Obama’s oil market plan more politics than substance
MSNBC ^ | 4/17/2012 | John W. Schoen
President Obama's call to rein in oil market speculation comes just as those very market forces appear to be accomplishing his real goal of lowering gasoline prices in the middle of an election campaign.
The president announced Tuesday that he wants Congress to crack down on oil market speculators whom he argues have helped drive up the price of crude oil and gasoline.
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House Speaker John Boehner, R-Ohio, denounced the plan as unnecessary, saying the White House already has the tools available to crack down on any possible oil price manipulation.
"Where is his Federal Trade Commission? Where is the SEC?" said Boehner. "He's got agencies there. So instead of just another political gimmick why doesn't he doesn't he put his administration to work to get to the bottom of it."
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"You can't drive a car with a windmill on it," Romney recently told a campaign crowd in Ohio.
(Excerpt) Read more at economywatch.msnbc.msn.c om ...
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more gimmicks and charades.