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April 26, 2006
Bush Approval Ratings vs. Gas Prices
A spurious correlation, in part, but the inverse relation between retail gas prices and President Bush's approval ratings is worth pondering. (Click for a larger version.)
[Update] Unbeknownst to me, there is something similar here.
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more specifically than spurious correlation, it could be omitted variable bias. Maybe it's the things that are causing gas prices to go up that are also driving Bush's unpopularity.
Too funny! If we keep gas prices high, then maybe the democrats will win the next election :-)
Actually, it looks like the prices trail the ratings a little. Maybe He rewards us with lower prices when we please Him and punishes us with higher prices when we displease Him?
can you also plot the sum and product of the 2 indices?
Stewart -- An intriguing hypothesis. He giveth, and he taketh away.
What surprises me the most is the fact that the prices did very little rising around 9/11. Was the market not as volatile then though nothing has really changed?
Gas prices will keep going up. Voters blame Bush because he is an Oil man himself who loves oil companies. Too much money to him compaign from Oil interest. Democrates will win both Houses of Congress. Oil companies Loose.
Plot it against gold and you get nearly the EXACT same chart:
http://www.the-privateer.com/chart/gold-pf.gif
George Bush doesn't have any control over oil, but he has direct control over spending, which is what is crashing our dollar.
What is the Beta?