https://issuesinsights.com/2022/07/07/will-5-gal-gas-be-the-death-knell-for-bidens-i-did-that-presidency/
It’s a given that the Democrats are in trouble in the 2022 midterms. But President Joe Biden might also be on his way out. Desperate Democrats are sending signals they’d be happy if he didn’t run again in 2024, and might be even happier if he left before that, and took Vice President Kamala Harris with him. Why? A look at his disastrous bumbling on energy tells you all you need to know.
For those around during the 1970s, the gold standard for political ineptitude has always been President Jimmy Carter. Forty-three years ago this month, Carter gave his now-infamous “Address To The Nation” on energy policy.
It was a disaster, and wrong on all counts when it came to both basic economics and energy.
Some of his most memorable quotes, courtesy of the Foundation for Economic Education:
“The oil and natural gas we rely on for 75% of our energy are running out.”
“We can’t substantially increase our domestic production …”
“Within 10 years we would not be able to import enough oil — from any country, at any acceptable price.”
These were just a few of the many defeatist fatuities in that infamous speech, not one of them true. But no one thought Carter was intentionally lying. He was just wrong. And it led to soaring prices, gas rationing with lines that lasted for hours, and economic misery.