Well, when Michelle Bachmann promises something she really shoots for the moon.
At a town hall meeting in Greenville, S.C., today, Michele Bachmann said if she became president gas prices would fall dramatically.
“Under President Bachmann you will see gasoline come down below $2 per gallon again. That will happen,” Bachmann said, according to The Hill.
There’s no word on whether she added that that the rise of the oceans would begin to slow as well.
Certainly there are things that the federal government could do to help cut gas prices. Lowering gasoline taxes, opening up more areas for drilling and cutting back on regulations might put a dent on gas prices, but these measures would only go so far. Oil is a global commodity. Or, to quote from one of the snarky commenters at NRO, what is she going to, make the Chinese stop consuming oil?
Daniel Foster also helps put her comments into perspective.
The only policies I can think of that would surely accomplish the $2.00 a gallon target are:
1) The seizure by force and nationalized exploitation of a large proportion of the world’s oil supply.
2) The massive federal subsidization of fuel costs.
3) The fomenting of a second global recession as bad as or worse than the last one, complete with negative global GDP growth.
Gas prices could fall below $2 per gallon were Bachmann to get elected, but it would not principally be due to policy measures of the government.
This sort of political messiahnism is an annoying trend in our politics, but it’s doubly depressing coming from a conservative. It’s one thing for a leftist like Barack Obama to promise the sun, the moon, and the stars, but one would not expect such unrealistic promises from someone touting themselves to be a limited government conservative.
Unfortunately this lack of perspective on the office of the presidency and the powers within that office runs both ways. Continue reading