In 2008, Fox News Explained—Accurately!—That Presidents Can't Lower The Price of Gasoline

A blog about business and economics.
March 5 2012 10:02 PM

In 2008, Fox News Explained—Accurately!—That Presidents Can't Lower The Price of Gasoline

MARIETTA, GA - MARCH 05: As a gasoline container is seen on the table as volunteers participate in phone banking at the Cobb County Call Center for Republican Presidential candidate and former Speaker of the House Newt Gingrich March 5, 2012 in Marietta, Georgia. Ten states, including Georgia, will hold caucuses and primaries tomorrow for voters to pick their choices for the Republican presidential nominee. (Photo by Alex Wong/Getty Images)

Photo by Alex Wong/Getty Images

The progressive media watchdog group Media Matters has put together a great video compilation from 2008 of Fox News explaining that it's not reasonable to blame the president for high gas prices:

It's really an excellent series of explanations. And the point Media Matters is correctly making is that Republicans efforts to blame Barack Obama for today's situation are nonsense. Of course by the same token, many Democrats were talking nonsense back in 2008 and few Democratic-aligned groups were hitting them for it at the time.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.



Blacks Don’t Have a Corporal Punishment Problem

Americans do. But when blacks exhibit the same behaviors as others, it becomes part of a greater black pathology. 

I Bought the Huge iPhone. I’m Already Thinking of Returning It.

Scotland Is Just the Beginning. Expect More Political Earthquakes in Europe.

Lifetime Didn’t Think the Steubenville Rape Case Was Dramatic Enough

So they added a little self-immolation.

Two Damn Good, Very Different Movies About Soldiers Returning From War

Medical Examiner

The Most Terrifying Thing About Ebola 

The disease threatens humanity by preying on humanity.

Students Aren’t Going to College Football Games as Much Anymore, and Schools Are Getting Worried

The Good Wife Is Cynical, Thrilling, and Grown-Up. It’s Also TV’s Best Drama.

  News & Politics
Sept. 19 2014 9:15 PM Chris Christie, Better Than Ever
Business Insider
Sept. 20 2014 6:30 AM The Man Making Bill Gates Richer
Sept. 20 2014 7:27 AM How Do Plants Grow Aboard the International Space Station?
  Double X
The XX Factor
Sept. 19 2014 4:58 PM Steubenville Gets the Lifetime Treatment (And a Cheerleader Erupts Into Flames)
  Slate Plus
Slate Picks
Sept. 19 2014 12:00 PM What Happened at Slate This Week? The Slatest editor tells us to read well-informed skepticism, media criticism, and more.
Brow Beat
Sept. 19 2014 4:48 PM You Should Be Listening to Sbtrkt
Future Tense
Sept. 19 2014 6:31 PM The One Big Problem With the Enormous New iPhone
  Health & Science
Bad Astronomy
Sept. 20 2014 7:00 AM The Shaggy Sun
Sports Nut
Sept. 18 2014 11:42 AM Grandmaster Clash One of the most amazing feats in chess history just happened, and no one noticed.