Bad pic floating around Facebook....

[ThatsMyBarack]

[blm]

1. Gas was $4 gal in 2008 before economy crashed - so many lost jobs that demand for gas plummeted

along with the stock market, and the Jan2009 prices reflected that distressed state of the economy.

That gas station sign sure left out WHY gas prices were so low the day Bush left office.

[BeeBee]

30. It was closer to $5 where I live...but no one seems to remember that. n/t

[progressivebydesign]

40. i googled it once. $4.11 was the nat'l average in 8/08, and closer to $5.00

I actually made a video during that time regarding Bush AND it had pics of those prices.

[ag_dude]

2. The only thing "bad" about it...

...is that it points out how idiotic the people that blamed Bush for those oil prices were and how politics has become a childish game of "no, you are bad - no YOU are worse - nuh, uh, - no backs".

The POTUS doesn't have control over oil prices and they've all been at the mercy of OPEC for decades.

Anybody who thinks the current oil prices are because we're not drilling has no clue what's going on in the shale boom areas.

[get the red out]

4. I agree

They think their ignorance is bliss, but they still aren't happy.

But if they weren't stupid they'd have to be liberals, and they can't stand that.

[Hassin Bin Sober]

28. The POTUS may not control oil prices but it sure didn't help when Bush.....

.... started 2 wars and doubled (tripled?) the consumption of oil/gas by the worlds largest single consumer of gas and oil - The US Military.

[liberal N proud]

3. They were that low right before the election

But prices were $4.12 in August of the same year.

Click this link then click on the 8 year trend to see the history of prices.
http://www.GasBuddy.com/gb_retail_price_chart.aspx?city1=USA Average&city2=&city3=&crude=n&tme=96&units=us

I remember everyone speculating that they were artificially low to help the McCain/Palin campaign.

[Arkansas Granny]

14. That's exactly right. The prices fell dramatically just before the election.

[ProdigalJunkMail]

20. they didn't fall...

they PLUMMETED! it was an epic collapse...

http://www.GeorgiaGasPrices.com/retail_price_chart.aspx?city1=Georgia&city2=Chicago&city3=SanFran&crude=n&tme=60&units=us

[JHB]

21. screen grab of that chart:

My, my, what happened in the fall of 2008?

[liberal N proud]

22. Thanks, I tried to grab that.

[htuttle]

5. This is probably faked

If they advertised gas for those prices and didn't actually sell it at that price, they'd be in for some hefty fines in most states.

[Enrique]

6. the numbers look right

I think it is obviously photoshopped but I don't think it claims to be real

[slampoet]

12. The numbers aren't correct. the Price never got below $1.88 and that......

was only the price of gas in places like Texas.

the Vast majority of the nation never got below $1.95.

The price in JUNE 2008 was $4.27!!!

Also that period of low prices stopped and prices began to rise again BEFORE Obama took office but AFTER he was elected.

This shows manipulation more than any action of the Obama Admin.

[ProdigalJunkMail]

19. Sorry, but the price dropped well BELOW that

they dropped all the way to $1.50ish a gallon in ATL.

sP

http://www.GeorgiaGasPrices.com/retail_price_chart.aspx?city1=Georgia&city2=Chicago&city3=SanFran&crude=n&tme=60&units=us

[blm]

24. Care to address WHY prices dropped at that point, PJM?

http://uspolitics.about.com/od/yearinreview/ig/2008-In-Review-/Gas-Prices--2008.htm

[ProdigalJunkMail]

35. i know why the price fell

why do you ask? let me guess... you're making an assumption.

sP

[blm]

43. Nope - just interested in your point of view.

.

[ProdigalJunkMail]

44. the price fell because the economy had basically already collapsed

and not just here, but we had started a domino-fall that was circling the globe. global economic output declined dramatically in response to the implosion that happened here. people were being laid off by the hundreds of thousands. it was quite literally epic in scope.

as all of this was occurring, the price of petroleum products tumbled... hell, they fell off a cliff. and it was't just gasoline... it was all petro products. from crude oil to the plastics to the gasoline... rapidly declining demand and forecasts of further declines scared the willies out of the people with the contracts and they were dumping them as fast as they could.

the other item that exacerbated the decline in the price per dollar was that the dollar was also declining at the time. that was a nice little catalyst to the numbers being so dramatic on the downside. ON EDIT : i got this bit backward... the only thing from making it look WORSE was the decline in the value of the dollar.

it was a side-effect of the disaster rippling through our economy.

sP

[progressivebydesign]

41. Considering gas signs don't have a date, it could be from 1999... who knows? nt

[ProdigalJunkMail]

45. eh...it's made up from one of those 'make a sign' websites

Last edited Tue Oct 2, 2012, 08:58 PM - Edit history (1)

but it doesn't matter how it was made, the numbers on the sign would have been about right for Late 2008.

sP

[sl8]

11. Depends on what you call fake:

[bigtree]

16. ha!

