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Gas prices skyrocketing the White House touting its accomplishments on energy independence.
Citing a new progress report that -- achievements in several key areas seven of them including domestic policy Stephen Moore senior writer.
For the Wall Street Journal Stephen good morning to you I've -- as you answer this publisher of the Washington Post -- a bit earlier today.
This is the president's approval number on gas prices 65%.
-- that's a shot across the bow.
It sure is and what that's indicating to me bill -- that the American people are connecting the dots between the high gas prices were paying today.
Vs the last three and a half years of Obama energy policy which has been hop style to.
Drilling for natural gas in this an oil in this country which we have in such a botnet -- and that's you know the chickens have come home to roost in these high.
Gasoline prices now look we all know that the major reason that -- gas prices are high right now it's because of the turmoil in the Middle East but there's no question I and I think the American people understand on this that when he up.
Policies that are not encourage Enron development that's gonna cause higher prices as well.
First just one example bell and -- I've been watching for 127.
Years we've been debating drilling in Alaska per every year that I've been here we've never done that just think of how much more on gas we have today if we had been drilling for.
Four I oil gas and.
It goes back in 1979 play exactly -- high energy prices.
Up with the lingering hangover -- that massive -- And while what formula does that create now politically.
Well think about it this way -- we -- we have two large deficits in this country want is obviously the budget -- that the trillion dollar budget that's running that you and I talk about all the time on the -- well we don't talk a lot about is the is that that upset and our trade our trade deficit which is also extremely high.
Think about this -- what is the number one import in this country today.
It's its oil you know this is the that we spend more money importing oil than any other products -- That this is how it all ties together it's bad for our national.
Energy -- -- -- I'm sorry it's bad for our national economy but it's also really.
Harmful to our national security that we're so dependent on countries like I Saudi Arabia excuse -- around I.
Say that statement from the president only moments ago we've made progress with imports.
Of foreign oil.
Yeah it right -- it.
They they are right we this is still like the untold stories that we actually have been.
Producing oil and gas in this country in places like North Dakota I just got back from North Dakota about ten days ago an incredible story there but here's the problem the president is taking part of credit for what's going on in oil and gas when he's actually opposed all of these developments in fact you talk to people in North Dakota in the states that are doing the oil drilling they say they've never faced an an administration that is so opposed.
To -- putting more regulatory roadblocks to what they're trying to do.
That -- this is only the tip of the iceberg if we actually had a president who was supportive of this industry.
You could see you know doubling of the production of American oil and natural gas and by the way don't forgot one of his major.
Tax increases these put on the table is that as a four billion dollar a year tax increase on the oil and gas industry that's not gonna encourage crop production and development North Dakota unemployment figures and 3% I -- you know what -- accurately even noticeable right.
You know what when you go there it's an amazing place by the way -- you know when you go to north -- like.
But going back to the old -- during the -- -- a semi -- and back when you tell people that they haven't 3% unemployment rate -- they say they're about 3% unemployment they said we've got thousands and thousands of jobs that we can't -- we got -- -- of unemployment rates up you know folks if you look at her job there's trucking jobs there's pipe threading a giant -- -- -- -- you know extraordinary place in the country -- where they're actually building housing.
Really an -- but got a house.
That this also from the Washington Post poll overall number now we take everything together 50% disapprove.
That's a serious -- going in this election and when you think about high energy prices.
And you think about the days of Jimmy Carter that's what really was the Achilles heel for Carter.
You wanted to throw in there -- high energy was a big deal.
-- energy -- high inflation and those two things tied together -- one of the reasons by the way.
High energy costs are a problem for the American consumer is it's not just.
That you pay more at the gas pump but it means that you pay more when you buy groceries and other things because it's you know -- energy is an input and everything that we produce in this country so you're right to go back to 1980 I mean.
But that was one of the reasons that Jimmy Carter lost to Ronald Reagan was remember I don't know if you're you're old enough to remember we had we get 15% inflation in 1980 -- 20% mortgage interest rates that would -- -- -- I've duo memory of that.
A couple ideal I was I was -- -- at all that operatives Stephen thank you.
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