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"Is there a ban on printing more money? If so he should lift that too and fix the economy while he's at it."
More like this
My car had a flat tire. When you get a flat tire, you might as well make something useful of it - right? As I was jacking the car up, I had a great idea. Use this for one of my "Spoof Science" videos.
In 2006, UPS driver Peggy Young became pregnant and asked for lighter-duty work that would comply with her doctor’s advice to limit lifting (to packages weighing 20 pounds or less during the first 20 weeks of her pregnancy, and 10 pounds or less during the remainder). UPS denied her request.
Kevin Granata, one of the authors of the work described here, was killed in in the shootings at Virginia Tech on April 16, 2007.
Increasing oil supply lowers value of oil -- which would be good.
Printing more money = inflation -- which is very bad.
Not that drilling offshore would somehow fix oil prices, but the analogy here is horrible.
But inflation also lowers the price of oil. Printing money actually was the strategy used by the United States to deal with previous price hikes. (The Onion is often very preceptive.) The pump price (paper dollars) did not come down much, but the cost in real terms did.
http://oregonstate.edu/cla/polisci/faculty-research/sahr/gasoline.pdf
Compare 1981 to 2002. Same pump price (about 1.30 per gallon), but inflation drove the value from 3.26 to 1.60 in current dollars. If oil ends up effectively priced in Euros or Yuan, the same thing might not happen this time.