Current Events and the Psychology of Politics
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Nov 22nd, 2008

Summary: In the summer of 2008, U.S. Rep. Michele Bachmann claimed she had a plan to lower the price of gasoline to $2 a gallon by increased drilling, including offshore drilling and drilling in the Arctic National Wildlife Refuge. However, by fall, the price at the pump dropped to nearly $2 in a matter of weeks, simply as a result of reduced demand during the economic recession.