[htuttle]

37. LOL

I've seen the church sign generator, but didn't realize that there was a gas station one, too.

[madokie]

7. The policies that have us where we are today is not Obama's

It lies squarely with the puke's in congress. They're the ones who have done all they can to keep us from going forward, not Obama.

GOBAMA

[slackmaster]

8. OHMYGOD! HOW HORRIBLE!!!111!!!

EVERYONE CALL CONGRESS RIGHT NOW!!!111!!!

[KinMd]

9. Show a picture of the twin towers in NYC

with the caption "This was the NYC skyline the day the last Republican President took office"

[NYC_SKP]

10. That would be a perfect rebuttal. nt

[Laura PourMeADrink]

31. exactly !!

[Tommy_Carcetti]

13. Republicans must really think the public is stupid to press that argument.

They appear to conveniently forget that in the summer leading up to the market crash, gas was well over $4 a gallon. And that happened under President......let's check this again.....oh, yeah, President Bush. Because of the crash, gas plummeted due to the machinations of oil speculators.

The only thing this graphic proves is how beholden the general public is to the oil speculators in the market. It has nothing to do with "Drill, Baby, Drill." It's not even the oil companies at work, it's the guys on Wall Street gambling on the price of gas. And we get screwed in the end.

[slackmaster]

15. Tommy, I'm sure you have noticed how dumb the average person is

Half of the people are even dumber.

[bhikkhu]

17. So recession leads to cheap gas

I still wouldn't vote for it!

[treestar]

18. Right winger, as you have said yourselves

That meant demand was low and therefore the economy was not moving.

[HopeHoops]

23. "THE THE"? Moron.

[Blue_In_AK]

25. That picture actually started a fairly decent conversation

between me and my ex nephew in law. I appreciate Republicans who are willing to listen and read the links I provide. Sometimes they're just gullible and misinformed.

[Drunken Irishman]

26. Are people stupid? Do they realize why gas was so low when Obama took office?

It's because the economy collapsed! What would you rather have ... a bit higher gas prices or an economic collapse to bring 'em down again?

[DemzRock]

27. It was a dollar a gallon under Clinton n/t

[Thrill]

29. Pretty sure gas hasn't been that low

since early 2000s

[NightWatcher]

32. I love that people still post these signs that you can make at certain webpages

You can make a church sign say anything you want, or a fast food sign, or apparently also a gas station sign.

Please dont believe anything you see on the internet.

[sakabatou]

33. If this pic had a name, it'd be Fakey McFakery

[Motown_Johnny]

34. Dow Jones Closes at 8279.63 !

Just kidding, that was the close the day before Obama took office.

[bunnies]

36. counter with: Fox “News” Explains How The President Doesn’t Control Gas Prices

Fox “News” Explains How The President Doesn’t Control Gas Prices

Media Matters put together this great montage of Fox “News”[sic] anchors explaining how the President doesn’t have the power to lower gas prices, and that the way to insulate ourselves from gas price spikes is to reduce our use of oil.

The clips, of course, are from 2008.

#t=0s

http://www.folded.com/bray/?p=1898

[Initech]

38. No those were the prices before after hours derivatives trading became a giant Ponzi scheme.

[progressivebydesign]

39. August 2008, national AVERAGE was $4.11, you can google that it was on CNN.

end of story. total bullshit, the prices were manipulated by the Koch bros and other traders to benefit bush. August 2008, HIGHEST price in history.

[ProdigalJunkMail]

47. the prices collapsed in response to the implosion of US economy

http://www.GeorgiaGasPrices.com/retail_price_chart.aspx?city1=Georgia&city2=Chicago&city3=SanFran&crude=n&tme=60&units=us

I don't think they were manipulated to help Bush... he was already out... well, on his way.

sP

[Glitterati]

42. Here's one you can replace it with

Thanks to my sweet niece who just posted it on Facebook.

[morningfog]

46. Why would three people (so far) rec this?

3 members have recommended this thread (displayed in chronological order):
slackmaster Ian David ErikJ

[Iris]

48. I took a job in the summer of 2008. I started Oct. 1

The weekend before I started, there was a rush on the gas stations. People were sitting in long lines to pay $5.00/gallon for gas. Gas stations were rationing gas - limiting purchases to 3-5 gallons. My husband and I sat in line for 2.5 hours in order to get enough gas for me to make it to my first day of work

I know the gas prices never went below $2.50/gallon after that. I have a long commute, and monitoring gas prices is part of my daily life.

On edit: just saw JHB's post and I was wrong There was a dip in gas prices. (right after Obama got elected?)