Joe Biden’s popularity has plunged again as gasoline prices continue rising at the pump, the administration seems to be begging despots to pump more oil and Fox News is reporting that a former CEO of Cumberland Farms Gulf Oil Group thinks the administration is “inept.”
Appearing on Fox Business, former oil executive Joe Petrowski said he has “never seen anybody as inept in energy as the Biden administration.”
That cannot help the Delaware Democrat, whose latest numbers in Rasmussen’s Daily Presidential Tracking poll are dismal. Monday’s poll found Biden with a 58 percent disapproval on his job performance, while only 40 percent approve and that further breaks down to only 20 percent who “strongly approve” and 50 percent who “strongly disapprove.” This leaves Biden with a presidential approval index rating of minus-30.
Across most of the country, gas prices are well above $4 a gallon, when they were less than $3 a gallon when he took office 14 months ago.
His handling of the Ukraine crisis is under constant criticism and many of his critics say the Russian invasion of Ukraine never would have happened, had Donald Trump been re-elected and was still in the White House.
Meanwhile, Rep. Ro Khanna (D-Calif) and Sen. Sheldon Whitehouse (D-R.I.) are pushing legislation that would tax “oil barrels sold by large producers “equal to 50 percent of the difference between the current price of a barrel of oil and the pre-pandemic average price per barrel between 2015 and 2019,” according to Fox Business.
Under the proposal, “money from that tax would be sent to consumers as a quarterly rebate, according to a description of the bill, with a cutoff for single people making $75,000 or more and families making $150,000 or more.” Skeptics say the plan could backfire horribly.
Besides, consumers don’t manage their finances on a quarterly schedule, but from one paycheck to the next. Who can wait three months to get a financial boost?
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