How did Bush lower gas prices?

The major reason why we are paying so much for gas is due to our flawed monetary system and, since neither candidate has even mentioned this issue, neither of them are going to be able to fix our problems.

The entire money supply of the United States is controlled by individuals within the private corporation known as the Federal Reserve Bank.

Since the world's monetary system is based around the dollar, every time inflation occurs, the price of dollar-based commodities rise.

How does inflation occur?

Very simple:

Here are the steps -

1) Our government needs x billions of dollars to operate - unfortunately, much of this money does not exist. Where do they get this money?

2) The government goes to the Federal Reserve Bank (a private organization - NOT a government entity) and applies for a loan - only that they are borrowing money that does not exist yet.

3) The Federal Reserve Bank prints this borrowed money and gives it to the US government as a loan.

This loan is called our "National Debt".

4) All this newly created money is spent by the government. This puts all those extra dollars out there in circulation.

5) This devalues the dollar (the more you have of something, the less value it has) and drives the prices of goods up.

6) You and I suffer the most because we are on fixed incomes and, while our wages stay the same, prices keep going higher and higher.

7) Corporations that deal in commodities, such as oil, benefit the most from this system. This is why oil companies see such huge spikes in profit.

The framers of our constitution did not want our nation's money supply to be controlled by a central bank - this gives too much power and influence over government by a selected few.

Since the government needs money, and money gets people elected, very few politicians are willing to speak out against this unconstitutional system.

We need a candidate who is ready and willing to take on the Federal Reserve and implement the necessary reforms to get this country back on its feet.

Just my two cents.

I appreciate what you're saying - yet enable's be reasonable. reducing expenses in straight forward terms will advance intake and lessens the marketplace stress for bigger - gasoline financial gadget vehicles, extra useful automobile maintenance, close by procuring ideas, and so on,and so on. And till the U. S. lowers its ridiculous intake expenses there's no way enjoyed ones oil production will meet our needs. Any oil field it is got here across - even no remember if that's Kuwaiti - sized will nonetheless take 10 years or with the intention to fulfill our needs. there are various sensible steps that a president ought to take including ushering in an Apollo- like software to offer hydrogen gasoline cellular vehicles and a distribution community for the hydrogen. yet all of us understand how lots a president will particularly do to help the atmosphere if it hurts his donors. Nada.

Blame congress for bringing the price of gas from 1.25 to 4.00 in their short 2 year reign!

Haha, it's fun to say stupid things, maybe I should vote Republican?

You are making a false assumption that the president has complete control of pricing ... domestic oil prices are globalized and largely controlled by OPEC

Bush has no direct control on oil prices. they are the result of the market. The market is made up of people. people are influenced in their behavior by many different things. If they feel that supply will shrink they will act accordingly and if they think it will increase many will likely sell, thus lowering prices..

Gas prices haven't lowers vis a vis 1.25 to 4.00...but the prices are going down now...finally, since he announced he was ridding the deep water drilling ban...which Speaker Pelosi refused to bring to a vote as she didn't want to embarrass BHO.

He actually thought it meant that filling up a Lowrider was lowering the gas prices. He was obviously wrong, but he's still scratching his head today.

He didn't. It's supply and demand based. A lot of people can't afford it since it's over $4 a gallon so people are choosing other methods of transportation and traveling less. Don't give Bush credit for it Please!

1.25 when he was elected?

Once he lifted the executive ban on drilling prices dropped and continue to.

Edit:

The credit and housing crunch combined with lowering interest rates are responsible for the weak dollar. Not Bushy boy.

The President has no control over oil prices.

OPEC produces the majority of the worlds oil, so if you want to blame someone, blame them.