FAKE NEWS: In Bizarre Rant, Schumer Claims Gas Prices ‘Never Go Down,’ Despite 12-Year Low Under POTUS (VIDEO)
Senate Minority Leader Chuck Schumer appeared on ABC’s “This Week” with George Stephanopoulos to preview the Democrat’s new economic agenda. Or so he tried. In a bizarre, rambling rant, Schumer claimed Democrats will propose the creation of a “special, special office” to crack down on drug prices.
Schumer then falsely claimed gas prices “never go down,” despite prices sinking to an impressive 12-year low under President Trump. As you’ll notice by Schumer’s awkward body language and lack of eye contact with Stephanopoulos, Schumer couldn’t even BS his way through the fake news he spewed.
FAKE NEWS: In bizarre rant, Schumer claims gas prices 'never go down,' despite prices at 12-year low under Trump. pic.twitter.com/wqFKNjsl4S
— Josh Caplan (@joshdcaplan) July 23, 2017
Over the July 4th holiday weekend, gas prices were at their lowest point since 2005, according to the AAA.
“At $2.23, today’s average national gas price is the cheapest the country has seen all year,” AAA reported. “On the week, gas prices fell in 46 states. Only Illinois, Oklahoma and Washington, D.C. saw prices increase, albeit by one cent each, while Hawaii and Maine remained flat. South Carolina continues to carry the cheapest gas in the country at $1.90. Today, consumers can find gas for $2.00 or less at one out of every four gas stations in the country.”
Chuck Schumer, appearing on This Week with George Stephanopoulos, claimed Sunday the prices are only rising, thanks to “huge companies buying up other big companies.”
“Gas prices are sticky — you know, when the domestic price goes, uh, when the, uh, price for oil goes up on the markets, it goes right up but it never goes down.,” Schumer said. “How the heck did we let Exxon and Mobil merge?”
Schumer also appeared confused over the “sticky prices” economic theory, as gasoline is cited by the Federal Reserve as an example of prices that aren’t “sticky.”
“The old Adam Smith idea of competition is gone? It’s gone,” Schumer said. “People hate it when their cable bills, airline fees go up.”
The Democrats are slated to introduce a new economic agenda titled ‘The Better Deal’.
Axios learned exclusively of the re-brand, which appears to overlap President Trump’s ‘America First’ agenda:
Pollster Geoff Garin writes in a memo kicking off the project: “[T]he Democratic policies related to curbing excessive corporate power that are being highlighted in the first day of the rollout have real resonance with voters and are strongly supported by a significant majority of Americans.”
The agenda’s big idea: “Too many families in America today feel that the rules of the economy are rigged against them. Special interests have a strangle-hold on Washington — from the super-rich spending unlimited amounts of secret money to influence our elections, to the huge loopholes in our tax code that help corporations avoid paying taxes.”
“If the government goes back to putting working families first, ahead of special interests, we can achieve a better deal for the American people that will raise their pay, lower their expenses, and prepare them for the future.”