The problem with $6/gal gas is that every schmuck filling up is going to have to pay it, not just the one's that voted for the geniuses that made a quarter-million barrels a day (250,000/bopd) from deepwater unrealized.
Hey! Here's a thought: what if O hadn't burned all that stimulus money paying off his green energy campaign buddies?
A123 Systems, an electric car battery company once touted as a stimulus "success story" by former Gov. Jennifer Granhom, D-Mich., has laid off 125 employees since receiving $390 million in government subsidies -- but is still handing out big pay raises to company executives.
[T]he company has laid off 125 employees and had a net loss of $172 million through the first three quarters of 2011," the Mackinac Center for Public Policy reports, observing that the company's primary customer, Fisker Automotive, is also struggling financially. "Yet, this month A123’s Compensation Committee approved a $30,000 raise for [Chief Financial Officer David] Prystash just days after Fisker Automotive announced the U.S. Energy Department had cut off what was left of its $528.7 million loan it had previously received."
Well, the answer's simple: he'd have quite a few billion or so - chump change all expenditures considered, really - to subsidize some gas prices he might get re-elected with.
-- Edited by catahoula on Saturday 25th of February 2012 07:23:46 PM
