Oil

The New York Times reports: 

According to an AP story, President Obama, who is feeling the pressure on gasoline prices, has a plan for action which comes down to the usual, instinctive reaction of those in political power who find themselves frustrated by events in the real world.

A student in Norfolk, Virginia had a simple question for Vice President Biden: "Why is prices on gas increasing? You know what I mean?" Biden, after promising a "brief answer," takes 11-minutes not to answer the kid's question:

President Obama today attacked Republican presidential candidate Mitt Romney for his close ties to oil companies.

Gallup finds that an overwhelming 57 percent of American adults believe "the U.S. Government Should Approve of the Keystone XL Pipeline."

Steve Hayes, with Jeff Zeleny and Mary Katharine Ham, last night on Fox News:

President Obama is digging in on the Keystone XL pipeline. He is "personally lobbying Democrats to reject an amendment calling for its construction," Politico reports.

Speaking at the University of Miami on February 23, Obama again revealed his remarkable gift for oratory. He denied any responsibility for the rising gas prices and instead took the credit for dramatically increased domestic oil production. This took real artifice.

Don’t feel embarrassed if you can’t figure out where the American economy is headed. I don't.

The good thing about election campaigns is that they force both parties to do things, or at least to promise to do things they should have done long ago. President Barack Obama is a born-again tax cutter. He wants the top rate of corporate income tax cut from 35 percent to 28 percent, and the maximum rate paid by manufacturers reduced from the current average of 32 percent to 25 percent.

In a letter sent today to the White House, Senate Budget Committee ranking member Jeff Sessions urges President Obama “to take overdue but necessary action to confront soaring gasoline prices.”