose which…geez…