Potential 2012 GOP presidential candidate and Tea Party favorite Herman Cain blames the Obama administration for runaway gas prices today in a blistering editorial on NorthStarNational.com.

 

“President Obama recently said that the economic situation was worse than they expected when he took office. That’s code for “blame Bush” again for Obama’s failed economic policies, which have not stimulated the economy.
 

He has chastised the business sector for sitting on over $2 trillion in accumulated cash instead of hiring people they do not need. That’s blaming the business sector for not making stupid decisions to prop up his failed policies.
 

And now that people are feeling the pain at the pump, he blames oil speculators for high gas prices, which are now double what they were two years ago. Remember, that’s about the time President Obama took office. And, he says there is nothing that can be done in the short term to ease the pain at the pump.
 

With all due respect, Mr. President, there is something you could do to ease the pain at the pump. Namely, declare and implement a “drill here drill now” strategy. And remove the ridiculous restrictions on shale oil deposits available out west …”