Why Rising Gas Prices Could Backfire on the GOP in November
huffingtonpost.com — Eight months before the fall elections, Republican strategists are in a dour mood. The one thing Republican political pro's are cheering right now is the rapidly increasing price of gas at the pump and the underlying cost of oil. The conventional wisdom holds that if gas prices increase, it will inevitably chip away at support for President Obama - and there is a good case to be made. After all, increased gas prices could siphon billions out of the pockets of consumers that they would otherwise spend on the goods and services that could help continue the economic recovery - which is critical to the President's re-election. But Republicans shouldn't be so quick to lick their chops at the prospect of rising gas prices. Here's why.