Carter: Oil Industry Will Hold Down Prices to Help Republicans
Former president Jimmy Carter predicted on August 27 that â€śoil companies will hold down oil prices a little bit, you know, to try to help the Republican ticket.â€ť
Carter, who was talking to co-host Harry Smith on â€śThe Early Showâ€ť that morning, also said that the economy would be the most important issue, â€śas it was when Bill Clinton was elected the first time.â€ť
The former president also said it was â€śsurprising and gratifyingâ€ť when presumptive Democratic candidate Sen.
Greg Hunter, a CNN correspondent for â€śYour $$$$$,â€ťmade the same prediction during a June 16 broadcast. â€ś[T]hey're going to drive that price down, they're going to pop the dollar up, theyâ€™re going to drive the price down, they're going to work this, say, for the election,â€ť Hunter said.
â€śYou know, if you were a real cynic, you could also wonder if the oil companies might not be pulling the price of gas down to help the Republicans get re-elected in the midterm elections a couple of months away â€¦ The interesting thing to watch on that story about gas prices is what happens to them right after the midterms, John,â€ť Cafferty said on Aug. 30, 2006.
â€śIn the Moneyâ€ť contributor Jennifer Westhoven reminded Cafferty Sept. 5, 2006, of his earlier comment and suggested he rehash his â€ścynicism about the electionâ€ť for the â€śIn the Moneyâ€ť audience.
â€śCertainly the thought had crossed my mind. I mean, the oil companies have a vested interest in seeing that the Republicans remain in control of the federal government,â€ť Cafferty said, adding facetiously (over laughter from his fellow panelists), â€śThey wouldn't pull prices down before the mid-terms now, would they?â€ť