Barack Obama may not be happy as he starts a 5-fund raiser swing on news of higher gas and consumer prices. The Labor Department offered some good news yesterday that new unemployment filings fell 14,000 last week, but the Federal Reserve today issued the new Core CPI Rate. The Consumer Price Index rose 0.4% in February, the highest, one-month jump since April, 2011, mainly due to higher gas prices on the New York Mercantile Exchange. In a speech yesterday in Maryland, Obama weighed on once again on how much he is doing in regards to oil and gasoline prices. But while he talks about wind, solar and algae, the price at the pump continues to increase.

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Obama even had the nerve to claim that he, not Congress, passed the payroll tax cut, anticipating that Americans would need the extra $40 every two weeks to help pay for higher gasoline prices. The Great One, Mark Levin, called Obama a ″mastermind″ for having such foresight. Of course, Levin was being sarcastic. It was not long after calling Obama a ″mastermind″ during his radio show that The Great One said what he really thinks, calling Obama a ″dummy.″

During his speech in Maryland, Barack Hussein Obama took cheap shots at Republican presidential candidates, mainly Newt Gingrich, over his drill-drill-drill plan for lowering gasoline to $2.50 per gallon, instead of the current average of $3.82. Many parts of the nation are already paying well over $4 a gallon for regular unleaded gasoline. Obama said of the GOP contenders that if they had been around back in ″the time of Christopher Columbus, they would have been founding members of the Flat Earth Society.″ Obviously, not only did Obama not know that the Flat Earth Society was founded in 1956, but that even during the days of Columbus, few learned people believed in a ′Flat Earth′ at all. If anything, they believed that they Earth was dome-shaped, not flat.

Obama, like most Liberals, cling to the notion that oil is running out and that a mistaken report from the 1970s, claiming that America uses 25% of all oil production while only having 2% of the world′s oil reserves, is still valid. As we all should know, if we read the article by John Merline from Investors Business Daily, the 2% number comes from only counting known, producing fields, and even that number is off. That instead of just an estimated 22 billion barrels of ″proven oil reserves″, we have closer to 2,300 billion barrels of oil reserves if one counts recent discoveries in North Dakota, along with known deposits of oil sands and oil shale throughout the Western states, off shore on the Continental Shelf and in Alaska. Roughly enough oil to last 200 years at our current rate of consumption.

That Barack Obama was not accurate when he claims that there is more drilling today is also an issue. While we are drilling more on private land, mostly in North Dakota, which accounts for the increase in oil production, the amount of drilling on public lands is down 11% under the Obama administration. His moratorium on off-shore drilling in the Gulf of Mexico is still delaying many planned projects. Obama has blocked any talk of developing the Continental Shelf, even in areas that are now being exploited by the Chinese off the coast of Cuba. Let us also not forget Obama blocking new drilling in Alaska and blocking the construction of the Keystone XL Pipeline. Natural gas and coal projects are also being blocked by Obama as well.

So if you are complaining about higher gas and consumer prices, blame Barack Obama. His policies are at the root of the increase of the Core CPI Rate of 0.4% in February. The highest one-month increase since April, 2011. The Labor Department and the Federal Reserve may try their best to cover Obama′s butt as the economy limps along. But gasoline and oil prices continue to rise higher on the New York Mercantile Exchange while Obama begins a 5-fund raiser sweep looking for money for his reelection.