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High Oil Prices Could Cost President Obama at the Polls

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    Former Clinton advisor Doug Schoen and former deputy assistant to George W. Bush Brad Blakeman on President Obama's plan to regulate the oil markets.

  • Duration 4:27
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The later on but on the president's Miami let's bring in Brad Blake -- former deputy assistant to George W.

Bush and former Clinton advisor Doug shown to weigh in -- -- -- -- -- Will it play it is just a political move politically -- make a difference -- stand -- out there with Eric Holder.

He -- what he's trying to do.

Deflect attention away from himself.

On to oil companies who does -- this is an election that turns on the White House and their performance on gas prices.

He can't win if he can blame the oil markets oil speculators and most -- oil companies then he has a chance to deflect attention and benefit politically and.

Read on that note if you look at this Fox News poll that was done recently went when voters were asked who is to blame for high gas prices.

19% said big oil companies second was President Obama 15% speculators -- paid -- fifth at 7%.

In on the scale there's so what difference does this make going -- to illegal manipulators.

It doesn't make a difference this is about speculation this is about deflection and -- it's quite right the White House that is in.

Campaign mode.

They're gonna blame somebody else there is no more bush to blame they've got to look for other scapegoat speculators.

Are the scapegoat but I got news for the president.

Exxon is not up for election.

In 2012.

Is the president.

And with a gas prices that have gone over a 100% since taking office the American people are gonna blame this president doesn't have an energy policy.

And quite frankly he's retarded our ability as a nation to provide for our own resource -- which make us more dependent on foreign sources of oil.

Doug this is more of say evil Wall Street manipulators vs hit -- hit it big evil oil companies.

At least what the president will be talking about shortly but do you think that because gas prices have leveled off road could see them fall.

Potentially depending on what happens in the Middle East perhaps going into the election does that mean that gas prices becomes less of an issue.

Oh absolutely the real fear in the White House.

Is that oil prices will go up and gas prices this summer we'll get closer to five dollars during the summer driving season when they.

Typically go up and I recognize well that today he's talking about speculators he's been talking about oil.

Companies before he wants to combine the two poll numbers and get about a quarter of the country that thinks that.

The oil interest company speculators are the problem he wants them to get the blame.

Because while -- May overstate the case he's not entirely wrong that the American people really have doubts about the administration's oil policy.

In terms of your major financial issues that Brad you have gasoline prices -- how much money people are making you have the unemployment rate -- interest rates.

Yet the national debt of those what is the biggest financial issue that would drive what happens in November you think.

I believe it's jobs it's jobs and gas prices because the jobs obviously affect.

An American -- out of work every day gas prices affect everybody no matter what your income level.

No matter where you stand in society the fact is when you go to that gas pump it hurts.

And I was -- -- gas pump last week here in Virginia.

We're gas prices -- -- -- four dollars a gallon.

And I would I noticed the woman had a minivan I've sought.

Kids' toys in the back and I Esther I -- -- put twenty bucks in your opinion tank.

Don't you need a full tank -- ensuring beautiful tank but I'm I'm not getting the full tank of only getting what I need and I'm I'm thinking once twice three times.

As to what I do at home and and this is not where America should be and it's a crisis created unfortunately.

-- exacerbated by this president and the fact is that he doesn't have an energy policy which lends itself to making America able to provide for herself -- we have a.

Net energy policy since I was born -- final word to you yeah our way again would say.

The real political problem is if that woman.

Literal -- metaphorical.

Is only putting twenty dollars in.

President Obama's gonna start suffer so he's gonna do everything he -- -- all of the above energy policy we're really drilling they didn't.

He's gonna do all of that to deflect attention because -- conclusion is ultimately right.

This could -- the president at the polls purely.

-- -- thank you start Brad white men do you as well great to see about welcome back and --