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

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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.

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