The Ed Show   |  March 07, 2012

Fox News pumps fear over gas prices

Fox News is critical of the Obama administration over gas prices. Did they have the same reaction when prices skyrocketed under President Bush? Ed Schultz shows the tape for a little perspective.

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This content comes from Closed Captioning that was broadcast along with this program.

>>> the next time you hear some politician troting out some three point plan for $2 gas, you let him know we know better many.

>> that was president obama in north carolina earlier today hitting the republicans on gas prices . the right wing is united in attacking the president on energy, as john boehner , this debate is a debate we want to have. really? of course it's much ez yiasier to have that when you have fox news on your side. take a look.

>> gas goes up almost double under this president? did anyone see that coming? here is a guy who said no i'm good for the economy. no he has been nothing but bad.

>> republicans will have to explain why gas prices have gone up and unlike the white house which seems to suggest that these are just some random of fact, point to the president's role in causing the gas prices to go up.

>> gas prices rise and fall under every president but president obama is the first to try and actively stop supply and production in the united states from increasing.

>> why is nobody talking about this? i have been wondering.

>> the headline on dredge right now.

>> gas prices have been incredibly high the last couple years and seems like this is not front and center.

>> now, for those folks who like to deal in facts, here are a few we should all pay attention to. since president obama took office the number of oil rigs operating in the united states has tripled, total domestic oil output is up 8%. after declining under president bush . rising oil prices are caused by a number of factors. from tensions in the middle east to wall street speculation, there is not much the president or any president can do about that, but don't just take my word for it, listen to the words of the enlightened few over on fox news, back in 2008 .

>> the facts are behind them, the facts are as you suggested, no president has the power to those are market forces .

>> you got a booming global economy , china and india are slopping up all the oil faster than we can these days and that is not so sinister response to what is going on.

>> at this point it's tough for the president i have to be honest with you, he doesn't have control what will happen with the markets and the economy and with oil prices and supply and demand and gasoline, it is out of this president's hands. dplfrmt the next time you hear a politician say he or she will bring down oil prices understanding it's complete bs.

>> wow! no spin zone there, huh big guy ? play the tape on your show tomorrow