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June 11, 2008 - According to Barack Obama, high gas prices don’t really constitute a problem for Americans. He stated yesterday that the reason for our anger is the rapid increase in prices, not the prices themselves. Obama claimed that Americans would have accepted a “gradual adjustment” to the current cost. Obama's Energy Secretary Steven Chu: “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe” Mr. Chu has called for gradually ramping up gasoline taxes over 15 years to coax consumers into buying more-efficient cars and living in neighborhoods closer to work.
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