Does the GOP want $5 gas?

As rising gas prices sour the national mood, Obama accuses Republicans of hoping for more bad economic news so they can use it against him in November

Gas prices at a high in 2008
(Image credit: CC BY: Schill)

There are no "quick fixes" for rising gasoline prices, President Obama said Thursday, trying to get in front of an issue that threatens to compromise his re-election campaign. Republicans are blaming Obama for the uptick — which could reach $5 per gallon by summer's driving season, according to some analysts — saying he has denied oil companies the chance to drill for more domestic oil. In turn, Obama faulted Republicans for "licking their chops" over rising gas prices, "rooting for bad news" so they can exploit voters' fuel frustrations for political gain. Does Obama have a point?

The GOP is thrilled about rising gas prices: "Obama got Republicans dead to rights" on this one, says Meteor Blades at Daily Kos. Instead of showing "sympathy for consumers scraping by paycheck-to-paycheck, Republicans are gleeful at the pinched pocketbooks because they present a double-pronged political opportunity." GOP candidates can use the issue to blast Obama, and to back up another push for their short-sighted "'drill, drill, drill' approach to U.S. energy needs."

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