{"id":6446,"date":"2012-02-17T14:32:55","date_gmt":"2012-02-17T22:32:55","guid":{"rendered":"http:\/\/www.newscorpse.com\/ncWP\/?p=6446"},"modified":"2012-02-17T14:32:55","modified_gmt":"2012-02-17T22:32:55","slug":"fox-nation-vs-reality-the-gas-price-myth","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=6446","title":{"rendered":"Fox Nation vs. Reality: The Gas Price Myth"},"content":{"rendered":"

Fox Nation has joined Fox News and most of the right-wing noise machine in attempting to slow President’s Obama’s increasing popularity due to the recent trends in the improving economic and employment numbers. They have settled on the issue of rising gas prices as a means of disrupting the President’s positive momentum.<\/p>\n

\"Fox<\/center>
\n<\/p>\n

The only problem with asserting that Obama is responsible for a massive spike in gas prices is that it doesn’t happen to be true. The 83% figure was derived from calculating gas price changes from Obama’s inauguration to the present. But that doesn’t take into account that in the weeks prior to the inauguration there was a worldwide economic meltdown that was the catalyst for a precipitous drop in gas prices. As noted by economists<\/a> at the time, “The overwhelming cause of the collapse in oil prices has been the faltering world economy, which has fueled the drop in consumption.”<\/em><\/p>\n

Here are the facts:<\/strong> Gas prices peaked at $4.12 per gallon in the summer of 2008. By the time Obama was inaugurated the following January, the Bush recession that began in the fall had caused prices to drop to $1.61. While everyone likes lower gas prices, nobody wants them to decline due to people being too poor to purchase it. But that’s what happened in late 2008.<\/p>\n

Arguably, the rise in gas prices since then validates the Obama economic revival that has produced higher retail fuel consumption. So a proper comparison would not begin at the lowest point of a recession that Obama had nothing to do with. It would begin from the pre-recession market until the present. By that measure gas is 17% lower.<\/p>\n

Don’t hold your breath waiting for Fox News to present these facts, or any others that make the President look good. Their mission to destroy this presidency and anything that resembles progressivism is more important to Fox than facts.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fox Nation has joined Fox News and most of the right-wing noise machine in attempting to slow President’s Obama’s increasing popularity due to the recent trends in the improving economic and employment numbers. They have settled on the issue of rising gas prices as a means of disrupting the President’s positive momentum. The only problem […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[219,1],"tags":[183,527],"class_list":["post-6446","post","type-post","status-publish","format-standard","hentry","category-economy","category-general","tag-barack-obama","tag-fox-nation"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Ijg-1FY","jetpack-related-posts":[{"id":9089,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=9089","url_meta":{"origin":6446,"position":0},"title":"Fox Nation vs. Reality: Record High Gas Prices Far Below Actual High","author":"Mark NC","date":"2\/12\/2013","format":false,"excerpt":"Be sure to read the book that Wonkette calls \"A valuable contribution to the effort to chip away at Bullshit Mountain.\"Fox Nation vs. RealityPerhaps the single biggest driver of economic activity among commodities is the price of gas. It impacts the economy on a multitude of levels from shipping to\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":953,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=953","url_meta":{"origin":6446,"position":1},"title":"The Fox Frame: Seven Dollar Gas","author":"Mark NC","date":"6\/22\/2008","format":false,"excerpt":"To the surprise of no one, Fox News has been promoting the notion that the rise in gas prices is the fault of Democrats. Neil Cavuto posited that very theory a couple of months ago in a segment subtly titled, \"Democrats to Blame for High Gas Prices?\" The introduction to\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6933,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=6933","url_meta":{"origin":6446,"position":2},"title":"Fox Goggles: Headlines You Won’t See On Fox News","author":"Mark NC","date":"4\/23\/2012","format":false,"excerpt":"Today News Corpse is premiering a new feature called Fox Goggles. It will feature newsworthy stories that are reported elsewhere in the press but ignored by Fox News. These will usually be stories that are either favorable to liberals or not sufficiently disparaging to them. You know, the sort of\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6667,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=6667","url_meta":{"origin":6446,"position":3},"title":"Fox News Poll: Obama Beating All GOP Challengers","author":"Mark NC","date":"3\/15\/2012","format":false,"excerpt":"A new Fox News poll reports that President Obama is in pretty decent electoral shape despite the concerted efforts of Fox News to sabotage the administration. The poll puts Obama's job rating in favorable territory with 47% approving and 45% not approving. On Obama's personal favorability, Fox finds him doing\u2026","rel":"","context":"In "Election"","block_context":{"text":"Election","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=152"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6061,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=6061","url_meta":{"origin":6446,"position":4},"title":"Fox Nation’s Extra Special Stupidest Lies About Obama In 2011","author":"Mark NC","date":"12\/28\/2011","format":false,"excerpt":"In compiling another retrospective of the soon to be completed year, I thought I would present a list of all of the lies featured by the folks at Fox News for 2011. Turns out that there isn't enough bandwidth on the Internet for that. So I sought to narrow down\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9439,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=9439","url_meta":{"origin":6446,"position":5},"title":"Fox Nation vs. Reality: Obama Takes A Dive Within The Margin Of Error","author":"Mark NC","date":"4\/8\/2013","format":false,"excerpt":"Fox News seems not to understand the meaning of common figures of speech. It's another way that they manifest their departure from the real world that the rest of us inhabit. 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