WCW is not as all-knowing as he thinks he is/portrays.
Excerpt from The Star 5 June 2011:
Trim the excesses and wastage
On The Beat
By Wong Chun Wai
WHEN Barack Obama was asked what action he was going to take after gas pump prices had shot up continuously for 35 days, the US president openly declared he had no immediate solution. It was a simple yet honest answer despite the impact it would have on his popularity ratings.
If Datuk Seri Anwar Ibrahim can reduce the price of petrol as he claims, I am sure Obama would be quite keen to hear from him. The Opposition Leader must have a magic wand. He may be able to do it but the long-term effects would be disastrous and could well bleed the nation. To put it bluntly, it could bankrupt Malaysia.
Hey genius, know what? Barack Obama should know what action can be taken, because he is the direct cause of higher gas prices:
The Obama administration’s monetary policies have added approximately 56.5 cents to the price of every gallon of gas you pump, according to a new congressional Joint Economic Committee report.
Estimates suggest that had the dollar maintained the value it had when Obama came into office, gasoline would cost approximately $3.40 per gallon instead of around $4 per gallon in many parts of the country.
The report attributes this increase to the Federal Reserve’s policy of increasing the money supply through the purchasing trillions worth of bank notes, treasury notes and mortgage-backed securities, known as quantitative easing, which it says has fueled inflation.
As well as this:
Because of current U.S. policy, U.S. companies are prohibited from developing oil fields that lie in Cuban waters and come within 50 miles of Florida. However, Cuba is exploring and developing these oil fields, estimated by the U.S. Geological Survey to possess more oil than the Alaska National Wildlife Refuge, and Cuba is partnering with China and other countries, such as Spain, France, and Canada.
The Castro Regime will begin drilling off the coast of Florida this year and will go deeper than the Deepwater Horizon rig that exploded in the Gulf of Mexico in April.
But, US companies are not so fortunate.
In December the Obama Administration issued a massive new ban on offshore oil drilling in the eastern Gulf of Mexico or off the Atlantic and Pacific coasts.
In April, Shell Oil announced that because of Obama’s radical EPA, they will be forced to stop drilling off the coast of Alaska. A village of 250 people 70 miles away may be harmed by emissions.
Yesterday, with gas prices at $4 per gallon Senate Democrats rejected a GOP bill to expand drilling in the US.
In an interview with the Wall Street Journal in September of 2008, Steven Chu said that “gas taxes should slowly be increased over the next 15 years in order to force people to turn to alternative energy sources”.
Obama‘s Energy Secretary Chu went on to say, “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe”. Which, by the way, are presently at $8 a gallon.
Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.
It seems that Malaysian MSM types without fail support BN and Obama.
The former because BN component parties own their papers which in any case wouldn’t have their Print Licenses renewed if they were critical of BN… The latter because they rely on the Obamaphilic American MSM for their American news input.