Tags: gasoline | prices | Iran | Carter | Obama

Gas Prices Plague Obama as They Did Carter

Thursday, 01 Mar 2012 11:52 AM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
President Barack Obama stands in danger of suffering the same fate as incumbent Democratic President Jimmy Carter in 1980, Politico reports. Gasoline prices were soaring then, just as they are now, and Carter paid the price, losing the 1980 election to Republican Ronald Reagan.

Gas prices are now approaching $4 a gallon, almost twice their level when Obama entered office in January 2009. Just as in 1980, developments in Iran are responsible for much of the price run-up. Then it was Iran’s revolution that sparked higher prices; now it’s Iran’s threat to block oil shipments in the Persian Gulf.

Both Carter and Obama have emphasized energy conservation and development of alternative energy sources. And the Energy Department, which Carter created, is serving as the launch point of Obama’ policy.

To be sure, the two Democratic presidents are’t exactly identical in their approaches to the crises. Carter “just got this reputation of thinking we’re in a deep malaise and everybody has to cut back and use less,” Charles Ebinger, who served in President Gerald Ford’s Federal Energy Administration, told Politico. By contrast Obama is sunnier.

But Ebinger, now at The Brookings Institution, says Obama may be no more successful than Carter. “I think it’s good politics to be more upbeat about it,” he said. “But I don’t think he can win in the short run because prices are going to keep going up.”


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Democrats Name 3 Finalists to Host 2016 Convention

Monday, 24 Nov 2014 20:17 PM

Democrats narrowed the list of contenders for their 2016 national convention to three cities on Monday, announcing the p . . .

Bloomberg/Saint Anselm Poll: Romney Leads GOP Field for 2016

Monday, 24 Nov 2014 20:08 PM

Former Massachusetts governor and two-time presidential contender Mitt Romney leads the Republican field of potential Wh . . .

Texas House Speaker Nears Re-election Despite Abortion Stance

Monday, 24 Nov 2014 19:52 PM

The incumbent speaker of the Texas House has been endorsed by dozens of fellow Republicans despite his soft stance on ab . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved