Obama Says Republicans Are 'Licking Their Chops' Over High Gas Prices

During an address on Thursday, President Barack Obama explained his belief that Republicans see rising gas prices as a political opportunity and thus, are "licking their chops." He also maintained that Republicans' "three-point plan" to solve the problem of rising gas costs will simply be to "drill" and drill some more.

"Only in politics do people root for bad news," he said.

"You can bet that, since it’s an election year, they’re already dusting off their three-point plan for two dollar gas. And I’ll save you the suspense: Step one is to drill and step two is to drill. And then step three is to keep drilling."

Watch below, courtesy of Mediaite: