Update to this story. Not to mention how it hurts the rest of us…
Via Daily Caller:
President Barack Obama has just proposed a $10 tax on every barrel of oil produced in the U.S., but it was just five years ago the president warned making fuel more expensive harms poor people the most.
Obama told Georgetown University students in a 2011 speech that “rising prices at the pump affect everybody -– workers, farmers, truck drivers, restaurant owners, students who are lucky enough to have a car.”
Five years down the road, Obama is proposing a 30 percent tax on each U.S. barrel of oil — since oil is hovering around $30 per barrel. What’s interesting is that in 2011, Obama himself said a $10 rise in oil prices translated to a 25 cent rise in gasoline prices.
“And every time the price of a barrel of oil on the world market rises by $10, a gallon of gas goes up by about 25 cents,” Obama said in 2011.