22 Aug '11, 10am

Keeping Michele Bachmann Honest on Gas Prices

My immediate reaction to that was to wonder whether she is really that naive, or simply making dishonest campaign promises that she knows she can't keep. Perhaps she truly believes deep down that she could achieve this. In that case, she has to be one of the most naive presidential candidates to come along in quite some time. (And for the record, I think cheap gasoline is a terrible idea in any case. We should not encourage consumption of depleting resources. I laid out my reasoning and a fair plan for raising gas taxes in How Much Are You Willing to Pay to be Nuke-Free? ). Let's first take a look at the basic claim. I have seen many people repeat her claim that gasoline was $1.79 a gallon when Obama took office, but I haven't seen anyone fact check that. So I went to the EIA statistics , and found that the week before Obama took office (his inauguration was on Tuesday, Ja...

Full article: http://www.theoildrum.com/node/8286

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