Feed: CNBC’s John Harwood: So could the high oil prices help - AggScore: 14.4

CNBC’s John Harwood: So could the high oil prices help us?

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caption id alignalignright width188 captionFearless Dictatorimg srchttpnotalemming.files.wordpress.com201012obama7gass.jpgw188amph282 altFearless Dictator width188 height282 captionRemember how the cost of oil pushed a lot of Americans over thefinancialcliff in 2007 and early 2008 You had a choice, if you had a job. Do you pay for the gas to get to work Yes. Do you use your earnings to pay the mortgage Yes. But when gas per gallon goes from 30.00 a tank full to 80.00 to top of your tank you may find yourself short of the amount required tofulfillyour agreement with your mortgage holder, if you even knew who had your mortgage back then.Well it looks like we are about to do a repeat of those prices. But looking at the graph shown below it isapparentthat Obama is getting his way with fuel cost. A more gradual incline of the cost can indeed be seen in the graph. Its like getting into the pot of water on the stove before it gets heated up. Suddenly your the frog in the kettle of boiling water and its too late to get out.caption id alignalignnone width640 captionFuel Cost on the rise again Naaa. No trends to see here. Keep moving along please.img srchttpnotalemming.files.wordpress.com201012obamagasrise.jpgw640amph305 alt width640 height305 captionhttpwww.youtube.comwatchvqfz2WAdJ8Below you find some excerpts from a an August 2008 CNBC Interview with Obama.Well do you recall this amazing quote from this narcissistic arrogant assthe left elected.strongCNBCs John Harwood So could the high oil prices help usstronghttpwww.youtube.comwatchvt4TmifpUHsstrong strongblockquoteBarack Obama strongI think that I would have preferred a gradual adjustment. The fact that this is such a shock to American pocketbooks is not a good thingstrong. speaking of the span from december 2007 through January 2008 But if we take some steps right now to help people make the adjustment, a hrefhttpnotalemming.wordpress.com20101217californiagivesgreenlighttocarbontradefirst of all by putting more money in their pockets, but also by encouraging the market to adapt to these new circumstances more rapidlya, particularly U.S. automakersblockquoteWell it looks like we are going to get Obamas gradual increase so we are not to shocked in the pocketbook when it peaks out. But you know what Barry At the end of the day we still do not have the cash required to pay mortgage under your energy policy.