Soaring gasoline prices are threatening to undercut President Barack Obama’s re-election prospects and offering Republicans an easy target. With prices pushing $4 a gallon and threatening to go even higher, Obama sought Thursday to confront rising public anxiety and strike back at his GOP critics.
“Only in politics do people root for bad news, do they greet bad news so enthusiastically,” Obama said of Republicans. “You pay more; they’re licking their chops.”
Obama said dismissively that all the Republicans can talk about is more drilling — “a bumper sticker … a strategy to get politicians through an election” — when the nation’s energy challenges demand much more. In a speech in Miami, he promoted the expansion of domestic oil and gas exploration but also the development of new forms of energy.
For all the political claims, economists say there’s not much a president of either party can do about gasoline prices. Certainly not in the short term. But it’s clear that people are concerned — a new Associated Press-GfK poll says seven in 10 find the issue deeply important — so it’s sure to be a political issue through the summer.