All talk. Matters are out of his hands, unless he can impose a 55 mph speed limit and raise the gas tax. And even that may not work. This Pres. is a piece of work. What has he done anyway, besides preside over USA decline.
You got it. A fundemental principle of these losers is that serious inequality of outcome means somebody cheated. Therefore, if one stops the cheating (aka fraud and manipulation) the prices will come back down. It's an easy shortcut that doesn't require much thought and is perfect for Dear Leader.
agreed. Sadly it's a common misconception. I'm going to say that the majority of Americans believe that speculators are to blame for high prices. I see that kind of thinking all over the internet. There is some truth to it, but you can't blame speculators. They make it sound as if all the speculators are making a killing by manipulating prices. It's bs. The more speculators the more efficient the process of price discovery.
The majority of Americans will react with 'way to go Obama! It's about time!' He's not a 'meathead' though. He just got this one wrong
Politicians create inflation through massive deficits and then blame it on speculators, all the while getting paid off by lobbyists who insist the government keep spending on their pet programs. Good gig if you can get it.
âThe only proper purpose of a government is to protect man's rights, which means: to protect him from physical violence... The only proper functions of a government are: the police, to protect you from criminals; the army, to protect you from foreign invaders; and the courts, to protect your property and contracts from breach or fraud by others, to settle disputes by rational rules, according to objective law.â â John Galt Atlas Shrugged (Part 3, Chapter 7, Page 1,062) ______________________________________________________
Double the margin at the NYMEx. Bet you oil goes much lower w/o killing its price discovery role which is critical in a free economy.