Obama Mocks GOP's '3-Point Plan' for Cheap Gas Drill, drill, and drill By John Johnson, Newser Staff Posted Feb 23, 2012 3:34 PM CST 232 comments Comments President Obama makes the "U" sign before he speaks to students at the University of Miami Thursday. (AP Photo/J Pat Carter) (Newser) – With gas prices on the rise and looming as a big campaign issue, President Obama defended his energy policies today, cautioned that no "silver bullet" exists, and made sure to poke fun at Republicans' "three-point plan" to fix things, reports MarketWatch. “Step one is to drill, and step two is to drill, and step three is to keep drilling,” Obama said at the University of Miami. Obama argued his "all of the above" approach—including fuel-efficient cars, alternative fuels, and more domestic oil production—is the better way forward, notes the New York Times. “Anybody who tells you we can drill our way out of this problem doesn’t know what they’re talking about—or just isn’t telling you the truth,” he said. Newt Gingrich, meanwhile, plans to air an infomercial devoted entirely to gas prices, adds the Los Angeles Times.