From the Obama’s campaign’s latest email to his supporters:
More than 600,000 Americans have lost their jobs since January. Home foreclosures are skyrocketing, and home values are plunging. Gas prices are at an all-time high, and we’re still spending more than $10 billion every month on a war in Iraq that should never have been waged.
Obama, back in June:
CNBC’s John Harwood: So could the (high) oil prices help us?
Barack Obama: I think that I would have preferred a gradual adjustment. The fact that this is such a shock to American pocketbooks is not a good thing. But if we take some steps right now to help people make the adjustment, first of all by putting more money in their pockets, but also by encouraging the market to adapt to these new circumstances more rapidly, particularly U.S. automakers…
Or as the president of Fredonia once said, “Those are my principles, and if you don’t like them… well, I have others.”
(Video of Obama being foregainst high gas prices, here.)