The Hill reports that Rep. Michele Bachmann vowed that gas prices would fall to under $2 a gallon if she became president:
Bachmann, speaking to a town-hall meeting in South Carolina, said she would pursue energy policies that send pump prices down to levels not seen since early 2009, at the thick of the U.S. recession.
“Under President Bachmann you will see gasoline come down below $2 per gallon again,” she said in Greenville. “That will happen.”
Over at The Corner, Dan Foster wonders why a conservative candidate would pretend the presidency has such power as well as just how in the world this would happen. Getting rid of the entire federal fuel surcharge would only cut 18.4 cents per gallon, he notes. He offers the only three ideas he can think of that would achieve this campaign pledge:
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.
I understand that politicians make unattainable pledges all the time. But this one seems fantastical, no?