US Politics

[uls]

number 1 problem of Biden admin

price of gasoline

The White House has one problem that rules them all: Gas prices - POLITICO

The White House has one problem that rules them all: Gas prices

For the past several months, a White House-led team of economic specialists has marked each day in the same way: With a painstaking, state-by-state examination of gasoline prices and the intricate market forces pushing them relentlessly upward.

obsessed

Senior officials and others close to President Joe Biden view those prices as the cost that most directly affects voters’ everyday lives, and therefore their perception of the economy as well. As such, Biden and his top advisers fixate on them with an intensity that some aides describe as obsessive. White House chief of staff Ron Klain has grown particularly absorbed by the issue, checking the average price of a gallon of gas every morning. He’s lamented that it’s the one item everyone knows the cost of because gas station billboards are so ubiquitous throughout the country.

“Could they advertise anything else?” Klain rhetorically, and ruefully, asked one recent visitor.

little control

patay sila sa midterm

The White House’s focus on gas prices is bred from two sobering political conclusions top officials have made. The first is that they have little control over the problem. The second is that as prices rise at the pump, so do Democrats’ odds of a midterm wipeout — especially as the average U.S. gallon of gas hits fresh record highs.

“There really isn’t one silver bullet,” said one person familiar with the discussions. “It’s a really difficult issue to message around when you can’t deny the reality.”

ideas ideas

In a frantic effort to try to slow gas prices that have risen by a dollar per gallon in just the last three months, Biden aides have internally debated a host of ideas. Led by the National Economic Council, the cross-government team filled with aides from Cabinet agencies like the Department of Energy, State Department and Treasury has weighed endorsing a federal gas tax holiday, restricting oil exports, relaxing certain environmental rules or leaning on the oil industry to restart closed refineries.

People familiar with the deliberations say they’ve snagged, in part, because each option comes with complicated tradeoffs and drawbacks that could prove politically painful and may not guarantee to make a dent in the price of gas.

The White House, for instance, has held off for months on backing a gas tax holiday, amid divisions within the Democratic Party and skepticism a roughly 18.4 cent-per-gallon discount would be passed on to consumers. Top aides are under increasing pressure from front-line members to embrace the idea, but Biden also was vice president when Barack Obama mocked a gas tax holiday as pure political gimmickry.

Another option pushed by some congressional Democrats — banning oil exports — would antagonize the industry, and risks backfiring by inflating the world oil prices that determine gas prices at the pump. A proposal to waive certain smog rules would similarly spark a backlash from climate groups.

Absent government action, Biden officials have pushed private industry to help. But they’ve so far struggled to convince domestic oil companies to rapidly fill the gap.

release oil from SPR

so much for that

very little effect

Adding to the dilemma, the administration already turned to its biggest tool in March: A record-setting release of oil from the nation’s strategic reserve. Officials had hoped that the extra million barrels a day would ease supply strains created by Russia’s invasion of Ukraine and the subsequent sanctions imposed on the world’s third-largest producer. But the supply offered only temporary relief, with prices resuming their march upward within weeks.

“What they have is a whole bunch of 10-cent policies,” said Claudia Sahm, a former Federal Reserve economist and member of the Obama administration’s Council of Economic Advisers. “There’s a kind of defeatism.”

let's go brandon

The predicament has vexed administration officials already battling rising costs on a number of other fronts, with inflation at a 40-year high and polls showing voters souring on Biden’s handling of the economy.

haha

putin's price hike

the gaslighting ain't working

Publicly, the White House has continued to blame Russia for the record gas prices, attempting for months to brand the increase as “Putin’s price hike” in hopes of convincing people the issue is largely out of Biden’s hands. But with the war showing no signs of abating, some Democrats privately complain that the messaging is ineffective — and that the White House needs to make a bigger show of at least attempting to fix the problem.

[StockEngine]

yellen admitting she was wrong... LOL

[Athrunzala]

[madball]

Soft landing soon.

[jojopad]

I'd trust elon over that aoc anyday lol. Galing lng ng liberals and their msm, they control the narrative.

Elon Is A Douche

[kagalingan]

hoootaena buhay yan bts. Ang boyband na may titeh sa nuo hahaha!!!!

baduy!!!!!

[StockEngine]

Elon Is A Douche

Douche 》 lying politician...

[uls]

Elon Is A Douche

pretty obvious what this guy's ideology is

napansin ko sa bbm thread

disciple ng liberal media

pareho sila ideology ni maria ressa

[uls]

let's go brandon

[Dr.Kamiya]

nag backfire

That guy obviously didn't think things through before doing that poll.
Musk has 96 million+ followers to AOC's 13m, and is popular with people across both parties.

Tinitira sya for being a billionaire, forgetting that the reason he became one is because he actually creates value.
Lots of Tesla and SpaceX stans are democrats.