Gasoline Prices Rise, Politicians Fall
Monday, March 17, 2008 Filed in: Media
There are some basic laws in politics. One of them is
about to be implemented. When gasoline prices go up,
the incumbent party falls.
If you're a Republican running for office look out. Gasoline prices are on the rise.
Here in Hawaii we're already comfortable with gasoline at a record $3.50 a gallon. Comfortable? Well, we don't have anywhere to drive. Elsewhere in the country gasoline is move well above $3.00 a gallon and $4.00 a gallon is expected in some areas, perhaps well before the fall general election.
When Jimmy Carter was President gasoline was 60-cents a gallon. When gasoline went above a dollar a gallon, Jimmy became unemployed.
When George Bush #1 was President, gasoline was under a dollar again. It went above a dollar again when he ran against Bill Clinton. George #1 became unemployed.
No matter what, George #2 will be unemployed after January 2009, but if gasoline continues an upward spiral, John McCain is likely to take a lot of Republican office holders with him toward unemployment.
Why? It's the law of supply and demand. When gasoline prices rise, voters demand unemployment for their politicians. It has nothing to do with supply.
Unless it's changing the supply of politicians.
If you're a Republican running for office look out. Gasoline prices are on the rise.
Here in Hawaii we're already comfortable with gasoline at a record $3.50 a gallon. Comfortable? Well, we don't have anywhere to drive. Elsewhere in the country gasoline is move well above $3.00 a gallon and $4.00 a gallon is expected in some areas, perhaps well before the fall general election.
When Jimmy Carter was President gasoline was 60-cents a gallon. When gasoline went above a dollar a gallon, Jimmy became unemployed.
When George Bush #1 was President, gasoline was under a dollar again. It went above a dollar again when he ran against Bill Clinton. George #1 became unemployed.
No matter what, George #2 will be unemployed after January 2009, but if gasoline continues an upward spiral, John McCain is likely to take a lot of Republican office holders with him toward unemployment.
Why? It's the law of supply and demand. When gasoline prices rise, voters demand unemployment for their politicians. It has nothing to do with supply.
Unless it's changing the supply of politicians.
